Quote from: Lethn on April 03, 2013, 04:23:46 PM

Quote from: oser41eric on April 03, 2013, 04:21:21 PM

Quote from: Lethn on April 03, 2013, 03:59:18 PM

Quote from: oser41eric on April 03, 2013, 03:58:13 PM

Bitcoin is not Deflationary currency. Current yearly inflation of Bitcoin is higher than fiat. In your whole life Bitcoin will be inflation currency, though the inflation rate decreases every year.

How can it be inflated when the supply of Bitcoins cannot be changed? People like you need to look up the dictionary definition of inflation, this is to do with money supply, not speculation, which are both entirely different things.

ehm, 144*25 BTCs are created daily, thats why inflation

That's the amount of Bitcoins being mined, you can only mine a certain amount, the overall money supply is actually limited to 21 million, do your research, you don't just mine the coins out of thin air.

Current Bitcoin yearly inflation is approximately
144*25*365/11000000 = 12%
Current fiat yearly inflation is approximately 5%

Of course we mine the Bitcoins out of thin air, today mined Bitcoins were not in supply yesterday. Also by your flawed logic if we limit supply of fiat to 10^30 times current fiat amount wich could goverments sign because it will never go to this scale then mysteriously fiat is no longer inflationary currency because no more than 10^30 times current fiat amount can be created