David A. Harding [ARCHIVE] on Nostr: 📅 Original date posted:2022-07-18 📝 Original message:On 2022-07-10 07:27, Peter ...

📅 Original date posted:2022-07-18
📝 Original message:On 2022-07-10 07:27, Peter Todd via bitcoin-dev wrote:
> The block subsidy directly ties miner revenue to the total value of
> Bitcoin:
> that's exactly how you want to incentivise a service that keeps Bitcoin
> secure.

I'm confused. I thought your argument in the OP of this thread was that
a perpetual block subsidy would *not* be tied to the total value of
bitcoin. It'd be tied to the total value of bitcoin *lost* each year on
average.

If so, would you then agree that the inability of a perpetual block
subsidy to directly tie miner revenue to the total value of Bitcoin
makes it not exactly how we want to incentivise a service that keeps
Bitcoin secure?

Thanks,

-Dave