📅 Original date posted:2022-07-11
📝 Original message:On Mon, Jul 11, 2022 at 10:00 AM Peter Todd via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> If you actually do the numbers on this, you'll realize it takes absolutely
> catastrophic black swan events that make WW2 look like a minor conflict to
> make
> even insignificant inflation rate changes due to changes in lost coins.
>
That somewhat depends on what you mean by 'significant' and 'catastrophic'
but I believe the way the model goes is that if X% of coins are lost that
means that the value of all outstanding coins will go up by X%, and if the
rate of breakage goes from Y% annually to Y*Z% annually then the value of
all coins will go up by a factor of Z. This is of course an idealized model
in steady state, but gives some idea of scale.
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Bram Cohen [ARCHIVE] /
npub1ld…t8ur6
2023-06-07 23:11:36
in reply to nevent1q…7zan
Author Public Key
npub1ldcq03p2qe58u0xnlwa35wchjuhz49y6ueu5ghmtjetez9xstnvsmt8ur6Published at
2023-06-07 23:11:36Event JSON
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"content": "📅 Original date posted:2022-07-11\n📝 Original message:On Mon, Jul 11, 2022 at 10:00 AM Peter Todd via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e\n\u003e If you actually do the numbers on this, you'll realize it takes absolutely\n\u003e catastrophic black swan events that make WW2 look like a minor conflict to\n\u003e make\n\u003e even insignificant inflation rate changes due to changes in lost coins.\n\u003e\n\nThat somewhat depends on what you mean by 'significant' and 'catastrophic'\nbut I believe the way the model goes is that if X% of coins are lost that\nmeans that the value of all outstanding coins will go up by X%, and if the\nrate of breakage goes from Y% annually to Y*Z% annually then the value of\nall coins will go up by a factor of Z. This is of course an idealized model\nin steady state, but gives some idea of scale.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220711/81d9948d/attachment-0001.html\u003e",
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