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I think there is a difference between an inflationary/deflationary currency and inflation/deflation of value. The USD currency experiences inflation by adding
by jordancardwell 13y ago
I think there is a difference between an inflationary/deflationary currency and inflation/deflation of value.
The USD currency experiences inflation by adding dollars to circulation which causes the value of individual dollars to drop.
Bitcoin is deflationary. Bitcoin, as a currency, experiences deflation (bitcoins can only be lost, never added, over time after all bitcoins are 'found'), therefore the value of bitcoin value can only be increased as supply diminishes.
- deleted 13y ago[deleted]