I understand benefits of devaluation if there is a hyper inflation. There is no ... | Hacker News

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		TheRubyist on Dec 5, 2013 \| parent \| context \| favorite \| on: Bitcoinity switches to mBTC I understand benefits of devaluation if there is a hyper inflation. There is no authoity that could really devaluate bitcoin price, but we could try to devaluate peception of unit here.

colanderman on Dec 5, 2013 [–]

…except BitCoin isn't experiencing inflation. It's experiencing deflation.

(Inflation is when the value of a currency decreases, causing the price of goods in that currency to increase or inflate.)

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