To clarify, price inflation is not caused by market production. Attributing the observed lack of inflation (eg fee %) to loss is an assumed relation.
Even if the amount of loss was known (which it is not), there remains an assumption in the correlation of non-lost coins to price. Demand determines price, not the amount of something in existence, hence the folly of S2F (1/monetary-inflation). e > On Jul 9, 2022, at 08:15, Peter Todd <p...@petertodd.org> wrote: > > On Sat, Jul 09, 2022 at 07:26:22AM -0700, Eric Voskuil wrote: >>> Due to lost coins, a tail emission/fixed reward actually results in a >>> stable money supply. Not an (monetarily) inflationary supply. >> >> This observation is not a proof of lost coins, that is an assumption. > > To be clear, are you claiming that there is no proof that coins are lost? > > -- > https://petertodd.org 'peter'[:-1]@petertodd.org
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