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@ -163,7 +163,7 @@ to inflate the supply of ((("bitcoins", "mining", "currency creation", startref=
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.Deflationary Money
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****
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The most important and debated consequence of
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The most ((("deflation", id="deflation")))((("inflation", id="inflation")))important and debated consequence of
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fixed and diminishing monetary issuance is that the currency tends to be
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inherently _deflationary_. Deflation is the phenomenon of appreciation
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of value due to a mismatch in supply and demand that drives up the value
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@ -196,7 +196,7 @@ at the expense of savers.
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It remains to be seen whether the deflationary aspect of the currency is
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a problem when it is not driven by rapid economic retraction, or an
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advantage because the protection from inflation and debasement
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outweighs the risks of((("Bitcoin", "economics of", startref="bitcoin-economics")))((("economics of Bitcoin", startref="economics"))) deflation.
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outweighs the risks of((("Bitcoin", "economics of", startref="bitcoin-economics")))((("economics of Bitcoin", startref="economics")))((("deflation", startref="deflation")))((("inflation", startref="inflation"))) deflation.
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****
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=== Decentralized Consensus
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