Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
cbeast
on 27/12/2014, 08:02:14 UTC
You are moving goalposts. Inflation is not problematic because it is mathematically fixed at a known predictable rate. Price is baked in.

Number of Bitcoins today = 13'646'425
Number of Bitcoin 365 days ago = 12'177'500
Inflation = (13'646'425 - 12'177'500) / 13'646'425 = 10.76%

Price of 1 BTC today = 324 USD
Price of 1 BTC 365 days ago = 734 USD

Aye, the price is indeed baked in.
Right and PoS always goes up in price, right? Notice that the average yearly price goes up substantially every year.