uh, no, it's not yet. Masses of new bitcoins are being created every day. That is inflationary (and much more so than USD).
@greg_bt: it matters little how you frame it, but the supply of bitcoins is increasing. It will gradually reduce and stop, all of which is predetermined, yes. Today it is inflationary (IIRC its about 15%/y currently, but don't hold me to that), eventually it will be deflationary.
except the previous mega-crash.
>bitcoin being a deflationary
uh, no, it's not yet. Masses of new bitcoins are being created every day. That is inflationary (and much more so than USD).
@greg_bt: it matters little how you frame it, but the supply of bitcoins is increasing. It will gradually reduce and stop, all of which is predetermined, yes. Today it is inflationary (IIRC its about 15%/y currently, but don't hold me to that), eventually it will be deflationary.