Vitalik Buterin claws back crypto community's right to redefine 'inflation'
The Ethereum co-founder asserts the crypto community’s right to redefine “inflation” as the increase in currency supply, challenging traditional economic definitions and addressing misinformation.
Vitalik Buterin, co-founder of Ethereum, has asserted that the crypto community has already “claimed the right to butcher” the word inflation.
Buterin’s comments come as a response to an X post by digital media company Axios, which stated that the word “inflation” now means high prices rather than rising costs.
Despite the Axios post’s “tongue-in-cheek” nature — as X Community Notes (CN) suggests — CN clarified that “the definition of inflation is not changing.”
The Ethereum co-founder asserts the crypto community’s right to redefine “inflation” as the increase in currency supply, challenging traditional economic definitions and addressing misinformation.
Vitalik Buterin, co-founder of Ethereum, has asserted that the crypto community has already “claimed the right to butcher” the word inflation. Buterin’s comments come as a response to an X post by digital media company Axios, which stated that the word “inflation” now means high prices rather than rising costs. Despite the Axios post’s “tongue-in-cheek” nature — as X Community Notes (CN) suggests — CN clarified that “the definition of inflation is not changing.”Read more