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bitcoinbook/images/supply_demand.gnuplot
David A. Harding 0249c97460 CH01: edits for Mark (Xekyo) Erhardt feedback (thanks!)
- Provide rough block and year when 99% of all BTC will have been mined

- Remove user-stories section.  I think this section frontloaded too
  much irrelevant detail.  In new sections of this edition, I've
  exclusively used the convential Alice, Bob, Carol, etc.---without
  trying to maintain a consistent backstory.  This is simpler on the
  writer and, I think, simpler on the reader---if they jump into a
  section of the book, they don't need to worry that there's some
  important context in a previous section.

    - This also necessitated a few changes chapter 2.

- Mostly remove the phrase "custody".  Instead use the phares "control
  the key".  I think this is clearer to non-specialists and a quick grep
  shows that we don't use any version of the word "custody" elsewhere in
  the book.

- Drop localbitcoins.com.  This service was terminated after this
  chapter was updated.

- Add 'feerate' to the script for catching forbidden words.  :-( This
  required a change to a comment in an image source.

- Other minor changes and typo fixes
2023-08-01 07:11:27 -10:00

140 lines
3.3 KiB
Gnuplot

set terminal pngcairo size 800,300 enhanced
set output 'supply-demand.png'
set xlabel 'Quantity'
set ylabel 'Price'
#set title 'Traditional Supply and Demand Curves'
set xrange [0:120]
set yrange [0:120]
# Removing xtics and ytics
unset xtics
unset ytics
# Supply and demand curves
demand(x) = 0.005*x**2 + 20
supply(x) = -0.005*x**2 + 100
# Adding titles to the lines
set label 1 'Supply' at 5, supply(5) offset 0,1
set label 2 'Demand' at 5, demand(5) offset 0,-1
plot supply(x) title '' with lines lc rgb 'black' lw 4, \
demand(x) title '' with lines lc rgb 'grey' lw 4
unset label 1
unset label 2
############
set output 'supply-demand-constant.png'
set xlabel 'Quantity'
set ylabel 'Price'
#set title 'Bitcoin Block Space Supply and Demand'
set xrange [0:120]
set yrange [0:120]
# Removing xtics and ytics
unset xtics
unset ytics
# Supply and demand curves
demand(x) = 0.005*x**2 + 20
supply(x) = 80
# Adding titles to the lines
set label 1 'Supply' at 5, supply(5) offset 0,1
set label 2 'Demand' at 5, demand(5) offset 0,-1
plot supply(x) title '' with lines lc rgb 'black' lw 4, \
demand(x) title '' with lines lc rgb 'grey' lw 4
unset label 1
unset label 2
####################
set output 'fee-negative-feedback.png'
set xlabel "Time"
unset ylabel
#set title 'Negative Feedback Loop'
set xrange [0:20]
set yrange [-1:1]
# Removing xtics and ytics
unset xtics
unset ytics
# Price and demand functions
price(x) = exp(-x/10) * sin(x)
demand(x) = -exp(-x/10) * sin(x)
# Adding titles to the lines
set label 1 'Price (fees)' at 5, price(5) offset -1,0.75
set label 2 'Demand' at 5, demand(5) offset -1,-0.75
#set label 'Equilibrium' at 20,0 offset 2,0
# Equilibrium line
equilibrium(x) = 0
# Increasing the sample rate for smoother curves
set samples 1000
# Adding extra left margin
#set rmargin at screen .8
plot price(x) title '' with lines lc rgb 'black' lw 4, \
demand(x) title '' with lines lc rgb 'grey' lw 4, \
equilibrium(x) title 'Equilibrium' with lines lc rgb 'black' lw 2 dt "-"
#######################
set output 'fee-patience.png'
unset label 1
unset label 2
set label 3 "Transactions at different fee rates" at 0.9999,0 font "Arial-Italic"
set arrow 6 from 1,0.6 to 2.3,0.6 nohead lc rgb "black" dashtype 3 lw 2
set arrow 7 from 1,0.3 to 2.7,0.3 nohead lc rgb "black" dashtype 3 lw 2
#set arrow 8 from 1,-0.0 to 3.1,-0.0 nohead lc rgb "black" dashtype 3 lw 2
set arrow 9 from 1,-0.3 to 3.55,-0.3 nohead lc rgb "black" dashtype 3 lw 2
set arrow 10 from 1,-0.6 to 4.2,-0.6 nohead lc rgb "black" dashtype 3 lw 2
set xrange [0.8:6]
plot price(x) title 'Price (fees)' with lines lc rgb 'black' lw 4
#demand(x) title '' with lines lc rgb 'grey' lw 4
#############################
set output 'equilibrium-change.png'
set xrange [0:20]
unset label 1
unset label 3
unset arrow 6
unset arrow 7
unset arrow 9
unset arrow 10
# Equilibrium line
equilibrium(x) = exp(-x/5) * -1 + 0.25
# Price and demand functions
price(x) = exp(-x/10) * sin(x) + equilibrium(x)
demand(x) = -exp(-x/10) * sin(x) + equilibrium(x)
set label 1 'Price (fees)' at 5, price(5) offset -1.1,1.3
set label 2 'Demand' at 5, demand(5) offset -1.1,-1.3
plot price(x) title '' with lines lc rgb 'black' lw 4, \
demand(x) title '' with lines lc rgb 'grey' lw 4, \
equilibrium(x) title 'Equilibrium' with lines lc rgb 'black' lw 2 dt "-"