The Bitcoin Standard

List of Figures

Figure  1	Global gold stockpiles and annual stockpile growth rate
Figure  2	Existing stockpiles as a multiple of annual production
Figure  3	Price of gold in silver ounces, 1687–2017
Figure  4	Central bank official gold reserves, tons
Figure  5	Major national exchange rates vs. Swiss Franc during WWI. Exchange rate in June 1914 = 1
Figure  6	Broad money average annual growth rate for 167 currencies, 1960–2015
Figure  7	Annual broad money growth rate in Japan, U.K., United States, and Euro area
Figure  8	Purchasing power of gold and wholesale commodity index in England, 1560–1976
Figure  9	Price of commodities in gold and in U.S. dollars, in log scale, 1792–2016
Figure  10	Major currencies priced in gold, 1971–2017
Figure  11	Oil priced in U.S. dollars and ounces of gold, 1861–2017, as multiple of price in 1971
Figure  12	National savings rates in major economies, 1970–2016, %
Figure  13	Unemployment rate in Switzerland, %
Figure  14	Bitcoin supply and supply growth rate assuming blocks are issued exactly every ten minutes
Figure  15	Projected Bitcoin and national currency percentage growth in supply over 25 years
Figure  16	Price of Bitcoin in US dollars
Figure  17	Annual transactions on the Bitcoin network
Figure  18	Average U.S. dollar value of transaction fees on Bitcoin network, logarithmic scale
Figure  19	Monthly 30‐day volatility for Bitcoin and the USD Index
Figure  20	Global oil consumption, production, proven ...