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Value is still removed as BTC is added to the ledger without going through an exchange. It only shows up in price when the mined BTC is sold -- regardless whet
by bb88 5y ago
Value is still removed as BTC is added to the ledger without going through an exchange. It only shows up in price when the mined BTC is sold -- regardless whether or not it's converted to fiat or not.
IOW, "BTC printer goes brrr"
- anonporridge 5y agoYou do understand that bitcoin's inflation rate is algorithmically defined to halve every 4 years and trend toward 0, right? It's already 1.74% per year an will half to 0.84% in 2024. https://www.bitcoinblockhalf.com/ https://www.bitcoinblockhalf.com/ https://github.com/bitcoin/bitcoin/blob/7c08d81e119570792648fe95bbacddbb1d5f9ae2/src/validation.cpp#L1408-L1419= https://github.com/bitcoin/bitcoin/blob/7c08d81e119570792648...
- lottin 5y agoThat's not bitcoin's inflation rate. That's the rate at which bitcoins are printed. Additionally, bitcoins can also be created and destroyed via fractional reserves.