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>It has built-in deflation, which makes it a great long-term store of value Besides, so far, Bitcoin has been highly inflationary. In a bit more than a year, t
by josu 13y ago
>It has built-in deflation, which makes it a great long-term store of value
Besides, so far, Bitcoin has been highly inflationary. In a bit more than a year, the number of bitcoins in circulation has doubled.
https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= https://blockchain.info/charts/total-bitcoins?timespan=all&s...
- JumpCrisscross 13y ago>Bitcoin has been highly inflationary Inflation and deflation are not solely functions of the supply of money. They are functions of the price of money, which is a function of both supply and demand. The price of goods, which have been reasonably stable in U.S. dollar terms, have fallen in terms of Bitcoin. Thus Bitcoin is presently deflationary, not inflationary.
- josu 13y agoYou are completely right. I hope I haven't mislead anybody with my comment.