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> What is "bitcoin inflation" Increase of the available supply of Bitcoin, which is occurring through mining activity. Every day, every hour (usually) more Bit
by 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.