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by spurgu
2013 days ago
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> if you look at processing power as a currency, it is actually undergoing hyperinflation So in relation (for this particular scenario) the USD is undergoing hyperdeflation..? Whatever you call it the psychological effect with computers is the same as with a rising bitcoin price - you get more bang for the buck the longer you hold off on your purchase. |
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Relative to computers/processing power, yes, although you generally wouldn't describe it that way, since USD is (comparatively) stable with respect most other stores of value - it's computers that are changing in value, so it's computers that should be described as undergoing inflation.
Relative to (the relevant average of) other stores of value, dollars are undergoing inflation, just more slowly than computers.