oda.krell
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October 18, 2015, 05:21:55 PM

Bitcoin supply is constantly increasing, it is the total number of coins issued to date.
Every ~10 mins 25 more coins are added to the supply.
So now you know https://en.wikipedia.org/wiki/The_Rest_of_the_Story

https://en.wikipedia.org/wiki/Derivative

Let me know when you're done reading. In that case I might be up for another 'discussion' with you on the topic, but no promises :3

OMG, horse nose https://en.wikipedia.org/wiki/Calculus !1one I loos !!1! he2science4me!

but seriously, can you say it in words?

You're thinking in terms of total supply (or demand). Important, sure, but not sufficient. Bitcoin mining reward can be seen as a case of increasing supply (up to a finite total value, assuming for a moment the protocol will never change on that matter Cheesy), with a predictably changing growth constant -- as opposed to the supply situation of, say, USD, without a declared finite total value, and undergoing unpredictable (or at least: less predictable) growth. If market participants would be perfectly rational and able to calculate ahead, the changing reward eras shouldn't matter. Whoever thinks that, however, will be rather disappointed, I'm quite sure (which is not to say I belong to the "Rally to the moon, once reward halving" camp).