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eropple
on May 11, 2011
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In Fifty Days, Payments Innovation Will Stop In Si...
Exactly. The deflationary period will come when most people liquidate their Bitcoin holdings because they realize it's essentially useless. Or try to liquidate, anyway. At that point there won't be many buyers.
natrius
on May 11, 2011
[–]
Deflation is an
increase
in the value of a currency. You're describing an eventual
decrease
in the value of Bitcoin, which would be inflation.
eropple
on May 11, 2011
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parent
[–]
You're right, I apologize. Sorry, should not post under the influence of burritos.
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