Bram Cohen [ARCHIVE] on Nostr: 📅 Original date posted:2022-07-11 📝 Original message:On Mon, Jul 11, 2022 at ...

📅 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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