Timeline for How are new bitcoins created without monetary inflation?

5 events

when toggle format	what		by	license	comment
Jun 15, 2014 at 9:29	comment	added	David Schwartz		@webworm Because everyone knows what the supply will be, it already made the Bitcoins you purchased worth less when you bought them. All other things being equal, the price of Bitcoins is lower today than it would be if the mining were going to end sooner. When you bought your Bitcoins, you paid a price you and the seller both deemed fair, and the entire market knows the rate at which Bitcoins are produced.
May 15, 2014 at 19:36	vote	accept	webworm
May 15, 2014 at 16:09	comment	added	Tim S.		I think that's right. Remember, this is over a very long period of time, so it doesn't take much demand or loss to make up for it. The highest rate of supply increase is right now (it's always decreasing, so of course it is), and in the period of time until the next decrease (projected near the end of 2016), the supply increases by roughly 8-9% per year (there'll be 24% more in ~2.6 years, x^2.6 = 1.24, x ~= 1.086). This is the maximum possible inflation rate for this period of time. I think that other forces (e.g. speculation, use, regulation) are far more significant.
May 15, 2014 at 15:57	comment	added	webworm		Still that 0.65 increase would make the bitcoins I purchase worth less by a large factor. Is this amount of inflation so low that people are not concerned?
May 15, 2014 at 15:21	history	answered	Tim S.	CC BY-SA 3.0