Post
Topic
Board Beginners & Help
Re: Why such agreement that Deflationary currency is a bad thing
by
enter`name`here
on 09/04/2013, 13:37:13 UTC
The money stock is currently inflating at around 12% a year.  To offset this the bit coin economy would need to grow by that amount in order for prices to remain stable.  It is very difficult to get statistics about how many bitcoin transactions are actually used to purchase goods and services. We are currently seeing price deflation due to speculation that the bitcoin economy will expand rapidly in the near future.