Post
Topic
Board Bitcoin Discussion
Re: Bitcoin inflation now is 44% per year
by
TonyHoyle
on 27/06/2011, 20:28:00 UTC
Look, I have no emotional attachment to the classical definition inflation, but the modern one is bordering on the absurd. Or over. If tomorrow(next year, decade) technologies will evolve  in such a way that prices of basic necessities (those whose weight is not zero) will halve, the money supply will have to be doubled in order to avoid harmful deflation?

You already know that's exactly what they'll do..