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Edited ch12_mining.adoc with Atlas code editor

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clenser 2023-10-17 20:55:41 +00:00
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@ -163,7 +163,7 @@ to inflate the supply of ((("bitcoins", "mining", "currency creation", startref=
.Deflationary Money .Deflationary Money
**** ****
The most important and debated consequence of The most ((("deflation", id="deflation")))((("inflation", id="inflation")))important and debated consequence of
fixed and diminishing monetary issuance is that the currency tends to be fixed and diminishing monetary issuance is that the currency tends to be
inherently _deflationary_. Deflation is the phenomenon of appreciation inherently _deflationary_. Deflation is the phenomenon of appreciation
of value due to a mismatch in supply and demand that drives up the value of value due to a mismatch in supply and demand that drives up the value
@ -196,7 +196,7 @@ at the expense of savers.
It remains to be seen whether the deflationary aspect of the currency is It remains to be seen whether the deflationary aspect of the currency is
a problem when it is not driven by rapid economic retraction, or an a problem when it is not driven by rapid economic retraction, or an
advantage because the protection from inflation and debasement advantage because the protection from inflation and debasement
outweighs the risks of((("Bitcoin", "economics of", startref="bitcoin-economics")))((("economics of Bitcoin", startref="economics"))) deflation. outweighs the risks of((("Bitcoin", "economics of", startref="bitcoin-economics")))((("economics of Bitcoin", startref="economics")))((("deflation", startref="deflation")))((("inflation", startref="inflation"))) deflation.
**** ****
=== Decentralized Consensus === Decentralized Consensus