Post
Topic
Board Bitcoin Discussion
Re: Bitcoins have lost $210,000,000 USD since June 9th 2011
by
BitcoinRedLight
on 28/09/2011, 22:45:48 UTC

...the inflation rate HAS NOT CHANGED at any time since Bitcoins were worth less than a penny to when they were worth $30.

It has changed wildly.

Inflation is not only a function of the supply of a currency, but it is a function of the supply of a currency relative to its users, its demand.

We are currently in a far more inflationary mode than when Bitcoin was at $30+ and many new people were rushing in.