The Neo-Fisherian Proposition Bitcoin ..
http://www.infogado.gq/2015/12/the-neo-fisherian-proposition-bitcoin.html
Topic: [CHART] Bitcoin Inflation vs. Time - page 28. (Read 1198091 times)
It is far from a meaningless metric.
The more transactions there are, the more exchange is there within the economy.
This is a fallacy. Transactions simply represent money moving between addresses. They do not represent money moving between people. And in particular they do not imply trades of bitcoins for goods or services. I can shift money back and forth between two addresses all day long and pump up the transaction count, but I wouldn't be doing anything for the Bitcoin economy.The more transactions there are, the more exchange is there within the economy.
Isn't it safe to say that most of the increase in transactions is not from people moving their coins to an address they already own? If not, please show data that proves me wrong.
Still there will be a time when Mining will be stop and the only choice to get BitCoin is by buying and trading.
Actually it will let you think if that will make the price increase or decrease but most probably it will depend on the investors
Actually it will let you think if that will make the price increase or decrease but most probably it will depend on the investors
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.
I guess people tend to sometimes forget we're not going to see a viable 'non inflationary' bitcoin model for a long time to come..
Still there will be a time when Mining will be stop and the only choice to get BitCoin is by buying and trading.
Actually it will let you think if that will make the price increase or decrease but most probably it will depend on the investors
Actually it will let you think if that will make the price increase or decrease but most probably it will depend on the investors
I think that inflation of bitcoin, not behave as all money... bitcoin, not used for for basic products (food and basic necessities) then, inflation now not exist, exist only speculation that determine price
My only fear about bitcoin is about what will happen when the 21 millions of coins be mined and miners only get fees, or the price of bitcoin will be ultra-high or will not be economicly to mine
That will be in 80-90 years, you wont live to see that
And if bitcoin exists until then, then the price of it will be so big, that transaction fee profits will be bigger than the current 25 BTC reward.
My only fear about bitcoin is about what will happen when the 21 millions of coins be mined and miners only get fees, or the price of bitcoin will be ultra-high or will not be economicly to mine
Another 2 weeks passed, inflation down only 0.01%, it is decreasing very slowly. It would be nice to modify the mining algo and set the halving dates farther.
Leave inflation and the mining algorithm alone.
They are set and no one must change them.
Any change tot he mining algorithm would spell the end of the bitcoin experiment.
It will not happen, because any group willing to change the algorithm to its own benefit is in the minority.
1) Inflation will fall next year to 4.5%/year. and in 2020 it will fall to 2%/year
2) the slow fall of inflation allow the miners the time to adapt to the reduction of coinbase reward with an increase of the number of transaction fees.
Another 2 weeks passed, inflation down only 0.01%, it is decreasing very slowly. It would be nice to modify the mining algo and set the halving dates farther.
We are looking forward to 2030+ for "no inflation"... 
It's nice to have something to look forward to in the future.
But what if time stops before 2030+? Wouldn't it be much nicer if there'll be "no inflation" now rather than in the future?
Another week has passed:
We are below 9.9% inflation rate finally, monerarily.
However the price has shrunk a bit too, as the market cap lost 500m $ in speculation.
The mining has really improved since the past 2 weeks, but dropped this week, those greedy miners are mining now that price went up.
We are below 9.9% inflation rate finally, monerarily.
However the price has shrunk a bit too, as the market cap lost 500m $ in speculation.
The mining has really improved since the past 2 weeks, but dropped this week, those greedy miners are mining now that price went up.
Super interesting, thank you for sharing!
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.
Thats very complex information for most of us to understand. maybe you could have simplified it or explained further. Forgive my ignorance too
Another week has passed by,another chart:
I can show you a chart every week, to keep track of the inflation. It has went down from 9.94 to 9.91
So -0.03% inflation rate change since last post. The price inflation is way down as the price is way up.
But i`m an austrian school economist so I regard the monetary inflation the true inflation.
I can show you a chart every week, to keep track of the inflation. It has went down from 9.94 to 9.91
So -0.03% inflation rate change since last post. The price inflation is way down as the price is way up.
But i`m an austrian school economist so I regard the monetary inflation the true inflation.
Rate of bitcoins is not same always, it keeps on changing in a few days and even sometimes many times in a day. Inflation of deflation of Btc rate is important because of these reasons.
(1) As time is progressing, worlds economy and economic development and condition is also progressing, hence btc should be running parallel to it.
(2) Inflation and deflation in rates is also important for increasing people's profits as of course people won't use bitcoins much if there's no profit. So, inflation with time is important and necessary.
(1) As time is progressing, worlds economy and economic development and condition is also progressing, hence btc should be running parallel to it.
(2) Inflation and deflation in rates is also important for increasing people's profits as of course people won't use bitcoins much if there's no profit. So, inflation with time is important and necessary.
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.
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.
Keynesianists like to hide their ponzi scheme by highlighting price inflation isnt it?
In bitcoin its hard to calculate price inflation, and I think, its mostly price deflation going on, due to the rapid acceleration of services, big competition and price increase of bitcoin.
I dont know many examples, but look at faucet payouts and advertising costs and signature campaign, these 3 prices have been constantly going down, so we have price deflation and monetary inflation in bitcoin (but they are not causing eachother).
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.
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.
Nice chart, indeed this has nothing to do with price inflation but let's hope there is some correlation
Guess we'll see when the block reward halves.
Guess we'll see when the block reward halves.
1 week has passed and inflation is only down 0.02%, slow and steady but its going down
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