I'm looking at the Total Bitcoins in Circulation graph and don't understand why there is a spike of coins being generated in Sept '12. What caused this to happen?
Also, since there is a fixed number of Bitcoins that will be created, then I would expect this deviation would be corrected and fall in-line with the previous rate of growth. It doesn't appear that a correction has occurred. Which of the following will happen:
- The final end date of new bitcoin mining will be earlier than planned
- At some arbitrary date in the future there will be fewer Bitcoin being mined
Sure, the longer we wait the impact of that occurrence of inflation on 9/12 will decrease over time, but what happens the next time a Bitcoin mining spike occurs?