buy a house with 2 btc today

same house cost you 1 btc 3 years ago

inflation 50%

learn basic economics

Reply to this note

Please Login to reply.

Discussion

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 is the sustained increase in the general price level of goods and services in an economy over a period of time.

it comes from 'inflare' which is latin meaning to blow up.

in terms of bitcoin prices have blown up in the last 3 years. everything is 100% more expensive measured in bitcoin than 3 years ago.

today bitcoin buys only 50% of the same house it bought 3 years ago.

everything became more expensive measured in bitcoin

I already replied to you with a link that explains beyond any reasonable doubt why this is incorrect.

Feel free to keep your current erroneous perspective if you'd prefer. I have no dog in this fight.

I don't blame you btw, this is a very common mistake.

But perhaps be a little more humble. The ego thing really doesn't reflect very well on anyone - 10x so if you happen to be wrong on top of it.

https://mises.org/mises-wire/what-inflation-really-means