Post
Topic
Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
bitcoinminer
on 27/10/2011, 20:55:29 UTC
Inflation is the loss of purchasing power per unit, period.  I know you are probably one of those "don't confuse me with the facts" people but 2 BTC bought a lot more two months ago, regardless of exchanging it for fiat.  That is called inflation.

You can't measure inflation over a period as short as 2 months and with a single metric.  What you experienced was volatility.

Inflation is a persistent and general rise in price of goods and services.  You can not conclusively point to inflation for a change in exchange rate of BTC in a 2 month window.  Compared to 12 months prior the purchasing power of BTC is much higher today.   So are we experiencing deflation? 

You can't fix stupid I guess.