Cointime-adjusted inflation (ARK version)
the published formula, kept for comparison
The version of cointime-adjusted inflation exactly as the ARK paper published it. It is shown beside ours because the two behave differently as more coins are locked away, and we would rather you see that than take our word for the choice.
DefinitionARK's verbatim formula: nominal inflation x (active supply / vaulted supply).
LimitProvisional. It divides two quantities that sum to one, so it runs away as the vault empties rather than staying on the same scale as nominal inflation. That is why it is not the default line. Being corrected: this is built on active or vaulted supply, which the pipeline derived from the coinblocks liveliness while the published liveliness is coin-days. The gap averages 74,759 BTC of active supply, a median of 0.8%. The rebuild onto coin-days is under way and this caveat retires with it.