life is good

Life is about finding beauty in the simplest moments♥️ 
Happy water Wednesday

amazing scenery !!
I ever took many photos long time ago !!!

Zora

Share beautiful English Song!!
Hope you love them!!

Share beautiful English Song!!
Hope you love them!!

https://youtu.be/tIA_vrBDC1g?si=uBhaQv9gptw1-pXj

My interpretation from the above definition related to economics:

1. Price Inflation refers to the "general increase in prices" part of that definition
2. Money Supply Inflation refers to the "fall in the purchasing value of money" part of that definition

Therefore, I can not agree that inflation "means the same thing as increase", as it conflicts with the "fall in the purchasing value of money" part of that definition.

Note: this is not an argument of what the "general increase in prices" or "fall in the purchasing value of money" means. We can get to that once your interpretation of the word inflation is understood.

And if you want to redefine the word "exchange" to mean specifically "exchanging for other currency", be my guest, I'm sure it will be a useful add to the bitcoinomist's dictionary. But it still doesn't cause price deflation unless people want BTC more than fiat. Which, unless you are a tool, is not guaranteed.

wushiwen

@wushiwen