2 ms·

More like 2-4%: http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ http://www.usinflationcalculator.com/inflation/historical-in... I'll

• _delirium 13y ago
  > it's the right order of magnitude Probably even closer when you consider that cryptocoins suffer much more "loss" than USD does. People lose wallets, get hard drives wiped, etc., which are deflationary events that partly counter any built-in monetary inflation. Whereas losses of USD due to things like setting bills on fire or losing them in a lake amount to a miniscule portion of total USD outstanding. Imo it's even plausible that Dogecoin's current loss rate is >5%, in which case the currency would still be deflationary even with the new coins being added.
• aestra 13y ago
  >Whereas losses of USD due to things like setting bills on fire or losing them in a lake amount to a miniscule portion of total USD outstanding. The Bureau of Engraving and Printing redeems partially destroyed or badly damaged currency as a free public service. Every year the U.S. Treasury handles approximately 30,000 claims and redeems mutilated currency valued at over $30 million. http://www.moneyfactory.gov/uscurrency/damagedcurrency.html http://www.moneyfactory.gov/uscurrency/damagedcurrency.html
  • judk 13y ago
    When banks sit on money and refuse to make loans, or people stuff dollars under the mattress, that has a short-term deflationary effect, for as long as the money is locked up.
  • mcguire 13y ago
    You need >50% of a bill for them to redeem it, though.