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A comment on What did Bitcoin Core contributors ever do for us?. Parent comment

Re:What did Bitcoin Core contributors ever do for us? by elmar on Sunday July 23, 2017 @06:19PM (#14834717)
let's do some assumptions:

- the 2% inflation number is completely wrong and real inflation is around 5%~10%

- with no government monetary intervention we should have deflation let's assume around 5%

the delta is now 10%~15% looks less insignificant.

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Re:What did Bitcoin Core contributors ever do for us? by mikeash on Sunday July 23, 2017 @06:33PM (#14834773)
How long does it take for new money to get into the hands of the average person? I'd think a couple of months. A 15% inflation delta then means an "invisible tax" of maybe 3%. Not very important. And that's ignoring the highly questionable nature of those stated assumptions.
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Re:What did Bitcoin Core contributors ever do for us? by elmar on Sunday July 23, 2017 @07:03PM (#14834839)
I have seen studies where it could take up to 2 years for the new money to completely penetrate the economic system.

Unfortunately currently don't have the links, I will try to post it later.

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Re:What did Bitcoin Core contributors ever do for us? by twblalock on Sunday July 23, 2017 @06:25PM (#14834740)
> the 2% inflation number is completely wrong and real inflation is around 5%~10%

I can't find any evidence-based reason to believe that.

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Re:What did Bitcoin Core contributors ever do for us? by elmar on Sunday July 23, 2017 @06:43PM (#14834792)
Alternate Inflation Charts

http://www.shadowstats.com/alternate_data/inflation-charts

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