Re:Bitcoin Hash Rate Rapidly Growing Despite Price
by JumpCrisscross on Friday July 13, 2018 @04:16PM
(#17526319)
> the supply of bitcoins does inflate constantly
Inflation is a measure on prices, not money supply. Bitcoin’s money supply is increasing. It is, on average, deflationary.
The number of bitcoins is capped at a distant future date; but in the present, it continually increases. This is similar to how a curved Earth can appear to be locally flat. For now and for many years to come, the supply of bitcoins does inflate constantly.