Topic: What about the idea of an inflationary bitcoin? (Read 3181 times)
same as other types of currency, cryptocurrency also must have a value of inflation, inflation occurs when bitcoin compared with other currencies, inflation also depends on market demand, if the market demand for many bitcoin then inflation will go down, and vice versa when demand is low, inflation will rise ...
If the inflation is mathematically defined, it will only make it more difficult to calculate. There is no point in it.
Inflation has a positive impact and negative effects, depending on whether or not severe inflation. If inflation was mild, it has a positive effect in terms of stimulating the economy could be better, ie increases the national income and get people excited to work, saving and investment holding.Conversely, in a period of severe inflation, which in the event of uncontrolled inflation (hyperinflation), the state of the economy became chaotic and felt sluggish economy. People are not excited about working, saving, or investments and production because prices are rising rapidly. The fixed-income recipients such as civil servants or private employees and workers will also be overwhelmed bear and offset the price so that their lives become increasingly slipped and fell from time to time.
You didn't get it. It can only have effect if some actors does not understand it, or nobody knows because it is unknown in advance.
Anyway, there are effects of inflation, but they are always bad. The one thing that the inflationists never think about (or talk about), is cementing the capital structure, making everybody poorer.
Well there's definitely lots of coins being mined everyday and thus the supply is inflating. I'm not really sure where the 'deflationary' label came from exactly. It will be deflationary in 2140 or whatever when blocks stop giving rewards. If it's ever around by then.
Yeah, a lot of myths and misconceptions are touted around. People believe what they like to believe, but reality sets in, sooner or later.
If the inflation is mathematically defined, it will only make it more difficult to calculate. There is no point in it.
Inflation has a positive impact and negative effects, depending on whether or not severe inflation. If inflation was mild, it has a positive effect in terms of stimulating the economy could be better, ie increases the national income and get people excited to work, saving and investment holding.Conversely, in a period of severe inflation, which in the event of uncontrolled inflation (hyperinflation), the state of the economy became chaotic and felt sluggish economy. People are not excited about working, saving, or investments and production because prices are rising rapidly. The fixed-income recipients such as civil servants or private employees and workers will also be overwhelmed bear and offset the price so that their lives become increasingly slipped and fell from time to time.
The MSM says that bitcoin is deflationary because the people who hold bitcoin generally believe that the value will rise over time, preventing them from wanting to engage in trades for goods/services for their bitcoin
We can generalize that statement as "Demand for Bitcoin exceeds/exceeded supply of newly mined Bitcoins, it can/could be considered as deflationary".
Technically it's not, but it all comes down to demand and supply, which one is greater at a given moment of time. Price stablity means they are about equal.
With Overstock, Newegg, Tigerdirect coming on board there is more engagement in trading bitcoins for goods and services, which adds to the circulating supply of Bitcoins on the market.
The MSM says that bitcoin is deflationary because the people who hold bitcoin generally believe that the value will rise over time, preventing them from wanting to engage in trades for goods/services for their bitcoin
We can generalize that statement as "Demand for Bitcoin exceeds/exceeded supply of newly mined Bitcoins, it can/could be considered as deflationary".
Technically it's not, but it all comes down to demand and supply, which one is greater at a given moment of time. Price stablity means they are about equal.
With Overstock, Newegg, Tigerdirect coming on board there is more engagement in trading bitcoins for goods and services, which adds to the circulating supply of Bitcoins on the market.
Well there's definitely lots of coins being mined everyday and thus the supply is inflating. I'm not really sure where the 'deflationary' label came from exactly. It will be deflationary in 2140 or whatever when blocks stop giving rewards. If it's ever around by then.
Yeah, a lot of myths and misconceptions are touted around. People believe what they like to believe, but reality sets in, sooner or later.
Well there's definitely lots of coins being mined everyday and thus the supply is inflating. I'm not really sure where the 'deflationary' label came from exactly. It will be deflationary in 2140 or whatever when blocks stop giving rewards. If it's ever around by then.
Yeah, a lot of myths and misconceptions are touted around. People believe what they like to believe, but reality sets in, sooner or later.
sr. member
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Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
I read somewhere thatbitcoin inflates at 6% until all coins are mined. Don't know if its correct
The amount of new coins mined per day via the block subsidy is fixed 3,600 BTC per day, however the total amount of coins in circulation will increase every day, so the inflation rate, as a percentage will shrink as the number of new coins, as a percentage of total coins decreases. The inflation rate will also drop by 50% every time the block subsidy is halved.
Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
I read somewhere thatbitcoin inflates at 6% until all coins are mined. Don't know if its correct
Well there's definitely lots of coins being mined everyday and thus the supply is inflating. I'm not really sure where the 'deflationary' label came from exactly. It will be deflationary in 2140 or whatever when blocks stop giving rewards. If it's ever around by then.
Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
I read somewhere thatbitcoin inflates at 6% until all coins are mined. Don't know if its correct
Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
It's already inflationary
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Yeah, and no matter the amount of bitcoins created everyday, it doesnt affect the price, there you can know how stable bitcoin price is.
Was it sarcasm (about how stable bitcoin price is)?
Price is determined by both supply and demand. So the number of newly minted (mined) coins that go into bitcoin market does necessarily influence its exchange rate. The main question here is what part of the created bitcoins changes hands on bitcoin exchanges. There was a thread somewhere around here where the OP tried to statistically estimate this share and how price is affected by new bitcoins.
legendary
Activity: 2884
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This is called dogecoin. So far the jury is still out. However, I like bitcoin's deflationary aspect.
True doge has a really large minting so it doesn't help it in that sense
But your right more or less the jury is still out on that
Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
It's already inflationary
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Yeah, and no matter the amount of bitcoins created everyday, it doesnt affect the price, there you can know how stable bitcoin price is.
This is called dogecoin. So far the jury is still out. However, I like bitcoin's deflationary aspect.
It's already inflationary
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Yeah, and no matter the amount of bitcoins created everyday, it doesnt affect the price, there you can know how stable bitcoin price is.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
It's already inflationary
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Controlled supply until 2100 + so you don't really need to worry about it being deflationary in our lifetime
But Danny has a point it depends how people will perceive a decreasing Bitcoin supply
Bitcoin will be a heck of inflationary for the next 5 years as is.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.
This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
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