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Bitcoin is not monetarily inflationary. (and definitely not price inflationary, long term). Its limit is known well ahead of time. The distribution is spread ov
by bufferoverflow 8y ago
Bitcoin is not monetarily inflationary. (and definitely not price inflationary, long term). Its limit is known well ahead of time. The distribution is spread over time, by design. But the number of bitcoins is mathematically capped.
- cesarb 8y ago> But the number of bitcoins is mathematically capped. The number of bitcoins is capped at a distant future date; but in the present, it continually increases. This is similar to how a curved Earth can appear to be locally flat. For now and for many years to come, the supply of bitcoins does inflate constantly.
- JumpCrisscross 8y ago> the supply of bitcoins does inflate constantly Inflation is a measure on prices, not money supply. Bitcoin’s money supply is increasing. It is, on average, deflationary.