Replying to Avatar graycat

How could Bitcoin be modified to guarantee x% inflation? Inflation is when the money supply grows faster than production. (Deflation is the opposite.) Where is the measurement of the growth of production going to come from? Some sort of Ethereum-style oracle?
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monk_cactus 2y ago

In these types of conversations, people generally use the more accurate definition of inflation; growth in money supply.

Production is not really relevant

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graycat 2y ago

Your definition implies that inflation can happen while the average price of goods and services falls. That doesn’t sound like common usage.

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monk_cactus 2y ago

You’re correct, but bitcoiners are not common people