4 ms·

You mean deflation, incidentally.

• rspeele 6y ago
  No, I do think he means inflation. He's talking about the block reward, the Bitcoin "minted" through mining, being larger than the fees. Currently it's 6.25 BTC minted per block and the fees only add up to between 1 and 2 BTC. We don't really see this as inflation because of the value of Bitcoin going up, but it is a tiny tiny tax on all the people HODLING their coins, as it dilutes the value (again, by a miniscule amount). In theory if BTC is still being used in 2150 or whenever the block reward goes to zero, all the cost of mining will be borne by those actually exchanging BTC, and the people just holding it will be free-riding, with the security of the network paid for entirely by people transacting on it. Not sure how well this will work.
• krupan 6y ago
  Bitcoin supply is scheduled to increase for the next 100 years or so. So yes, inflation.