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"Today, people use inflation to refer to two separate things, and whenever you hear someone saying inflation it\u2019s not always clear which definition they are referring to. One definition is\xa0\u201cthe prices of\xa0consumer goods increasing\u201d and the other is\xa0\u201cdilution of\xa0the money supply\u201d. So\xa0which is\xa0it?" - Steven Lubka\n\nSteven brings an excellent piece today from the Swan Bitcoin Blog about the nature of Bitcoin as an inflation hedge. Does that mean Bitcoin will stay perfectly in line with the general price level of all consumer goods? Or does it means it will adjust to the monetary supply and interest rate, and if so, what does either mean for Bitcoin going forward? If you ever heard the criticism that Bitcoin has failed as an inflation hedge, this is a read you don't want to miss.\n\nLink to the original article plus tons of other great stuff at the SwanBitcoin blog and newsletter:\nhttps://www.swanbitcoin.com/bitcoin-and-the-true-meaning-of-inflation/\n\nDon't miss the PACIFIC BITCOIN CONFERENCE from the Swan Bitcoin team! We are going to have a blast in LA in November and I hope to see you guys there. Don't forget to grab 10% OFF with Discount Code BITCOINAUDIBLE at pacificbitcoin.com\n\nCheck out our amazing sponsors and the products that Guy uses most in the space:\n\u2022 The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)\n\u2022 Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold)\n\u2022 Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message