{"type":"rich","version":"1.0","author_name":"npub1sgs97fe0n9wehe6zw7drcxdz4cy9yt9pfqjv8gasz5jlk4zezc0quppx3c","author_url":"https://nostr.ae/npub1sgs97fe0n9wehe6zw7drcxdz4cy9yt9pfqjv8gasz5jlk4zezc0quppx3c","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2022-07-09\n📝 Original message:Yet you posted several links which made that specific correlation, to which I was responding.\n\nMath cannot prove how much coin is “lost”, and even if it was provable that the amount of coin lost converges to the amount produced, it is of no consequence - for the reasons I’ve already pointed out. The amount of market production has no impact on market price, just as it does not with any other good.\n\nThe reason to object to perpetual issuance is the impact on censorship resistance, not on price.\n\ne\n\n\u003e On Jul 9, 2022, at 08:31, Peter Todd \u003cpete at petertodd.org\u003e wrote:\n\u003e On Sat, Jul 09, 2022 at 08:24:51AM -0700, Eric Voskuil wrote:\n\u003e\u003e To clarify, price inflation is not caused by market production. Attributing the observed lack of inflation (eg fee %) to loss is an assumed relation.\n\u003e \n\u003e My article is a mathematical proof that has nothing to do with observations of\n\u003e inflation.\n\u003e \n\u003e What I did is prove that if there is tail emission/fixed supply, the coin\n\u003e supply will converge towards a fixed amount because the coin supply dependant\n\u003e rate of coin loss balances out the fixed rate of coin production.\n\u003e \n\u003e That proof has nothing to do with market dynamics and would happen in any\n\u003e system, economic or not, with similar underlying dynamics.\n\u003e \n\u003e -- \n\u003e https://petertodd.org 'peter'[:-1]@petertodd.org\n\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/octet-stream\nSize: 833 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220709/be85c5c5/attachment.obj\u003e\n-------------- next part --------------"}