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Bitcoin isn't even inherently deflationary. Inflation and deflation (as the words are commonly used) are set by supply and demand. The whole point of central ba
by rhino369 9y ago
Bitcoin isn't even inherently deflationary. Inflation and deflation (as the words are commonly used) are set by supply and demand. The whole point of central banks is to control supply to steady the price.
It's only deflationary when demand rises. Demand could fall because of a shrinking bitcoin economy or because the velocity of bitcoin increases.