papafigos on Nostr: That is not inflation. Common mistake. Inflation tends to cause price changes, but ...
That is not inflation. Common mistake.
Inflation tends to cause price changes, but not all price changes are a result of inflation.
Inflation would be 10 million more Bitcoin having been created, doubling the supply and therefore reducing the value as expressed in another unit (say, USD) as each individual sat would now be worth less, as there would be about twice as many sats than before.
I echo your sentiment about learning basic economics back to you.
Inflation tends to cause price changes, but not all price changes are a result of inflation.
Inflation would be 10 million more Bitcoin having been created, doubling the supply and therefore reducing the value as expressed in another unit (say, USD) as each individual sat would now be worth less, as there would be about twice as many sats than before.
I echo your sentiment about learning basic economics back to you.