Obdity
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April 09, 2016, 12:42:50 PM |
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Its great to be able to use this chart as a baseline for future developments to come. Thank you for putting this up for public viewing.
I don't think you should rely on history when it comes to future price |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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LMGTFY
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April 09, 2016, 12:47:32 PM |
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Its great to be able to use this chart as a baseline for future developments to come. Thank you for putting this up for public viewing.
I don't think you should rely on history when it comes to future price The graph shows inflation against time - I'm not sure where you're seeing future price? More specifically, the graph is based on block reward reductions. We don't know exactly when these will occur (they occur every 410000 blocks, and each block should take approximately 10 minutes on average) but we know that they will occur. We know, for example, that the block reward will be reduced to 12.5 BTC per block (from 25 BTC per block) in the next few months. We don't know exactly when, because it depends on how fast blocks are found, but we know to within a few weeks. |
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raphma
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April 09, 2016, 09:15:25 PM |
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Its great to be able to use this chart as a baseline for future developments to come. Thank you for putting this up for public viewing.
I don't think you should rely on history when it comes to future price baseline
Baseline... that's what charts are. When you do a investment, it's good to have a baseline. That doesnt mean see the future. |
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tikiboiii
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April 10, 2016, 10:08:50 AM |
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Thanks for the useful graph  |
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jaff11
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April 13, 2016, 07:49:53 AM |
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I know where you got 25% from. That's the inflation that occurred in the last year prior to the reward halving. That's not the same as the annualized instantaneous inflation rate.
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eyeknock
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April 13, 2016, 11:02:39 AM |
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People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined. That's been true since the day bitcoin started. The largest ever increase in bitcoin in a year was less than 3 million bitcoin. In the month between December 2015 and January 2016 the US dollar supply increased by more than 80 billion dollars. Yeah, I think you have to compare them in like units, or do it on a percentage basis. In other words, those 3 million bitcoins are currently worth $416 each, so you can then extrapolate in USD terms what the effective rate has been over a given time period, or just compare the dollar for dollar amount (which, of course, in that time period, is still less than the 80 billion dollars in current dollar terms). dont forget that an % of that 80 billion of dollars will never be in circulation for the people, i mean that an % of all those printed papers will be for some rich people/gov/... just for speculate with them  , so in the end, numbers about $ are worst than expected. |
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Gahs
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Minter
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April 14, 2016, 03:36:07 PM |
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Its great to be able to use this chart as a baseline for future developments to come. Thank you for putting this up for public viewing.
I don't think you should rely on history when it comes to future price That's true but sometimes history can help you make some calculated risks when it comes to bitcoin trading. At least that is how scientists are able to predict wheather. |
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Cyaren
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April 17, 2016, 12:40:09 AM |
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So although bitcoin is naturally inflationary, it's actually deflationary in terms of inflation rates? But does that make bitcoin deflationary, or inflationary? Which way is the right way to look at this?
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whitslack (OP)
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April 17, 2016, 02:11:55 AM |
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So although bitcoin is naturally inflationary, it's actually deflationary in terms of inflation rates? But does that make bitcoin deflationary, or inflationary? Which way is the right way to look at this?
Bitcoin is naturally inflationary until the block subsidy ends some time in the first half of next century, but in reality it will become deflationary much sooner than that, as people are constantly losing their keys. We can't predict the rate at which people lose access to their bitcoins, so the charts in this thread only show the scheduled bitcoin money stock. |
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linber
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April 21, 2016, 09:45:07 AM |
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Thanks ... Its cool...
I am not the math expert. But I feel the graph explain and provide little idea about bit coin inflation in future
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shenkeng
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April 21, 2016, 12:04:12 PM |
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Thanks for sharing, good post
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dreacust
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May 03, 2016, 06:02:55 PM |
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Does this include the possible risk of revisions and hacks? Seems interesting however a world wide adoption could be an possiblity in the future, a more free economy is in some cases prefered. |
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larryofbtc
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May 04, 2016, 11:24:14 AM |
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A very interesting post
Thank you for sharing
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lewis.jr
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May 04, 2016, 08:22:08 PM |
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Permission given to use and reproduce freely. What good are these charts without rationale, data, sources? Why do I care about these charts? everything depends on many factors |
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deuce22
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May 05, 2016, 04:53:52 PM |
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Literally no one knows if this is the best time to buy or not, as no one knows what tomorrow may hold
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duts_bg
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May 06, 2016, 01:27:32 PM |
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So although bitcoin is naturally inflationary, it's actually deflationary in terms of inflation rates? But does that make bitcoin deflationary, or inflationary? Which way is the right way to look at this?
Bitcoin is naturally inflationary until the block subsidy ends some time in the first half of next century, but in reality it will become deflationary much sooner than that, as people are constantly losing their keys. We can't predict the rate at which people lose access to their bitcoins, so the charts in this thread only show the scheduled bitcoin money stock. :(Alas! Absolutely right, for the lost key. |
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martha5dool
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May 06, 2016, 04:01:37 PM |
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Can u tell us the source
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VladimirAmfodent
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May 12, 2016, 07:57:30 PM |
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BTC halving soon...
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nebuzen
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May 31, 2016, 07:43:53 PM |
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Permission given to use and reproduce freely. What good are these charts without rationale, data, sources? Why do I care about these charts? everything depends on many factors Amazing, great stuff. Thank you very much! |
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bladeandsoulguide
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June 02, 2016, 07:08:25 AM
Last edit: August 28, 2020, 02:33:06 PM by bladeandsoulguide |
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very cool Bitcoin Inflation so good
In the FIFA Ultimate Team (FUT), you will need coins to acquire new players as you progress in the game. As a person who loves gaming on FIFA, you can get these coins for various reasons besides purchasing players.you can find many good fut coins sellers on playermall.com. |
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