top | item 27490817

(no title)

simo7 | 4 years ago

> even Bitcoin experiences inflation as more of it is mined (as does gold).

Surprisingly they don't understand what inflation means despite having just quoted its definition a few paragraphs above.

Inflation doesn't mean that we "have more of something", it means we "need more of that something" to buy the same good over time.

Do we today need more bitcoins to buy a pizza compared to 2013?

discuss

order

nomoreplease|4 years ago

Redefining words and ideas is common in 2021. I’m not surprised