Qu’est-ce que Stock-to-flow ?
A model relating an asset's existing supply to its annual new production, applied to Bitcoin to argue for scheduled price appreciation.
The ratio itself is a real and simple measure. The controversy is the model built on it, which fitted Bitcoin's price history to the ratio and projected forward.
The projection has diverged substantially from outcomes, and the underlying method — fitting a curve to a variable that increases deterministically over time — will fit almost any rising series. We reference it as a widely discussed model, not as evidence.
Scarcity is a property, not a price mechanism. Nothing about a supply schedule guarantees demand.
Termes liés
Halving
The scheduled 50% reduction of the block subsidy, occurring every 210,000 blocks — roughly every four years.
EconomicsScarcity
Bitcoin's fixed and verifiable supply limit, enforced by every node rather than promised by an issuer.
MarchésMarket cycle
The observed pattern of multi-year expansions and contractions in Bitcoin's price, often anchored to the…
Cette définition fait partie du glossaire Bitcoin Logical. Pour l’explication complète, commencez par Apprendre, ou consultez les chiffres en direct sur Le Signal Bitcoin.