Inflation and Bitcoin Money Supply

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The diagrams below demonstrate bitcoin money inflation. They have nothing to do with price inflation, which is a completely different phenomenon. The point is that Austrian economists say “inflation” to denote money inflation whereas Keynesian ones mean price inflation.


Please note also that the upper axis (‘Year’) for both of the diagrams is approximate given the rate of a block per 10 minutes. Actual rate of block generation is a little higher than mentioned due to constantly rising has-rate so we have already moved farther than the upper axis shows. This yet does not mean that there will be mined over 21 million bitcoins. This is just to say that we reach this figure a bit earlier than we would if the hash-rate remained constant.