Post
Topic
Board Economics
Re: Bitcoin Loans and Lending; The Weakness in The Bitcoin Economy
by
realnowhereman
on 15/07/2011, 19:26:59 UTC
So... what exactly is it you think I haven't understood?
What inflation is, your explanation is still wrong. As I've already suggested, you should look it up.

No it's not, and you can repeat that as much as you like, doesn't change it.

Inflation means, these days, means price inflation.  It can also mean money supply inflation.  Money supply inflation causes price inflation (in the absence of other factors).

Do you dispute the fact that bitcoins are being created?  Do you not think that is money supply inflation?  Given that that is true, how does any argument that says people are hoarding coins now because they are deflationary make any sense?