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by bufferoverflow 2069 days ago
> I really don't get what is the hate with the central banks getting control over the money

Because every single CB in the world devalues the currency they govern.

Bitcoin and other coins, on the other hand, are deflationary by design. Which means, while they can drop in value, they will not do so because somebody decided to turn the printer on and print a few trillion BTC. BTC is capped at 21 million coins. And some of it gets lost every day, so its cap is actually shrinking.

(not all cryptocurrencies are deflationary by design, in case I wasn't clear)

1 comments

Bitcoin is not deflationary, it is disinflationary. The Bitcoin supply is still inflating, currently around 1.8% per year. However, that inflation rate will continue to fall to 0%.
Since the cap is known, that's already baked in. And since the coins are constantly lost, it is de facto deflationary.