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OK, you "win" (I think), though at that point I feel like the term isn't going to mean anything useful anymore as applied to a commodity... like, on a moment to
by saurik 4y ago
OK, you "win" (I think), though at that point I feel like the term isn't going to mean anything useful anymore as applied to a commodity... like, on a moment to moment basis we don't describe the US dollar as inflating and deflating despite it constantly having small adjustments with respect to its value: we track the large-scale movements specifically caused by economic policy that changes the circulating money supply (whether by the Fed or by individual banks or even by things like relative wages).
- JumpCrisscross 4y ago> the term isn't going to mean anything useful anymore as applied to a commodity Which term? Inflation? It's meaningless for a commodity but meaningful for a currency.
- seanhunter 4y agoYes. As (I tihnk it was you) said in a sibling comment, supply expansion/contraction has a very significant meaning for a commodity though and that's really what happens with crypto. It's a bit frustrating to me the way in which the crypto community reuses various "tradfi" concepts but with slightly incorrect terminology etc.