📅 Original date posted:2022-07-09
📝 Original message: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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Peter Todd [ARCHIVE] /
npub1m2…a2np2
2023-06-07 23:11:24
in reply to nevent1q…gate
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 23:11:24Event JSON
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"content": "📅 Original date posted:2022-07-09\n📝 Original message:On Sat, Jul 09, 2022 at 08:24:51AM -0700, Eric Voskuil wrote:\n\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\nMy article is a mathematical proof that has nothing to do with observations of\ninflation.\n\nWhat I did is prove that if there is tail emission/fixed supply, the coin\nsupply will converge towards a fixed amount because the coin supply dependant\nrate of coin loss balances out the fixed rate of coin production.\n\nThat proof has nothing to do with market dynamics and would happen in any\nsystem, economic or not, with similar underlying dynamics.\n\n-- \nhttps://petertodd.org 'peter'[:-1]@petertodd.org\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 833 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220709/c7521b4f/attachment-0001.sig\u003e",
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