[CHART] Bitcoin Inflation vs. Time

[whitslack]

Hmm... well where did you got those charts.. i mean who created them ?

I created them in LibreOffice Calc.

[Ceballos]

Thanks for the graph 

[sshapiro]

Great job, thank you.

[knightcoin]

noop, no sings of contract

[gagalady]

thanks for graphs, usefull.

[Bill99m]

btc shown at its best. zero inflation and 100% real value

[leandrowar]

Very usefull graphs, tks

[texaschainsaw54]

This chart gives me hope for the future 

[romanmahar]

Really wish I had gotten in at the ground level

[R3qUi3M]

In comparrison to what will happen to BTC price in the future, we are still at the GROUND LEVEL Time to get on the train folks?

[ilccoin]

doesn't this change as technology advances (there should be better miners)

[bitminerinthecloud]

How do you define inflation rate?

Do you mean conversion of BTC in terms of other currencies?

[whitslack]

How do you define inflation rate?

The inflation rate is the annualized rate at which new units are being added to the money supply, relative to the current size of the money supply.

For example, if the inflation rate is 10%, this means that, if the current rate of money supply creation were held constant at the present rate for an entire year, then the amount of new money created in that year would be equal to 10% of the size of the money supply at the present instant.

[20nights]

thanks for the graphs.

[Nortan12rx]

nice graphs 

[yntro]

Hmm... well where did you got those charts.. i mean who created them ?

I created them in LibreOffice Calc.

Oh nice jobs then. Are you updating these chart based on situation now or you just caltulated and keep it that way? Or there are some factors that influence these charts by changing ? Well what I mean if these charts can change?

[whitslack]

Are you updating these chart based on situation now or you just caltulated and keep it that way? Or there are some factors that influence these charts by changing ? Well what I mean if these charts can change?

These charts show the theoretical money supply and rate of monetary inflation if Bitcoin were exactly keeping to its schedule of one block every 10 minutes. In practice, the block generation rate has been slightly faster, so the time axis of the real functions would be slightly compressed from what is shown in these charts. Effectively this means we're already "further along" on the chart than you would expect just by looking at the time axis.

[mecoin]

thanks for the graphs, I didn't except them to look like this....

[Kaligulax]

in 2030 we will have non-monetary society.. and therefore there will be no inflation.. 

[brush242]

in 2030 we will have non-monetary society.. and therefore there will be no inflation.. 

Which, of course, is completely untrue. Everything is scarce, therefore there will always be inflation.

Captain Jean-Luc Picard: The economics of the future are somewhat different. You see, money doesn't exist in the 24th century.
Lily Sloane: No money? You mean, you don't get paid?
Captain Jean-Luc Picard: The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity.

Pure ignorance and stupidity.