Post
Topic
Board Altcoin Discussion
Re: [ARTICLE] Bitcoin To Collapse?
by
Surawit
on 01/09/2011, 18:18:47 UTC
Huh?

Right now Bitcoins are Inflating not Deflating good sir.

They will only start to "Deflate" when the 21,000,000 cap is reached.

But once again many, many people have a problem calling digital property "deflationary".


This is not true, you are being misleading with trivial semantics. Because there EXISTS a cap, bitcoins are DEFLATIONARY. It does not matter that the cap has not yet been reached, because everyone in the market has KNOWLEDGE of the caps inevitable existence. Therefore the market will treat the currency in a deflationary manner. You can read about deflation at http://en.wikipedia.org/wiki/Deflation.