Bitrefill Introduces Controversial $100 Invoice-Burning Lighter, Sparking Inflation Debate

TLDR:

• Bitrefill launches limited-edition Cash Lighter utilizing actual $100 payments as gasoline
• Solely 20 lighters obtainable, priced at 0.1 BTC every
• Supposed to attract consideration to potential hyperinflation
• Every $100 invoice burns for about 15 seconds
• Venture goals to problem perceptions of cash and worth

Bitrefill has launched a provocative new product that’s igniting discussions about inflation and the worth of cash.

The corporate’s limited-edition “Cash Lighter” makes use of actual $100 payments as gasoline, permitting customers to actually burn money whereas lighting cigars or different gadgets.

The Cash Lighter is being marketed as each a luxurious merchandise and a press release piece. Solely 20 of those lighters will probably be produced, with every priced at 0.1 Bitcoin (BTC). This exclusivity provides to the product’s enchantment for collectors and crypto lovers.

Based on Hannah Mazetti, Public Relations consultant for Bitrefill, the Cash Lighter is greater than only a flashy gadget.

“Our Cash Lighter isn’t just the last word flex; it’s our manner of drawing consideration to the difficulty of impending hyperinflation,”

Mazetti defined within the firm’s press launch.

The idea behind the Cash Lighter stems from considerations concerning the speedy improve in cash printing by the Federal Reserve. Bitrefill claims that each second, the Federal Reserve prints $10,000, which they argue might result in important inflation sooner or later.

Every $100 invoice used within the lighter has been handled with natural oil to enhance its burning capabilities. A single invoice is claimed to burn for roughly 15 seconds, which the corporate states is adequate for lighting a cigar. In instances the place extra gasoline is required, customers may want to make use of two payments.

Bitrefill addresses potential authorized considerations of their FAQ, acknowledging that there are legal guidelines towards mutilating US foreign money to the purpose the place it might probably’t be reissued.

The corporate emphasizes that the Cash Lighter is meant as a collectible murals meant for example some extent about inflation and cash printing, somewhat than an encouragement to violate foreign money legal guidelines.

The corporate additionally presents an uncommon financial argument for his or her product. They recommend that burning banknotes might theoretically make different banknotes extra priceless, framing using the Cash Lighter as a type of “final altruism.”

Nevertheless, they admit that to successfully fight inflation, they would wish to burn about $10,000 per second or produce one million extra lighters.

Bitrefill connects their product to historic occasions, citing the hyperinflation of the Twenties as an element within the rise of Nazism. In addition they level to more moderen examples of hyperinflation in international locations like Zimbabwe and Venezuela to underscore the potential risks of unchecked inflation.

As of the press launch date, September 19, 2024, the Cash Lighter is out there for buy via Bitrefill’s web site.