Hi Everybody. I've got a question.
I have seen that the artist Kuno Goda (
www.kunogoda.com) is selling a painting called "200 Bitcoin". It's inspired by Andy Warhol's "200 One Dollar Bills".
The Price of the painting is 200 BTC (surprise surprise).
Let's assume that the (art) world agrees on this value.
Wouldn't that effectively inflate the Bitcoin supply?
If you could send the painting through the internet for a very low fee and people used it as a "money substitute", then yes, it would increase the money supply. However: that's not the case, people don't use the painting as a substitute for bitcoins.