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Topic: [CHART] Bitcoin Inflation vs. Time - page 11. (Read 1197923 times)
You cannot judge that its inflation time for btc or not
It can be estimated fairly closely.
Inflation shows different levels of severity. They are classified into three categories: moderate inflation, hyperinflation and hyperinflation.
- Moderate inflation: characterized by slow and predictable price increases. The annual inflation rate is a digit. When prices are relatively stable, people believe in money, they are willing to keep money because it is almost the same value within a month or a year. People are willing to make long-term contracts in terms of money because they believe that the value and cost of buying and selling will not go too far.
Inflation: The rate of increase over 10% to 100% is called 2 or 3 digit inflation. The currency is depreciating, the real interest rate is negative, no one wants to keep cash. People only keep the minimum amount necessary for daily payments. People love to keep their goods, gold or foreign currency. Unstable financial market (due to capital running abroad).
- Hyperinflation: the rate of increase is over 1000% per year. The currency is almost devalued. Transactions taking place on the basis of exchange of money no longer do the function of exchange. Financial crisis (hyperinflation occurred in Germany in 1923 with a rate of 10.000.000% and occurred in Bolivia 1985 with 5
- Moderate inflation: characterized by slow and predictable price increases. The annual inflation rate is a digit. When prices are relatively stable, people believe in money, they are willing to keep money because it is almost the same value within a month or a year. People are willing to make long-term contracts in terms of money because they believe that the value and cost of buying and selling will not go too far.
Inflation: The rate of increase over 10% to 100% is called 2 or 3 digit inflation. The currency is depreciating, the real interest rate is negative, no one wants to keep cash. People only keep the minimum amount necessary for daily payments. People love to keep their goods, gold or foreign currency. Unstable financial market (due to capital running abroad).
- Hyperinflation: the rate of increase is over 1000% per year. The currency is almost devalued. Transactions taking place on the basis of exchange of money no longer do the function of exchange. Financial crisis (hyperinflation occurred in Germany in 1923 with a rate of 10.000.000% and occurred in Bolivia 1985 with 5
Nice.
I think it would be useful a more detailed chart, from the beginning until 2014
True.. Its better to start from the old chapter few more year back, buts its good that he came up with the idea of charting this for more up date specially concerning cryptocurrency insights. I think it would be useful a more detailed chart, from the beginning until 2014
What happens when no blocks can be mined. How do transactions get processed then ?
Is this some sort of rhetorical question? Blocks must be mined to process transactions, but there will always be blocks mined as long as miners are paid the block reward and/or fees, and it remains profitable. If not, difficulty drops after two weeks and/or fees from more transactions build up in the mempool and it becomes profitable again to mine more blocks.
What happens when no blocks can be mined. How do transactions get processed then ?
Pictures not working...
The pictures are normal, but times have changed, and maybe those pictures are useless.They aren't useless, they are only slightly off.
Well for now they are slightly off, but they might as well become useless if market stays as unstable as it was a couple of months.
No. The emission schedule is only very slightly affected by price over time, in the sense that a higher price can incentivize faster blocks within a two week period. Over the long term, the creation of new bitcoins happens at right around every 10 minutes, regardless of the price.
Pictures not working...
The pictures are normal, but times have changed, and maybe those pictures are useless.They aren't useless, they are only slightly off.
Well for now they are slightly off, but they might as well become useless if market stays as unstable as it was a couple of months.
Pictures not working...
The pictures are normal, but times have changed, and maybe those pictures are useless.They aren't useless, they are only slightly off.
Pictures not working...
The pictures are normal, but times have changed, and maybe those pictures are useless.
If other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin that makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction of the virtual currency supply because it happens every 4 years, every 10 minutes there will be a reduction in the amount of Bitcoin to half.
Forgive my ignorance here, but I'm not sure I understand this graph. I'm not a math genius or economics genius, but I thought inflation was a rise in prices due to an increase in the money, which is obviously not what we see graphed here. How is inflation defined in this graph?
Inflation in this case is the increase in the supply of money (sometimes called money supply inflation).
At the point where the graph indicates 10% it means the money supply is growing at 10% annualized rate at that point in time.
It is sometimes useful for people to be specific (price inflation vs money supply inflation). Obviously both "sides" believe their definition of inflation is the right one but it always leads to confusion and/or fights. If everyone simply used the terms price inflation or money supply inflation it would always be clear.
The coin will be issued less and less; hence, this will lead to deflation.
Nice pictures, but old stuff. Why are people still commenting this post of already several years ago? Without saying anything substantial by the way? Isn't that necroposting?
The charts could be updated to account for not perfect 10 minute blocks over time, but they're still relevant. It's a pinned post, so it gets a lot of traffic, unfortunately including bots using it to increase their post count.
Chart can view the information but more graph for more explorer
Nice pictures, but old stuff. Why are people still commenting this post of already several years ago? Without saying anything substantial by the way? Isn't that necroposting?
More graph for more explanation
Mainstream yes, but huge profitable business no) Profit is always on uncertainty!
If the currency is stable enough, that you can use it without worrying about exchange rate shocks, so why not? There is a project called Nebula Network (I recommend you read about it)
Cryptocurrency which with time aims to be rock stable as through having an emission mechanism tied to providing tangible resources. I wonder if this is the future of the world of cryptocurrencies..
Mainstream yes, but huge profitable business no) Profit is always on uncertainty!
It depends how you would like to use them. if you want to make cryptocurrency used mainstreamly, it should be stable
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