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Title: What do you think will happen to the price when the blocks drop to 25 coins each Post by: joulesbeef on July 21, 2011, 09:40:59 PM So much short term speculation.
Right now we product about 100k new coins every 2 weeks. so far the price has handled it well. There might be a slow decline but it really isnt bad considering inflation. Sometime next year we are scheduled to have the blocks drop from 50 per found block to 25, making us only create 50k coins every 2 weeks. now that is pretty far away and their is a lot of coins between now and then. Do you think price will hold above $10 between now and then baring the unknown. Think it will start to rise steadily then? or will interest have dropped off so much that we cant even support 50k new coins every 2 weeks? and yeah I know this is nearly a meaningless exercise, like predicting the weather next may 7th. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: notme on July 21, 2011, 09:51:33 PM and yeah I know this is nearly a meaningless exercise, like predicting the weather next may 7th. In the north east United States, it will be between 50 and 73 degrees Fahrenheit. I can't narrow it down more than that until the 2012 farmers almanac comes out. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: OgNasty on July 21, 2011, 10:19:24 PM I think if it's still around, it will be doing very well.
Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: evoorhees on July 22, 2011, 02:10:06 AM By the time the reward has dropped to 25 btc, one of these scenarios will be true:
1) Bitcoin will have crashed, costing less than $1/each. No real interest in it. Doomed to die. 2) Bitcoin will be trading over $100/each, and vendors will be scrambling to accept it. It'll be on Time Magazine's cover. In the latter case, the transfer fees will vastly overshadow the 25btc reduction, so blocks will actually be worth more than they are now. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 22, 2011, 02:21:19 AM It likely won't change
Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Piper67 on July 22, 2011, 02:25:21 AM It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Doesn't the total supply remain constant, and the difficulty corrects for the number of miners? Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 22, 2011, 02:29:00 AM It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Doesn't the total supply remain constant, and the difficulty corrects for the number of miners? Yes, supply is constant, until block reward is dropped. 6 blocks per hour, ~300 coins. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: joulesbeef on July 22, 2011, 02:38:37 AM Quote http://www.federalreserve.gov/releases/h6/current/ and with namecoins they dont seem to understand that massive new supply = lower price Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 22, 2011, 02:25:43 PM It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Doesn't the total supply remain constant, and the difficulty corrects for the number of miners? Yes, supply is constant, until block reward is dropped. 6 blocks per hour, ~300 coins. The supply is constant but they are being generated much slower Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 03:00:11 PM What does 'baring the unknown' mean? Discounting unknown variables, NOTHING can be predicted. I'm not claiming the gist of your question is invalid, but these two sentences are:
Do you think price will hold above $10 between now and then baring the unknown....nearly a meaningless exercise, like predicting the weather next may 7th We can expect the inflation rate to be immediately halved about 18 months from now. The annual inflation rate is above 25% today (based on my back of the napkin estimates below) and will instantly drop to about 11% (annually) in some hour after Christmas 2012. While this could produce an immediate 'shock' releasing selling pressure, it is predictable and represents a smaller average inflationary deceleration than we've seen over the course of all previous years. All things being equal (and blind), prices should immediately rise. However, miners do not sell immediately after producing coins and demand (traditionally) has far outstripped supply. Some sophisticated graphics might demonstrate a statistically significant increase in prices months after the event, but frankly, I don't think anyone's eyeballs will notice. It is worth noting for giggles that 21 December, 2012 is the Gregorian date that the Mayan calendar will enter a new b'ak'tun (394 year cycle). Annual Inflation rates (estimated from first day of each year, please correct me) 52500 x 50.0 =100.0% 2009 52500 x 50.0 = 50.0% 2010 52500 x 50.0 = 33.3% 2011 52500 x 50.0 = 25.0% 2012 52500 x 25.0 = 11.1% 2013 <--- Dec/January 52500 x 25.0 = 10.0% 2014 52500 x 25.0 = 9.1% 2015 52500 x 25.0 = 8.3% 2016 52500 x 12.5 = 4.0% 2017 52500 x 12.5 = 3.8% 2018 52500 x 12.5 = 3.7% 2019 52500 x 12.5 = 3.6% 2020 Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 22, 2011, 03:01:56 PM It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Doesn't the total supply remain constant, and the difficulty corrects for the number of miners? Yes, supply is constant, until block reward is dropped. 