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Their argument is that the rate of inflation itself goes down over time. But then they claim that makes the coin "deflationary", which isn't true.
by phailhaus 6y ago
Their argument is that the rate of inflation itself goes down over time. But then they claim that makes the coin "deflationary", which isn't true.
- arcticbull 6y agoA rate of increase that drops over time isn't intrinsically inflationary or deflationary. It exerts inflationary pressure, but inflation is a function of both supply and velocity. We'd have to actually measure to determine. Its increase in price means you can buy more goods with it, which means it has demonstrably been insanely deflationary.