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by fastball 2803 days ago
> always inflating

> fixed number of Bitcoins

Don't think he needs to.

2 comments

Google defines inflation as: “a general increase in prices and fall in the purchasing value of money“.

Let’s take a step back and remember how Bitcoin’s purchasing power has lost nearly $15,000 since its all-time high. So yes, he does need to.

Bitcoin is also worth almost exactly as much as it was worth a year ago.
The number of Bitcoins that currently exist is still increasing, at about 4% annually. They have an eventual cap (assuming that never gets hard-forked away) but for now they still mint 12.5 new bitcoins every 10 minutes.