6 blocks per hour, ~300 coins. The supply is constant but they are being generated much slower You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 03:07:21 PM You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. I can't tell who's saying what. But as I read the code, the average block generation rate is expected to remain constant for ever, however the amount of coins generated per block is not meant to remain constant but rather halve every four years. Dynamics of difficulty, hashing power, demand, and price are symptoms of the algorithm. Supply is predictable but will be reduced periodically by design. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Xephan on July 22, 2011, 03:13:52 PM You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. Netrin is correct, the number of BLOCKs is targeted to be constant at about 6/hr. Difficulty only adjusts for blocks per hour. So when the block reward drops to 25BTC, the supply of coin will drop corresponding because it would be 6 blocks /hr x 25. If 90% of people stop mining and difficulty drops to the floor, it will STILL be 6 blocks x 25 BTC per hour at that point. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 22, 2011, 03:42:42 PM You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. Netrin is correct, the number of BLOCKs is targeted to be constant at about 6/hr. Difficulty only adjusts for blocks per hour. So when the block reward drops to 25BTC, the supply of coin will drop corresponding because it would be 6 blocks /hr x 25. If 90% of people stop mining and difficulty drops to the floor, it will STILL be 6 blocks x 25 BTC per hour at that point. Yes, but he's saying he's seeing a drop in coin generation NOW, when there are 50 coins per block. My apologies If I wasn't clear. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 03:59:22 PM You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. Netrin is correct, the number of BLOCKs is targeted to be constant at about 6/hr. Difficulty only adjusts for blocks per hour. So when the block reward drops to 25BTC, the supply of coin will drop corresponding because it would be 6 blocks /hr x 25. If 90% of people stop mining and difficulty drops to the floor, it will STILL be 6 blocks x 25 BTC per hour at that point. Yes, but he's saying he's seeing a drop in coin generation NOW, when there are 50 coins per block. My apologies If I wasn't clear. Right. When we talk about 'averages' and 'constant' we have to be discussing annual or monthly rates, certainly nothing less than two week. The difficulty is adjusted every 2016 blocks, which is expected to be every two weeks. If the block generation rate is say 12 blocks/hour, then the difficulty will be (at most) doubled* in the next two weeks. Miners might decide a doubled difficulty is no longer profitable, so they stop mining, which makes the rate go below expectation, perhaps 3 blocks/hour. * In actuality, the new rate is not a pure function of previous rate, but rather a moving average, weighted standard deviation, and a special sauce. The difficulty adjustments are less extreme and should smooth out over the long run. Perhaps the algorithm will be tweaked at some planned time well in to the future, though if so, it should be planned soon before we get a lot of new client/miner forks in the ecosystem. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: istar on July 22, 2011, 04:24:21 PM The time before the price will probably increase because buyers will expect the price to increase and start buying and miners will hold for the coming price increase, to sell at a higher price.
Once the difficulty does increase, there will be huge sell offs so the price might acctually drop at first instead of rise, this will make even more sell in panic, since they will be taken by the drop when they expected an increase. Once this settles price will start to increase over the months. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: bitrick on July 22, 2011, 06:54:14 PM Annual Inflation rates (estimated from first day of each year, please correct me) 52500 x 50.0 =100.0% 2009 52500 x 50.0 = 50.0% 2010 52500 x 50.0 = 33.3% 2011 52500 x 50.0 = 25.0% 2012 52500 x 25.0 = 11.1% 2013 <--- Dec/January 52500 x 25.0 = 10.0% 2014 52500 x 25.0 = 9.1% 2015 52500 x 25.0 = 8.3% 2016 52500 x 12.5 = 4.0% 2017 52500 x 12.5 = 3.8% 2018 52500 x 12.5 = 3.7% 2019 52500 x 12.5 = 3.6% 2020 Those numbers are close, but I think you may be off by one year:
Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 07:05:42 PM Annual Inflation rates (estimated from first day of each year, please correct me) 52500 x 50.0 =100.0% 2009 52500 x 50.0 = 50.0% 2010 ... Those numbers are close, but I think you may be off by one year:
