at the risk of preaching to the choir 😅
Mises defines inflation as increase in the money supply ABOVE increase in the demand for money.
so according to him,
increasing the money supply along with demand for money isn't inflation at all.
Discussion
I’ve always had trouble with this because all else equal prices don’t change but under what circumstances is there the same demand and supply (no change) of products and services but an increased demand for the money? Breaks my brain a little. But I’m not deeply studied in these things.
If Satoshi's coins move to a burn address, demand for that money likely goes up.
If Satoshi's coins move to Binance, demand for money likely goes down.
(all else equal)
Sorry I’m late to this party…
You can have the same demand and supply of goods and services, but an increased demand for money when people choose to hold onto money instead of spending it, usually due to fear, uncertainty…So that will reduce the velocity of money, leading to deflation.