No currency can exist without being created. Therefore, until all the units are in circulation, ALL crypto currencies will have a supply inflation.
Bitcoin supply inflation rate is quite small at the moment, and will continue to shrink VERY fast over the next few years. Eventually the average number of bitcoins permanently lost each day will exceed the number that come into existence. At that time, the supply will become deflationary.
you obviously have no idea what you talk about.
Last year was 10 million coins
next year will be 15 million coins
You need to work on your math a bit. You are clearly struggling with it.
Exactly a year ago, there were a total of 12,136,675 BTC (not 10 million)
Now there are a total of 13,614,125 BTC (not 15 million)
That's an annual inflation rate of a bit over 12%.
A year from now there will be approximately 14,928,125 BTC
That's an annual inflation rate of 9.7%
In the middle of the year 2016, the block subsidy will be cut in half and the inflation rate will drop to less than 4%, and will continue to drop after that.
This means bitcoin with the same marketcap has nex year 50% less price for a single coin.
No. Again your math is horrible.
Even if you were correct with your 10 million and 15 million numbers (which you aren't), the same "market cap" would only result in 33% less price for a single coin. As it is, with only a 9.7% supply inflation rate, it would only result in 8.85% less price for a single coin.
Of course all of that assumes the same "market cap". There is no reason that the "market cap" needs to stay the same. Bitcoin with the same (or higher) price per coin will simply have a higher "market cap".
example:
1 billion cap for 10 million coins makes 1 coin 100$
1 billion cap vor 15 million coins makes 1 coin 66,6$
- that's the kind of decline in purchase power you are looking at (aka inflation)
No it isn't. See above.
can't talk about alts here. If there is no better one then it needs to be launched but there are good coins already - all kinds of them. POW of course. Merged mined or not doesn't matter.
Low inflation alt just needs to be pumped and then it's: byby bitcoin.
How would a coin come into existence without coming into existence? Any alt will have to have inflation in order to exist.
Bitcoin is now inflationary. Deflationary later on (10years or more down the road if it manages to survive) but also only if people continue pouring cash into it.
Incorrect. Supply deflation does not require people to pour cash into it. It only requires that less bitcoins be created than are lost.
Maybe it's not even a "currency" but just a digital token?
It is definitly NOT a "digital token" since there is no "token" in bitcoin. It is simply a ledger maintaining a list of requirements necessary to re-assign requirements to someone else. As to whether or not it is a "currency", that will depend on what each individual considers to be requirements for being a currency.
Where is the line to be drawn between an inflationary coin and a deflationary one? Can it be both at the same time?
Since "inflationary" means increase in available supply, and "deflationary" means decrease in available supply, I don't think it is possible to be both at the same time. That would defy simple logic.
Needs new topic.
No. It really doesn't.
I was talking about the inflation aspect. Deflation is a pipedream you dream
Plonk!
