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By that logic the USD has some inflation baked in too, it’s just that in Bitcoin’s case the number is exact and in USD it’s a guess. It’s really just arguing se
by paulgb 5y ago
By that logic the USD has some inflation baked in too, it’s just that in Bitcoin’s case the number is exact and in USD it’s a guess. It’s really just arguing semantics, though. I get both sides’ arguments.
- woodruffw 5y agoI don’t know about “baked in,” but of course the USD is inflationary: that’s been the explicit Fed policy for decades. It’s been the policy because small amounts of inflation have a measurable economic benefit. But again: this doesn’t change the fact that Bitcoin is deflationary. It’s a fixed supply of coins on a ledger that every current stakeholder has a strong deflationary interest in. The fact that there might be inflationary forces internal to Bitcoin’s economy doesn’t change that.