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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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ch12_mining.adoc
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@ -163,7 +163,7 @@ to inflate the supply of ((("bitcoins", "mining", "currency creation", startref=
.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
inherently _deflationary_. Deflation is the phenomenon of appreciation
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
a problem when it is not driven by rapid economic retraction, or an
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