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The supply is currently being bootstrapped, the rate of new creation is falling as the supply get closer to the maximum. Some months from now new coins from bl
by eccodown 7y ago
The supply is currently being bootstrapped, the rate of new creation is falling as the supply get closer to the maximum. Some months from now new coins from block rewards should halve (3.7% inflation dropping to 1.85%), and the process repeats as maximum supply is reached in the distant future, at which point the mining reward would primarily be the transaction fees.
- neffy 7y agoThis is I think the point OP is making. Up to this point in time, there has been a steady, and somewhat exponential increase in the supply of Bitcoin. As you say, that is about to start tapering off. At which point, the behaviour of the entire system can be expected to radically change.