[CHART] Bitcoin Inflation vs. Time - page 20.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: ?? on ??

The total amount of bitcoin is certain, how can inflation?

More bitcoins have been added/mined every day since it Bitcoin begun. That is inflating the supply of bitcoin in circulation. The supply will keep inflating until all 21 million bitcoins have been issued. Then the inflation will stop. Today there are approximately 16.518 million bitcoin that have been issued through mining.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: rjbtc2017 on August 16, 2017, 10:23:08 PM

Thank you for sharing this but does this graph really affect the economy of a certain country? or does this shows what will be the possible future of bitcoin? can someone explain it in a layman's term.

It is simply the schedule at which new bitcoins are issued over the years.

rjbtc2017

sr. member

Activity: 322

Merit: 252

Thank you for sharing this but does this graph really affect the economy of a certain country? or does this shows what will be the possible future of bitcoin? can someone explain it in a layman's term.

FUKT

sr. member

Activity: 446

Merit: 250

Quote from: megatrend66 on August 14, 2017, 06:19:13 PM

It is obvious that due to the type and construction of the Bitcoin system that there is no sustainable solution, without major upgrades and/or forks that can allow ten billion people use cryptocurrency in this form. That is why I think Ethereum and Tezos made a huge splash and other cryptocurrencies are bound to appear and accelerate the world towards crypto mining. So like it or not you are bound to switch your BTC to ETH sooner or later.

Actually bitcoin is dividable enough. If you divide $80T of bank deposits by 20M bitcoins, you get $4M per BTC, or $0.04 per Satoshi, and there is not much things around costing less than $0.04. The problem is how many people and for how long decide to convert their funds to BTC or any other altcoin for that matter, cause as of now bitcoins are hardly used even by 0.1% of world population.

Captimiz

full member

Activity: 130

Merit: 100

Hoqu.io – Decentralized Affiliate platform

Quote from: whitslack on December 13, 2012, 10:08:08 AM

A clarifying note: These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.

Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.

Bitcoin Inflation 4x3.pdf (8"×6") | Bitcoin Inflation.pdf (8½"×11")

Bitcoin Inflation logarithmic.pdf (8"×6")

Permission given to use and reproduce freely.

Are there any major disadvantages to having near 0 inflation?

megatrend66

newbie

Activity: 91

Merit: 0

It is obvious that due to the type and construction of the Bitcoin system that there is no sustainable solution, without major upgrades and/or forks that can allow ten billion people use cryptocurrency in this form. That is why I think Ethereum and Tezos made a huge splash and other cryptocurrencies are bound to appear and accelerate the world towards crypto mining. So like it or not you are bound to switch your BTC to ETH sooner or later.

FUKT

sr. member

Activity: 446

Merit: 250

Just do not keep all your money in crypto currencies and diversify with real staff (cause in case off massive self off their value will go to zero).

faithupgrade

sr. member

Activity: 475

Merit: 253

ARCS - A New World Token

Nice graph and math. I love economics but its a difficult subject. So Bitcoin coin rises and produce inflation because of Bitcoin holders?

po0h

jr. member

Activity: 57

Merit: 10

I think most people use bitcoin because it has existed for a long time, while bcc is new and not much demand, so in my opinion bitcoin is always on top among other coins

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: xYakult on August 01, 2017, 08:23:57 PM

Quote from: damnek on July 29, 2017, 12:32:45 PM

Hello from 2017. it's amazing that after 5 years here is still such a discussion.

True. But the graph is misleading tho. I hope someone can really post a graph that is explicitly explained and in layman's terms. That would be awesome tho.

Yeah I agree I hope someone on here can do that. It will really be beneficial to the users on here especially the newbies

xYakult

sr. member

Activity: 518

Merit: 258

Quote from: damnek on July 29, 2017, 12:32:45 PM

Hello from 2017. it's amazing that after 5 years here is still such a discussion.

True. But the graph is misleading tho. I hope someone can really post a graph that is explicitly explained and in layman's terms. That would be awesome tho.

damnek

hero member

Activity: 614

Merit: 500

Hello from 2017. it's amazing that after 5 years here is still such a discussion.

TheFriends

member

Activity: 182

Merit: 10

This is an essential point, because the real economy has many problems due to inflation generated by central banks and banks. After the crisis of 2007 the Fiat had a inflation.

The Fed doesn't even reveal the actual values.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: hgmichna on July 22, 2017, 11:16:21 AM

Once we have proved that cryptocurrencies do actually split, then who is to say when the next split will happen or when the next cryptocurrency will split?

This could be the end of the cryptocurrency experiment. Enjoy it while it lasts.

They may split, but it's very similar to creating another altcoin, the only difference being that such an altcoin uses the same transaction history. Otherwise, we've already had many such altcoins created. In my mind, the important issue isn't whether they will split, but, practically speaking what comes of that split economically?

hgmichna

hero member

Activity: 695

Merit: 500

Quote from: airseller on July 12, 2017, 03:03:04 PM

fair enough, but what about inflation through forks?

Currently my biggest fear. People here will argue that it is, economically judged, not inflation, but what the average person (and the journalist and the government and the bank) sees is that there are suddenly up to 42 million bitcoin, rather than 21 million.

And that is not the end of it. Once we have proved that cryptocurrencies do actually split, then who is to say when the next split will happen or when the next cryptocurrency will split?

This could be the end of the cryptocurrency experiment. Enjoy it while it lasts.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Walked_by on July 21, 2017, 04:32:47 PM

What do we do, when we won't be able to gather more bitcoins than? We will have gotten all bitcoins by the end of 2037, so what's next?

Transaction fees take over as the primary source of income to incentivise miners to secure the network.

Walked_by

member

Activity: 122

Merit: 10

What do we do, when we won't be able to gather more bitcoins than? We will have gotten all bitcoins by the end of 2037, so what's next?

Shofiqul

sr. member

Activity: 258

Merit: 258

What's more, this is the motivation behind why digital money will be the new driving type of cash later on, with bitcoins standing out! With expansion rates that way, and the swelling rate of the dollar, we are taking a gander at insane bitcoin esteems when changed over to USD in only the following 5-10 years! It's insane!

joann24

newbie

Activity: 1

Merit: 0

It is good know that the progress is doing well.. And im pretty sure this will last for a long period of time..

Chlen88

newbie

Activity: 34

Merit: 0

Quote from: evoorhees on December 13, 2012, 10:19:13 AM

Very nice

Yep, but i don't think so that we have reached the end of the supply chain.

Topic: [CHART] Bitcoin Inflation vs. Time - page 20. (Read 1216306 times)