Search content
Sort by

Showing 2 of 2 results by ehsan8787
Post
Topic
Board Economics
Re: [CHART] Bitcoin Inflation vs. Time
by
ehsan8787
on 02/12/2020, 18:13:40 UTC
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.
great👍👍
Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
ehsan8787
on 02/12/2020, 17:19:55 UTC
While I despise them, I see the genius of the Federal Reserve system.

There's genius in stealing?  Roll Eyes
your description of this subject was very good