X @Nick Szabo
Nick Szabo·2025-10-09 23:19
AI may increase the supply of almost everything, causing a general retail deflation. Banks, whether run by AIs or not, will increase the supply of fiat currencies. And I can imagine robot mining equipment increasing the supply of gold.Bitcoin is another matter.Nikita Bier (@nikitabier):Gold and bitcoin is acting like we’re about to enter into a period of hyperinflation—but no one realizes that AI is deflationary. ...