Ah yes of course 0 ⇒ X is ∞. Thanks! Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 07:17:41 PM The time before the price will probably increase because buyers will expect the price to increase and start buying and miners will hold for the coming price increase, to sell at a higher price. Once the difficulty does increase, there will be huge sell offs so the price might acctually drop at first instead of rise, this will make even more sell in panic, since they will be taken by the drop when they expected an increase. Once this settles price will start to increase over the months. Having predicted this, you will buy even earlier, sell before the peak, buy again above the bear trap and hope that no one will notice the fundamental change underneath. The lesser fool will create artificial/conscious volatility to demonstrate us all wrong and make a killing when we begin to doubt our predictions. The weather, by the way, next may 7th will be 20 C, cloudy, with a chance of rain somewhere. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 22, 2011, 07:22:19 PM I think you are still off Strictly speaking, yes: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" http://blockexplorer.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f Hash: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f Time: 2009-01-03 18:15:05 Difficulty: 1 ("Bits": 1d00ffff) Transactions: 1 Total BTC: 50 Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 23, 2011, 12:47:53 AM It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. Doesn't the total supply remain constant, and the difficulty corrects for the number of miners? Yes, supply is constant, until block reward is dropped. 6 blocks per hour, ~300 coins. The supply is constant but they are being generated much slower You're joking, right? the system adjusts difficulty so that there is always ~300 coins every hour. If you are seeing 'slower' generation, it's because the number of miners, and thus the difficulty, is higher, and your share of the total hashing power, is lower. Learn2math. No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 23, 2011, 12:56:07 AM No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Ah. so you're an idiot. More miners, same supply... less per miner. Once again, learn2math. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: joulesbeef on July 23, 2011, 12:59:29 AM you can see the rate of new blocks being found on bitcoin charts (http://bitcoincharts.com/markets/)
it is currently 6.63 it is harder for the individual to mine.. slower, due to the higher difficulty but that is due to more users, so we remain constant at 100,000 coins every 11-15 days right now we are 6.63 blocks an hour so difficulty will go up again, to slow us all down. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Shinobi on July 23, 2011, 02:35:00 AM That was funny!
No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Ah. so you're an idiot. More miners, same supply... less per miner. Once again, learn2math. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 24, 2011, 03:00:32 AM No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Ah. so you're an idiot. More miners, same supply... less per miner. Once again, learn2math. Ah, so you're an idiot. Difficulty went up, you make less per day. Sigh. Go here: http://www.alloscomp.com/bitcoin/calculator.php Enter difficulty 10,000 and hash rate 10 =1.01 BTC/day Enter difficulty 20,000 and hash rate 10 =0.5 BTC/day There is your proof you cannot deny that Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Xephan on July 24, 2011, 03:27:08 AM Ah, so you're an idiot. Difficulty went up, you make less per day. Sigh. Go here: http://www.alloscomp.com/bitcoin/calculator.php Enter difficulty 10,000 and hash rate 10 =1.01 BTC/day Enter difficulty 20,000 and hash rate 10 =0.5 BTC/day There is your proof you cannot deny that You're embarrassing yourself here man. Difficulty only increases because total hashing power increases. This can only happen when total miners x average hash power increases. Total Miners: 1000, Average Hash Rate 10, Difficulty 10000 = 1 BTC / day PER MINER, Total Network BTC = 1000 x 1 = 1000 BTC Total Miners: 2000, Average Hash Rate 10, Difficulty 20000 = 0.5 BTC / day PER MINER Total Network BTC = 2000 x 0.5 = 1000 BTC Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: notme on July 24, 2011, 03:34:12 AM Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally.
Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Xephan on July 24, 2011, 03:42:05 AM Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally. The problem here is that his original point is that the supply has dwindled which isn't the case. He was confusing his personal BTC/hashrate with total supply. The key part of his original statement was this Quote At the current difficulty the supply of mined bitcoins has dwindled waaaay down Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: notme on July 24, 2011, 03:58:22 AM That statement is indeed incorrect.
Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 24, 2011, 04:02:26 AM No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Ah. so you're an idiot. More miners, same supply... less per miner. Once again, learn2math. Ah, so you're an idiot. Difficulty went up, you make less per day. It must take a lot of work to be as stupid as you are. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 24, 2011, 04:03:00 AM Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally. The problem here is that his original point is that the supply has dwindled which isn't the case. He was confusing his personal BTC/hashrate with total supply. The key part of his original statement was this Quote At the current difficulty the supply of mined bitcoins has dwindled waaaay down BTC generated per person declines... Which I just explained... Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 24, 2011, 04:03:48 AM No, I'm not joking. At one point I could make 3 BTC a day. Now it's 0.5 BTC a day. Difficulty is up and coins are being produced 6x slower. Use a bitcoin mining profitability calculator, it will give you the same data... Ah. so you're an idiot. More miners, same supply... less per miner. Once again, learn2math. Ah, so you're an idiot. Difficulty went up, you make less per day. It must take a lot of work to be as stupid as you are. Do you not get it? Did you even bother to look at the link? And enter the data I just provided? And yet I am the stupid one in this situation? How old are you? Edit: I also provided statistical proof that you can't deny. What proof have you? Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 24, 2011, 04:18:33 AM Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally. The problem here is that his original point is that the supply has dwindled which isn't the case. He was confusing his personal BTC/hashrate with total supply. The key part of his original statement was this Quote At the current difficulty the supply of mined bitcoins has dwindled waaaay down BTC generated per person declines... Which I just explained... But there are more miners... and the rate of generation is constant... So there's still the same number of coins going on the market... and you're still a moron... Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: error on July 24, 2011, 04:18:53 AM Just what exactly are you two disagreeing about?!
Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 24, 2011, 05:07:27 AM Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally. The problem here is that his original point is that the supply has dwindled which isn't the case. He was confusing his personal BTC/hashrate with total supply. The key part of his original statement was this Quote At the current difficulty the supply of mined bitcoins has dwindled waaaay down BTC generated per person declines... Which I just explained... But there are more miners... and the rate of generation is constant... So there's still the same number of coins going on the market... and you're still a moron... At this point I feel that you are just throwing random insults at me Not once have you provided any evidence, and I have provided statistical evidence that proves higher difficulty = less BTC Just admit you have no idea what you are talking about, since evidently you are denying the nature of Bitcoin itself, and we can be done with this discussion. Edit: In case you still don't understand... On 6/7/2011 the difficulty was 567358 and I generated 1.29 BTC that day, worth $23.1 each (total $30 that day) Yesterday, at the currenty difficulty I generated 0.49 BTC, worth the current market price (total $6.8 yesterday) I don't know how to make it any more clear. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: kiwiasian on July 24, 2011, 05:10:38 AM Just what exactly are you two disagreeing about?! I'm claiming that the difficulty went up so each miner generates less bitcoins (lesser supply per person) and thus the price per bitcoin should go up. I don't know what he is claiming, other than the fact I'm an stupid idiot and a moron. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: myrkul on July 24, 2011, 05:20:42 AM Just what exactly are you two disagreeing about?! I'm claiming that the difficulty went up so each miner generates less bitcoins (lesser supply per person) and thus the price per bitcoin should go up. I don't know what he is claiming, other than the fact I'm an stupid idiot and a moron. Close. I'm also claiming you have exactly 0 knowledge of the most basic economic principles. Price is based on total supply compared to total demand. Total supply is relatively constant, and will remain so until the reward drops. ~300/hour. Price will go up only if demand increases, not simply from your desire to make the same amount of money. Sorry if this is disappointing. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: joulesbeef on July 24, 2011, 05:25:14 AM I had intended this to be a fun and mostly meaningless discussion.
I think yall are arguing about two different things. Personal rates of bitcoins change with difficulty. global rates try to stay the same with difficulty which is it' entire purpose. when the blocks reduce to 25 bitcoin each, global rates will be cut in half and so will individual miners rates. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: Xephan on July 24, 2011, 05:56:53 AM BTC generated per person declines... Which I just explained... Unfortunately that's not what your initial statement is about. It likely won't change Current investors don't seem to understand less supply = higher price At the current difficulty the supply of mined bitcoins has dwindled waaaay down and yet the price has been more or less the same or just going down...when it gets reduced to 25 BTC I doubt anyone is going to pay attention. So all miners are screwed. You see, you were talking about investors and higher prices. Basic economics and common sense here, investors make judgements based on the total market. They are not going to care if 1 person can only make 1 unit if the whole market is making ten thousands of units. So supply in this context can only refer to total market supply. So either you don't know enough economics to know what supply means, or you misunderstood how bitcoin generation works or both. Title: Re: What do you think will happen to the price when the blocks drop to 25 coins each Post by: netrin on July 25, 2011, 04:41:28 PM I had intended this to be a fun and mostly meaningless discussion. Hey joulesbeef, I received a meaningful inflation chart out of this discussion. I'm a satisfied poster. :)
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