Bitcoin Worm on Nostr: unlikely on a long enough time line. for what you have just said to be true every ...
unlikely on a long enough time line. for what you have just said to be true every single coin ever would be lost and only new coins would exist.
in practice , someone would always be hodling or transacting in it
in other words, some large enough amount might be lost, example 2 million coins, each issuance eats away at that and over time replaced. During that time perhaps more coins are lost, lets say anoth 2 million, All that does is push equilibrium further ahead.
the mechanism is not intended to replace, in real time, lost coins, something no one can know or even attempt to quantify, but to both incentivise mining (network security and efficient tx processing) and stabilize scarcity pressure on price, incentivising use versus hodling like in BTC which is more likely to kill the network through negative behavior patterns and the current small block design)
in practice , someone would always be hodling or transacting in it
in other words, some large enough amount might be lost, example 2 million coins, each issuance eats away at that and over time replaced. During that time perhaps more coins are lost, lets say anoth 2 million, All that does is push equilibrium further ahead.
the mechanism is not intended to replace, in real time, lost coins, something no one can know or even attempt to quantify, but to both incentivise mining (network security and efficient tx processing) and stabilize scarcity pressure on price, incentivising use versus hodling like in BTC which is more likely to kill the network through negative behavior patterns and the current small block design)