Bottom-line, if the supply is expanding, then that is inflation. Just because this expansionary process is going to end, does not counter the fact that the supply has been expanding since inception. Bear in mind here that I must stress I used a deliberately conservative set of figures so I actually think the liquidity drain is going to be much more severe than my calculations show. I could not however get away from the fact that my calculations show we're still in an expansionary period (however minimal) at least until May 2020 whereupon the game changes as my math attempts to show. I think we're going to see some pretty mad stuff next year as the end of mining as a viable de facto business venture (even on the large scale) is going to shake up the entire market.