Comment: Certainly not trying to be devious

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Certainly not trying to be devious

Imagine a system of just USD and Bitcoin.

Before Bitcoin exists, all the value is stored in USD. If Bitcoin reaches 100% adoption, USD is worthless. So what happens between those two end-points is a shift in value, gradually, between USD and Bitcoin. For those stuck on USD, it may look like inflation, but no new value is actually being created. USD is just shrinking in value, comparatively.