Quote from: JorgeStolfi on April 14, 2014, 04:55:33 PM

Quote from: Spaceman_Spiff on April 14, 2014, 03:54:16 PM

Honestly though, it would be more fair to look at monetary inflation (in which bitcoin is still quite inflationary at present, admittedly).

Why would that be more fair? What matters is what 1 unit of currency can buy. That is not determined by how many units could be printed, not even by how many exist, but by how many are in circulation, and the demand for them.

Because price inflation is more prone to "quick" (I am talking months to years here) ups and downs (due to credit and business cycles), while the monetary base is a better predictor for purchasing power on a very long timescale imo.
Then again, my reasoning assumes that the use case of the currency doesn't really change substantially, and because bitcoin is so young, how it will be used probably has a bigger impact on price evolution than it's monetary inflation in the first years to come. (but one can speculate about how it will be used, like Cypherdoc I think bitcoin is quite attractive as a store of value/reserve currency).

Quote from: Rampion on April 14, 2014, 05:02:50 PM

snip exchange compliancy

Thanks for the info dude, much obliged !