Post
Topic
Board Economics
Merits 44 from 9 users
Topic OP
[CHART] Bitcoin Inflation vs. Time
by
whitslack
on 13/12/2012, 15:08:08 UTC
⭐ Merited by LoyceV (10) ,Welsh (10) ,vapourminer (10) ,El duderino_ (5) ,dragonvslinux (4) ,naufragus (2) ,bones261 (1) ,Dalmar (1) ,nullama (1)
A clarifying note: These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.

Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.


Permission given to use and reproduce freely.