DazedInPontoon
Registered User
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Yes, because it would increase at the rate of inflation if demand was increasing at the same rate as new supply - i.e. no net new demand, so only increasing at the rate nominal dollars are losing value. But it's been more than that because demand has increased a lot more than supply, which is not surprising since it was starting from zero.Im not sure about this. The rate of increase for btc has far outpaced wages and inflation.
In any case, if you want to dive into growth models, the power law one proposed six years ago is by far the most interesting, as it factors in diminishing returns: https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/
From the creator:
"Power laws are very common in complex phenomena. The growth of cities, river systems, networks and so on. The fact that BTC followed a power law for 10 years it means is not a normal financial asset. It is a much more interesting and complex system."
Pretty incredible to me how well it has tracked since then: https://charts.bitbo.io/long-term-power-law/
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