[CHART] Bitcoin Inflation vs. Time - page 27.

mmortal03

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Quote from: DannyHamilton on March 14, 2016, 03:36:12 PM

Quote from: mmortal03 on March 14, 2016, 03:05:43 PM

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined.

That's been true since the day bitcoin started.

The largest ever increase in bitcoin in a year was less than 3 million bitcoin.

In the month between December 2015 and January 2016 the US dollar supply increased by more than 80 billion dollars.

Yeah, I think you have to compare them in like units, or do it on a percentage basis. In other words, those 3 million bitcoins are currently worth $416 each, so you can then extrapolate in USD terms what the effective rate has been over a given time period, or just compare the dollar for dollar amount (which, of course, in that time period, is still less than the 80 billion dollars in current dollar terms).

DannyHamilton

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Quote from: mmortal03 on March 14, 2016, 03:05:43 PM

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined.

That's been true since the day bitcoin started.

The largest ever increase in bitcoin in a year was less than 3 million bitcoin.

In the month between December 2015 and January 2016 the US dollar supply increased by more than 80 billion dollars.

mmortal03

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Quote from: Kingno.1 on March 13, 2016, 12:06:20 PM

Nobody cares about money supply except to the extent that it affects prices.

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined.

phreaky

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Quote from: marcus_of_augustus on March 13, 2016, 04:07:02 PM

Quote from: Kingno.1 on March 13, 2016, 12:06:20 PM

When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.

... and money supply always affects prices, it is the time delay that is unpredictable.

It takes a long time to increase the value. So we need patience and that is very important in Bitcoin.
I hope more people will sell Bitcoin later with a high price and that they will get some profit of it.

marcus_of_augustus

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Quote from: Kingno.1 on March 13, 2016, 12:06:20 PM

When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.

... and money supply always affects prices, it is the time delay that is unpredictable.

Kingno.1

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When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.

AfricanBloke

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The problem is that inflation does not really affect the BTC price that much. Because it is so new it is undergoing rapid growth and use.

LMGTFY

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Quote from: noormcs5 on March 06, 2016, 09:47:36 AM

According to this chart, what will be the price
of bitcoin at the year end 2016 ?

It has time along one axis ("Year"), and inflation along the other ("Inflation rate (annualized)"). You can use the chart to find out what the inflation rate will be at the end of 2016, but you won't be able to use it to predict the price. For that you'd need a crystal ball.

mangox

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Quote

According to this chart, what will be the price
of bitcoin at the year end 2016 ?

50000usd+

noormcs5

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Leading Crypto Sports Betting & Casino Platform

According to this chart, what will be the price
of bitcoin at the year end 2016 ?

STT

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Quote from: painlord2k on January 22, 2016, 01:43:03 PM

Mining never stop.
Block reward will continue, but will increasingly be composed of fees and not of new coins.
In fact, the new coins will be half than today by July and the fees are increasing just now.

Just how much will the fees be to make up for no block reward. Isnt this the current debacle over block sizes because if its too small the fees are barely enough. I guess most global transactions like forex are not cheap, so it does seem possible to cut into this business

Ardixar

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I hate math and graphs but interesting point thanks for the information

xjukebox

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Nice Explanation,

painlord2k

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Quote from: mmortal03 on February 07, 2016, 07:21:38 PM

Quote from: painlord2k on February 07, 2016, 01:26:44 PM

I did.

No, your charts are great, I check them all the time. I was simply referring to the original charts of this thread, updated to account for the halving occurring sooner.

Nice to hear this.

Bagatell

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@ekoice If you aren't interested in how many coins you have, you are in the minority.

ekoice

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since it is related to maths and economics for which most of us are not very interested in but still i would say it is quite useful graph to understand the ratios of inflation with the passage of time.

mmortal03

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Quote from: painlord2k on February 07, 2016, 01:26:44 PM

I did.

No, your charts are great, I check them all the time. I was simply referring to the original charts of this thread, updated to account for the halving occurring sooner.

painlord2k

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Quote from: mmortal03 on February 03, 2016, 12:55:36 PM

Quote from: RealBitcoin on November 23, 2015, 11:13:43 PM

It would be nice to modify the mining algo and set the halving dates farther.

lol, you work on that.

Quote from: salinizm on February 03, 2016, 01:47:12 AM

thanks useful graphs.. i need such graphs. good job..

If you "need such graphs", keep in mind that these are out of date, and it's not helpful to quote the images of out of date charts. I thought someone had made updated charts to accommodate the earlier halving date, but I guess I'm misremembering that.

I did.

https://docs.google.com/spreadsheets/d/17Jjhd_nnfRJ9EyYuOM1ACPMwRod3hhPqRk4YQp7FIZE/pubhtml

https://docs.google.com/spreadsheets/d/1f0m9EWXcREeP1X3P9SjxEWNdc33S_hnL3cuU5zy2ZVI/pubhtml

The red lines are the actual bitcoin inflation over the past 52 weeks
The yellow lines are the present bitcoin weekly inflation projected for the next 52 weeks.

You can see the red line is always (apart a few short times) always over the yellow line.

mmortal03

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Quote from: RealBitcoin on November 23, 2015, 11:13:43 PM

It would be nice to modify the mining algo and set the halving dates farther.

lol, you work on that.

Quote from: salinizm on February 03, 2016, 01:47:12 AM

thanks useful graphs.. i need such graphs. good job..

If you "need such graphs", keep in mind that these are out of date, and it's not helpful to quote the images of out of date charts. I thought someone had made updated charts to accommodate the earlier halving date, but I guess I'm misremembering that.

salinizm

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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.

thanks useful graphs.. i need such graphs. good job..

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