Currently ~190K tonnes of stock.
2017 supply grew 3,150. Gold Inflation rate = ~1.65%.

2020 halving, BTC inflation = ~1.79%.
2024 halving, BTC inflation = ~0.8%

In ~5.75 years, is the hardest monetary policy in human history.

What's your 10 year plan?

@TheCryptoconomy It's not on my best interest to RETOOT this but I will!

@TheCryptoconomy A quibble, when taking dead coins into account real BTC inflation will be a bit higher.


Good point, and would need to be accounted for as circulating supply is what matters. Since its hard to reliably estimate that number, let's just take the higher estimate by Chainalysis on Bitcoins lost = ~3.79 mil.

The inflation rate after halving in 2024 with adjusted supply would land us right at ~1% inflation. Even with that adjustment, it remains the hardest money. However, even if this wasn't the case, all it takes is another 210,000 blocks. 🤣 👍

@TheCryptoconomy this works well if the price of bitcoin isn't highly volatile, otherwise the masses won't use it as a store of value. Hopefully institutional support and being able to add bitcoin to pensions will stabilize the volatility

@PrivateKey I disagree with this thinking. Volatility is merely a consequence of price discovery and a still illiquid and immature market. People will use it for a store of value, but only by lowering their time preference.
That's the nature of sound money, high time preference is punished in a sound monetary environment, but practically everyone comes from an extremely high time preference economy that incentivizes debt (very high time preference) through interest rate manipulation.

@TheCryptoconomy Inflation normally refers to decrease in purchasing power of a currency.

Many in Bitcoin seem to use it to describe the rate of increase of the number of bitcoins. This usage incorrectly compares fiat inflation to Bitcoin's increase in amount of money. In reality, the amount of fiat money in circulation increases at a far greater speed.

Inflation is about monetary supply, it is often wrongly equated to "price inflation."

However, one follows the other over a long enough time period. We see this in the dollar markets where the debt inflated supply hits markets first, medical, higher education, financial markets, etc.

My measurement is regarding *real* inflation of the supply, price inflation is a consequence of that specifically, along with influence from other demand or geopolitical factors.

@TheCryptoconomy Then, I assume, the hardness of Bitcoin should be measured against the increase in supply of fiat currencies. And not the price inflation of fiat currencies.

I think you did not specify either of these. Just wanted to point out the difference, since referring to 1-4% inflation often may be understood as reference to price inflation.

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