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Am I the only person surprised by the conclusion that far enough out, with reasonable assumptions, supply is independent of starting amount and only a function of emission and average loss rate? Not arguing with the math, just surprised.
Of course, I'm sure people have debated the assumption that lambda is constant. I could imagine an argument for it shrinking over time, maybe more careful custodians become the norm, who knows?
Also I guess we're ignoring the related topic of mining environment/incentives between scenarios 1 and 2. Option 2 feels nicer to me, but could be my bias for upholding the spirit of original code.
It's definitely not *obvious* that final supply is independent of starting amount, but it makes sense on reflection. If you have a continuous source and sink (imagine a container of water with a inflow and outflow), the end state (level of water) will obviously not depend on the starting amount of water.
For the rest, sure, agreed.