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What is "bitcoin inflation". World-wide inflation in comparison to bitcoin? I doubt you could make that comparison with such a volatile asset. The inflation of
by conanbatt 8y ago
What is "bitcoin inflation". World-wide inflation in comparison to bitcoin? I doubt you could make that comparison with such a volatile asset.
The inflation of the cost to produce bitcoin? Maybe, but I doubt anyone can calculate that precisely.
I really really hope its not a measure of price increase of bitcoin.
- qes 8y ago> What is "bitcoin inflation" Increase of the available supply of Bitcoin, which is occurring through mining activity. Every day, every hour (usually) more Bitcoin exists. For a while still, anyway. The rate is cut in half every few years until all 21 million have been mined, then inflation is 0 (negative in reality as some Bitcoin become inaccessible, e.g. when users lose their keys).
- conanbatt 8y agoThats not inflation, in the economics definition of it. If demand for bitcoin outpaces the supply you have deflation, not inflation. Some other definitions of inflation could be "the loss of value of a currency(in front of other goods)", which is not what BTC suffers.