Topic: Terminology - page 22. (Read 79788 times)
Thanks for the helpful thread
txh, great post
Good effort indeed! I think this will be very helpful to a lot of newcomers and I urge all of them to read through it. It does get tiring reading through forums where people don't know what they're talking about.
Thank you, this is very helpful
good Yogi ^^
Great info.
Yea, I appreciate this, but I want to post in the ripple forum post. Also, I was surprised I got logged off after an hour or so. Then I had to reset my pw. Strange, but glad I'M BACK!
Thank you. But to be honest, this post is merely to get out of the newbie penalty box.
Very helpful - thanks!
thanks
thanks for this.
Wire transfer is an international expedited bank-to-bank funds transfer.
I agree. I don't know if bitcoin should be described as deflationary or not, but it often is. Maybe this would be a good topic for a thread, as I would be interested to hear other peoples opinions on this.
Bitcoin is inflationary. The money supply is increasing every ten minutes. What you are seeing in the price run-up is not deflation of the currency. It is the value of the currency increasing.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
It's my understanding that deflation is a decline in the general price levels of goods and services, relative to a specific measure. Although money supplied can affect deflation, it's not how it's measured.
But to say "Bitcoin is deflationary" doesn't make a lot of sense. By your measure, there have been periods when Bitcoin has been deflationary, and there have been periods when Bitcoin has been inflationary, by your definition. So if you are talking about past history, then the statement is at best only "sometimes right" (therefore wrong, as a blanket statement).
The fact is that there is a certain amount of inflation (of the money supply) designed into bitcoin (as shown here: https://bitcointalksearch.org/topic/chart-bitcoin-inflation-vs-time-130619 ). Whether the "steady state" of Bitcoin is inflationary or deflationary is yet to be seen - as it isn't near 100% adoption, and isn't near 100% distributed. Current money supply inflation is about 10%. We could begin a 6-month inflationary period tomorrow - who knows!
Bitcoin is inflationary. The money supply is increasing every ten minutes. What you are seeing in the price run-up is not deflation of the currency. It is the value of the currency increasing.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
It's my understanding that deflation is a decline in the general price levels of goods and services, relative to a specific measure. Although money supplied can affect deflation, it's not how it's measured.
I think this is confusing:
definition of Deflation:
The opposite of inflation, deflation is defined as a sustained decrease in the general level of prices for goods and services. It is measured as an annual percentage decrease. Currencies which are subject to deflation, such as the bitcoin, are described as being deflationary. As deflation rises, every bitcoin you own buys a larger percentage of goods and service.
Bitcoin is inflationary. The money supply is increasing every ten minutes. What you are seeing in the price run-up is not deflation of the currency. It is the value of the currency increasing.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
definition of Deflation:
The opposite of inflation, deflation is defined as a sustained decrease in the general level of prices for goods and services. It is measured as an annual percentage decrease. Currencies which are subject to deflation, such as the bitcoin, are described as being deflationary. As deflation rises, every bitcoin you own buys a larger percentage of goods and service.
Bitcoin is inflationary. The money supply is increasing every ten minutes. What you are seeing in the price run-up is not deflation of the currency. It is the value of the currency increasing.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
Nice list, very useful!
Thanks for that
Great thread.
What does the term 'slippage' mean in this post?
I'm guessing it means transaction fees or time delay?
I'm guessing it means transaction fees or time delay?
Hi bubblesort,
I have added the following to the list;
Quote from: Terminology
'Slippage'
The difference between expected price and the price actually paid. Slippage often results when large trades are executed in a market with poor liquidity.
(See - Wiki: Slippage)
The difference between expected price and the price actually paid. Slippage often results when large trades are executed in a market with poor liquidity.
(See - Wiki: Slippage)
Thank you,
Thanks!
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