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by wbrasky
2913 days ago
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This is an oft-repeated falsehood. The majority of cryptos I have looked at (the big, non-pre-mined ones in particular) are not and will not be for many, many years. They are disinflationary. They experience inflation at a decreasing rate over time. Eventually, yes, they will become deflationary. Bitcoin will become deflationary on or before (effectively owing to "lost" coins) 2140, but until then the monetary supply increases. That is called: inflation. |
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Inflation is a measure between real goods and services on one hand and a single unit of a currency on the other. It is not a measure of money supply. (For that we say “money supply”.)
Money supply increases tend to be inflationary. But that’s not a hard and fast rule. Bitcoin’s money supply is increasing, but on average it’s been deflating.