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by JumpCrisscross 4573 days ago
>Bitcoin has been highly inflationary

Inflation and deflation are not solely functions of the supply of money. They are functions of the price of money, which is a function of both supply and demand. The price of goods, which have been reasonably stable in U.S. dollar terms, have fallen in terms of Bitcoin. Thus Bitcoin is presently deflationary, not inflationary.

1 comments

You are completely right. I hope I haven't mislead anybody with my comment.