Post
Topic
Board Bitcoin Discussion
Re: Open Letter to GMaxwell and Sincere Rational Core Devs
by
traincarswreck
on 05/03/2017, 19:17:42 UTC
bitcoin's price and value will die off if the user experience is such that the rising fees cause them to flee.  Therefore, the argument goes, we must scale bitcoin to support a higher tp/s. This will keep the price and value going up.

Is this not an admission of inflation control?
no
inflation control is about adding more coins endlessly with no cap.. and LIMITING utility while producing endless coins.
bitcoin is deflationary over time so EXPANDING or limiting utility over time is deflationary control.

We have to use the accepted definitions of these words.  Can't make up our own definitions:

Quote
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time[1] resulting in a loss of value of currency.

https://en.wikipedia.org/wiki/Inflation

The definition does not speak to money supply.