Quote from: Milotyc on January 13, 2015, 07:03:57 PM

Quote from: thefiniteidea on February 02, 2013, 10:57:48 PM

MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes.

MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate.

Again, no.

Monetary inflation = increase in the money supply.
Monerary deflation = decrease in money supply.
That's all.

Did you just coin the phrase for yourself? Regarding monetary inflation, yes, there is such a notion meaning increase in the money supply. Actually it predates the usage of the word to express the notion of rising prices. But the word deflation is used exclusively to mean falling prices... Cool

What you meant to say is labeled "contraction of money supply"