Re:The Evolving Economics of Bitcoin, Gold and Fiat Currencies
by grubles on Wednesday November 01, 2017 @01:53PM
(#15603746)
Bitcoin is currently inflationary. 1,800 newly generated bitcoins (about $11,700,00) are added to the supply roughly every 24 hours.
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Re:The Evolving Economics of Bitcoin, Gold and Fiat Currencies
by erebus_rex on Wednesday November 01, 2017 @08:38PM
(#15606854)
NO it is not. Inflation does not mean growing money supply. It means money supply growing faster than the real economy that transacts on that money. Bitcoin money supply may be growing but not fast enough to accomodate the demand. So it is deflating.