Author Topic: Bitcoin inflation  (Read 1672 times)

Lunero on: September 21, 2014, 11:08:48 AM

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Hmm, I did some calculations on bitcoin. There is 25 new bitcoin created for each block. A block is created every 10 minutes. 25 BTC is 10 000$ of inflation every 10 minutes. That is 500m a year. there exists (13,295,000) bitcoin, minus the lost bitcoin, minus those kept in a vault somewhere, as in not in curculation. So I would estimate (this very hard to estimate) that 10 to 20% of bitcoin are "active", and if you count 15% as being traded, It amounts to 800m$ and with an inflation of half million. about 40% inflation.

FIMK offers something that does even try to fix inflation. It offers 66% total, that is split in 4 years time. And that is 22% a year, still better than bitcoin.

Well, I guess inflation is just cultural... whatever.
« Last Edit: September 21, 2014, 08:19:56 PM by Aamukuu »

Dirk Diggler #1 on: September 21, 2014, 03:05:18 PM

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Hmm, I did some calculations on bitcoin. There is 25 new bitcoin created for each block. A block is created every 10 minutes. 25 BTC is 10 000$ of inflation every 10 minutes. That is 500 000 a year. there exists (13,295,000) bitcoin, minus the lost bitcoin, minus those kept in a vault somewhere, as in not in curculation. So I would estimate (this very hard to estimate) that 10 to 20% of bitcoin are "active", and if you count 15% as being traded, It amounts to 800 000$ and with an inflation of half million. about 40% inflation.
FIMK offers something that does even try to fix inflation. It offers 66% total, that is split in 4 years time. And that is 22% a year, still better than bitcoin.
Well, I guess inflation is just cultural... whatever.

I think you mean: $500 million per year not $500 thousand, thats a lot if you think about it.
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Lunero #2 on: September 21, 2014, 08:23:03 PM

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I think you mean: $500 million per year not $500 thousand, thats a lot if you think about it.

Yeah, i edited the post a bit. I didn't invest in bitcoin in 2011 because of this. And this "bitcoin mining" invites a shitloads of parasites. Mining is still profitable even though theres more hashing power in bitcoin than all the best supercomputers together can produce.

Dirk Diggler #3 on: September 22, 2014, 12:02:44 PM

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Mining just for the sake of it is so wasteful. If they could only put all that number crunching to good use for something then it be a totally different story. I believe primecoin does something like that although i'm not sure if searching for prime numbers can be of that much use (mathematicians probably don't agree with me on that).
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Eliphaz Fimk #4 on: September 22, 2014, 04:27:25 PM

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http://www.foldingcoin.net/

More utilitiarian side applications for cryptopayment processing will come.

I would stake my bet in the coinwarz to the one with most utility, which yet has to materialize

... unless we annihilate ourselves in the humanwarz before that  :-\