Quote from: SomethingElse on October 14, 2014, 05:22:23 AM

Quote from: NapoleonBonaparte on October 13, 2014, 04:37:31 PM

Quote from: odolvlobo on October 13, 2014, 04:19:22 PM

Quote from: kutaka on October 13, 2014, 04:09:58 PM

3600 are produced daily I think....

And it is only a small fraction of total exchange volume.

It is one thing to trade the same coin back and forward for profit. Quite another to add 3600 coins into the circulation everyday.

Many might be sold off exchange as just dumping that many coins is dangerous. Still.... Even if a discount is given, it's more than a million dollars a day, somedays two or three.

In someways this might keep the price of Bitcoin from going to high.

I always thought of it as 0.00006 percent difference each day which to me meant basically nothing. But when you say 1-3 million a day, that sticks pretty hard.

I double checked, the block reward is currently 25 and that means 3600 bitcoins come into play a day. By the end of next year though that will half to 1800 and I think that might help the system as a whole. Not sure though.