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Title: In 30 days, 1/3rd of all the bitcoins there will ever be...will be mined. Post by: nazgulnarsil on July 10, 2011, 12:25:14 AM I think we won't hit an inflection point until the reward halving AFTER next. When 16.5 million coins exist and the reward goes to 1800/day. At that point yearly inflation will be under 4%. From a purely monetary perspective from that point on bitcoin can only outperform fiat currencies. Real world (buying power) performance of course relies on many things.
Title: Re: In 30 days, 1/3rd of all the bitcoins there will ever be...will be mined. Post by: kloinko1n on July 10, 2011, 05:40:44 PM I think we won't hit an inflection point until the reward halving AFTER next. When 16.5 million coins exist and the reward goes to 1800/day. At that point yearly inflation will be under 4%. Would you mind proving your statement with a calculation?Quote From a purely monetary perspective from that point on bitcoin can only outperform fiat currencies. Real world (buying power) performance of course relies on many things. Define 'outperform'...I think you're thinking a bit too narrow in terms and paradigms of 'conventional' econometry. With bitcoins we have since their creation seen a very high 'inflation', if defined as increase in coins in circulation, together with a very large and steady increase in value with respect to other currencies and commodities. Where else has this ever occurred? Title: Re: In 30 days, 1/3rd of all the bitcoins there will ever be...will be mined. Post by: OgNasty on July 10, 2011, 06:11:01 PM Where else has this ever occurred? That's the exciting part. Title: Re: In 30 days, 1/3rd of all the bitcoins there will ever be...will be mined. Post by: nazgulnarsil on July 11, 2011, 12:04:16 AM I think we won't hit an inflection point until the reward halving AFTER next. When 16.5 million coins exist and the reward goes to 1800/day. At that point yearly inflation will be under 4%. Would you mind proving your statement with a calculation?Quote From a purely monetary perspective from that point on bitcoin can only outperform fiat currencies. Real world (buying power) performance of course relies on many things. Define 'outperform'...I think you're thinking a bit too narrow in terms and paradigms of 'conventional' econometry. With bitcoins we have since their creation seen a very high 'inflation', if defined as increase in coins in circulation, together with a very large and steady increase in value with respect to other currencies and commodities. Where else has this ever occurred? predictions about monetary supply effects are generally qualitative and not quantitative. |