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Inflation is an increase in money supply which is what is happening today with the number of Bitcoins in production. Eventually it will be deflationary because
by sidko 13y ago
Inflation is an increase in money supply which is what is happening today with the number of Bitcoins in production. Eventually it will be deflationary because coins get lost.
Inflation has nothing to do with price volatility. Something that cost 10 Bitcoins yesterday might cost 1 Bitcoin today and 2 Bitcoins tomorrow. It doesn't mean that Bitcoin is deflationary today and inflationary tomorrow.
(Good job removing all comments on your blog that don't agree with your flawed definitions)
- aosmith 13y agoSorry if I removed a comment of yours -- wasn't intentional. I only removed comments stating that bitcoin was undergoing inflation to help avoid confusion.
- tzs 13y ago> Eventually it will be deflationary because coins get lost. It eventually becomes deflationary even if no coins are ever lost.