[arcticbull]

You're describing money supply, not inflation. Inflation is a change in purchasing power of a unit of currency, not the supply of the currency. The supply may influence its purchasing power but there's a lot more to it, obviously.

[jtms]

https://en.wikipedia.org/wiki/Inflation#Money_supply

[hanniabu]

Words have different meaning in different contexts. In blockchain, inflation refers to the emission of newly minted coin.

[arcticbull]

In economics inflation is a change in purchasing power of a currency. Words have meaning. This is what inflation means to everyone without laser eyes ;) and the word appears to have been redefined to spur unsubstantiated fear to pump bitcoin. So I suggest we all begin using the right word for the job and correcting folks who are using it wrong.

[hanniabu]

"The term is used differently in this context"

"No the context I'm used to is the only possible answer"

This combined with your mention of fear and pumping, it seems you have a heavy bias against cryptocurrencies so it's not worthwhile to continue this discussion with you.

[arcticbull]

Oh I understand the crypto communities use, I’m saying they intentionally or unintentionally chose a meaning aligned with their interests and not with reality. I will continue to call out their bad faith actions because if cryptocurrencies are to form any meaningful role in a future economic order it has to be from a position of, well, reality.

I've followed the space very closely for 6ish years now, and I've made a lot of money on crypto both long and short, and I engage with a lot of folks both online and in real life who are both pro- and anti- crypto.

However, fundamentally, I'm with Jackson Palmer.

https://twitter.com/ummjackson/status/1415353991106420741