Post
Topic
Board Bitcoin Discussion
Re: Targeted Deflation Rate
by
bitterness
on 17/07/2011, 03:42:33 UTC
Also, how do you decide which price inflation indicator to use? What we call price inflation is just the price index issued by the government. But Bitcoin has no government and the price index can be calculated in infinite ways.

Most viable would be imho a theoretical exchange rate against a basket of all major fiat currencies. But if you don't believe in them, that's probably not an option. Historians have a similar problem and afaik they often use a very basic and overall consistent measurement, the price of a cow. Wink