[JumpCrisscross]

> Bitcoin has neither hyperinflation or hyperdeflation

Measured against a basket of goods, Bitcoin’s value soars and free falls.

Using a 17th-century definition of inflation, which in modern parlance is called money supply, Bitcoin is simply inflationary, but that definition swap concedes that it is a curiosity, not a currency.

[psychlops]

You are confusing inflation with volatility. Prices may rise and fall without changes in a money supply. Bitcoin's supply is well documented.

[JumpCrisscross]

> You are confusing inflation with volatility. Prices may rise and fall without changes in a money supply.

You are confusing inflation and debasement. When price levels rise, it's inflation. Even if the money supply shrinks.

This difference is meaningful because for a currency user, stability in value is more important than stability in the number of imaginary things. In 2008, U.S. dollar broad money supply crashed while central bank money surged. That is less meaningful to a currency user, or even financial market participant, than the amount of goods and services each dollar today buys compared with yesterday and tomorrow.