Post
Topic
Board Bitcoin Discussion
Re: Bitcoin anniversary. 17 millionth mined.
by
vilello
on 27/04/2018, 12:07:31 UTC
Yesterday, april 26th 2018, the 17 millionth Bitcoin was mined. It's somehow a bitcoin aniversary. Only 4 million to go, 80% of total supply.

https://livecoins.com.br/wp-content/uploads/2018/04/coinmarketcap.png

Bitcoin is still a inflationary currency. According to BashCo.github.io we have now 3,8% inflation rate per year, as the block reward is still 12.5 BTC per block. By 2021, according to bitcoin wiki and BashCo, inflation rate will drop to 1,7% as reward will drop to 6.25

https://livecoins.com.br/wp-content/uploads/2018/04/newplot.jpg
Source: https://BashCo.github.io

According to Statista, global inflation rate is 3,15%, which is lower than bitcoin inflation rate now.

Let's wait to see the impact on price when bitcoin has a low inflation rate, below global inflation rate.
By 2021 bitcoin will have 1,7%, and by 2025 0,8%.

I will be holding until then.

source (portuguese): https://livecoins.com.br/17m-bitcoins-minerados-inflacao-mundial/
Idk what will happen if BTC run out. will BTC die? Or ETH will take BTC place as number one Crypto Coin? Please explain to me.