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One way money becomes less valuable is because demand for goods and services increases. So there can be Bitcoin inflation without an increase in the BTC supply.
by foobarqux 13y ago
One way money becomes less valuable is because demand for goods and services increases. So there can be Bitcoin inflation without an increase in the BTC supply.
- 3pt14159 13y agoObviously if a comet is hitting the earth a month from now the relative demand shifts from dollars to Viagra, but we're speaking in term relative to dollars. Since the supply of Bitcoins is not increasing after it hits 21 million, there is no reason to suspect inflation.
- foobarqux 13y agoBitcoins isn't going to preserve your purchasing power contrary to your claims even if it preserves it more than USD.