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References: <YsmbdMlt/KnvRs3U@petertodd.org>
 <D7C30506-A95D-4B43-A1BA-37F13DAD5C6F@voskuil.org>
 <YsmfTubgqua0FHR0@petertodd.org>
In-Reply-To: <YsmfTubgqua0FHR0@petertodd.org>
From: naman naman <namanhd@gmail.com>
Date: Sat, 9 Jul 2022 21:43:49 +0400
Message-ID: <CA+SxJWAyKg-Hc4cYOkMrzXqer5jEbNcJ2f04BWfbyQ78bysZXg@mail.gmail.com>
To: Peter Todd <pete@petertodd.org>, 
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="000000000000eb38d205e362d313"
Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary
Precedence: list

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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
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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<div dir=3D"auto">Hi,=C2=A0<div dir=3D"auto"><br></div><div dir=3D"auto">Th=
is approach raises the obvious=C2=A0question : If someone hasn&#39;t had ac=
cess to their coins in a=C2=A0long time (yrs, decades, however you want to =
define it) - and they wish to access/move them after such a time - isn&#39;=
t your proposal simply taking away their ability to do so? Some might call =
it : stealing their coins.<div dir=3D"auto"><br></div><div dir=3D"auto">How=
 does one conclusively prove that &quot;lost&quot; coins are &quot;lost for=
ever&quot;?</div><div dir=3D"auto"><br></div><div dir=3D"auto">Regards,=C2=
=A0</div><div dir=3D"auto">thenoblebot</div></div></div><br><div class=3D"g=
mail_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Sat, 9 Jul, 2022, 7:31=
 pm Peter Todd via bitcoin-dev, &lt;<a href=3D"mailto:bitcoin-dev@lists.lin=
uxfoundation.org" target=3D"_blank" rel=3D"noreferrer">bitcoin-dev@lists.li=
nuxfoundation.org</a>&gt; wrote:<br></div><blockquote class=3D"gmail_quote"=
 style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">On=
 Sat, Jul 09, 2022 at 08:24:51AM -0700, Eric Voskuil wrote:<br>
&gt; To clarify, price inflation is not caused by market production. Attrib=
uting the observed lack of inflation (eg fee %) to loss is an assumed relat=
ion.<br>
<br>
My article is a mathematical proof that has nothing to do with observations=
 of<br>
inflation.<br>
<br>
What I did is prove that if there is tail emission/fixed supply, the coin<b=
r>
supply will converge towards a fixed amount because the coin supply dependa=
nt<br>
rate of coin loss balances out the fixed rate of coin production.<br>
<br>
That proof has nothing to do with market dynamics and would happen in any<b=
r>
system, economic or not, with similar underlying dynamics.<br>
<br>
-- <br>
<a href=3D"https://petertodd.org" rel=3D"noreferrer noreferrer noreferrer" =
target=3D"_blank">https://petertodd.org</a> &#39;peter&#39;[:-1]@<a href=3D=
"http://petertodd.org" rel=3D"noreferrer noreferrer noreferrer" target=3D"_=
blank">petertodd.org</a><br>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" rel=3D"noreferrer =
noreferrer" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer noreferrer noreferrer" target=3D"_blank">https://lists.li=
nuxfoundation.org/mailman/listinfo/bitcoin-dev</a><br>
</blockquote></div>

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