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Deflation means the value of the currency is increasing. It does not mean the amount of units of that currency is increasing.
by raiflip 9y ago
Deflation means the value of the currency is increasing. It does not mean the amount of units of that currency is increasing.
- flashmob 9y agoyes, but that's usually the accepted definition in the crypto-currency world (eg. see the source link I've posted where they use it in that context too). There are different definitions of inflation/deflation, but the price is always a function of supply-and-demand, therefore it all boils down to the supply, where the issuance rate & eventual supply cap is what gives a crypto-currency its inflationary/deflationary properties.