📅 Original date posted:2022-07-09 📝 Original message:To clarify, price inflation is not caused by market production. Attributing the observed lack of inflation (eg fee %) to loss is an assumed relation. Even if the amount of loss was known (which it is not), there remains an assumption in the correlation of non-lost coins to price. Demand determines price, not the amount of something in existence, hence the folly of S2F (1/monetary-inflation). e > On Jul 9, 2022, at 08:15, Peter Todd <pete at petertodd.org> wrote: > > On Sat, Jul 09, 2022 at 07:26:22AM -0700, Eric Voskuil wrote: >>> Due to lost coins, a tail emission/fixed reward actually results in a stable money supply. Not an (monetarily) inflationary supply. >> >> This observation is not a proof of lost coins, that is an assumption. > > To be clear, are you claiming that there is no proof that coins are lost? > > -- > petertodd.org 'peter'[:-1]@petertodd.org -------------- next part -------------- A non-text attachment was scrubbed... Name: signature.asc Type: application/octet-stream Size: 833 bytes Desc: not available URL: <lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220709/ea261b14/attachment.obj>