Hi,

This approach raises the obvious question : If someone hasn't had access to their coins in a long time (yrs, decades, however you want to define it) - and they wish to access/move them after such a time - isn't your proposal simply taking away their ability to do so? Some might call it : stealing their coins.

How does one conclusively prove that "lost" coins are "lost forever"?

Regards,

thenoblebot

On Sat, 9 Jul, 2022, 7:31 pm Peter Todd via bitcoin-dev, <bitcoin-dev@lists.linuxfoundation.org> wrote:

On Sat, Jul 09, 2022 at 08:24:51AM -0700, Eric Voskuil wrote:
> To clarify, price inflation is not caused by market production. Attributing the observed lack of inflation (eg fee %) to loss is an assumed relation.

My article is a mathematical proof that has nothing to do with observations of
inflation.

What I did is prove that if there is tail emission/fixed supply, the coin
supply will converge towards a fixed amount because the coin supply dependant
rate of coin loss balances out the fixed rate of coin production.

That proof has nothing to do with market dynamics and would happen in any
system, economic or not, with similar underlying dynamics.

--
https://petertodd.org 'peter'[:-1]@petertodd.org
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