1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
|
Return-Path: <user@petertodd.org>
Received: from smtp2.osuosl.org (smtp2.osuosl.org [IPv6:2605:bc80:3010::133])
by lists.linuxfoundation.org (Postfix) with ESMTP id 78899C002D
for <bitcoin-dev@lists.linuxfoundation.org>;
Sat, 9 Jul 2022 15:15:07 +0000 (UTC)
Received: from localhost (localhost [127.0.0.1])
by smtp2.osuosl.org (Postfix) with ESMTP id 35CDE401F2
for <bitcoin-dev@lists.linuxfoundation.org>;
Sat, 9 Jul 2022 15:15:07 +0000 (UTC)
DKIM-Filter: OpenDKIM Filter v2.11.0 smtp2.osuosl.org 35CDE401F2
Authentication-Results: smtp2.osuosl.org;
dkim=pass (2048-bit key, unprotected) header.d=petertodd.org
header.i=@petertodd.org header.a=rsa-sha256 header.s=fm1 header.b=BBrYIjJG;
dkim=pass (2048-bit key,
unprotected) header.d=messagingengine.com header.i=@messagingengine.com
header.a=rsa-sha256 header.s=fm3 header.b=N1nd9+6s
X-Virus-Scanned: amavisd-new at osuosl.org
X-Spam-Flag: NO
X-Spam-Score: -2.802
X-Spam-Level:
X-Spam-Status: No, score=-2.802 tagged_above=-999 required=5
tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1,
DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, RCVD_IN_DNSWL_LOW=-0.7,
SPF_HELO_PASS=-0.001, SPF_PASS=-0.001]
autolearn=ham autolearn_force=no
Received: from smtp2.osuosl.org ([127.0.0.1])
by localhost (smtp2.osuosl.org [127.0.0.1]) (amavisd-new, port 10024)
with ESMTP id nKC49eRKQkql
for <bitcoin-dev@lists.linuxfoundation.org>;
Sat, 9 Jul 2022 15:15:06 +0000 (UTC)
X-Greylist: domain auto-whitelisted by SQLgrey-1.8.0
DKIM-Filter: OpenDKIM Filter v2.11.0 smtp2.osuosl.org 567A240198
Received: from wout3-smtp.messagingengine.com (wout3-smtp.messagingengine.com
[64.147.123.19])
by smtp2.osuosl.org (Postfix) with ESMTPS id 567A240198
for <bitcoin-dev@lists.linuxfoundation.org>;
Sat, 9 Jul 2022 15:15:06 +0000 (UTC)
Received: from compute3.internal (compute3.nyi.internal [10.202.2.43])
by mailout.west.internal (Postfix) with ESMTP id 556623200901;
Sat, 9 Jul 2022 11:15:05 -0400 (EDT)
Received: from mailfrontend2 ([10.202.2.163])
by compute3.internal (MEProxy); Sat, 09 Jul 2022 11:15:05 -0400
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=petertodd.org;
h=cc:cc:content-type:date:date:from:from:in-reply-to
:in-reply-to:message-id:mime-version:references:reply-to:sender
:subject:subject:to:to; s=fm1; t=1657379704; x=1657466104; bh=cM
WBdyiq7LioZdXah/s9br13XhEtArIMByamjfyz+/0=; b=BBrYIjJGTbp7SlFIj+
OWbPJq1zKWj65RbFqVIzzExBo2nU56homVS/+kanVTtpbpNYZNO1RACjZEXO9BoY
TduiUd3i3BeHTHHvhaAg74ssYelB2Ygnql+1zR2K96QFw30AXYdT4MybI2Utxkyx
xvf44z5YRfvvYP8Dh/oVFr+HeJM9fn4UI8LSt+VB5cqVhbBIlMbrarjdOyUk5lem
Udpi5ASHf15ZUMdGXpUxKt/HWchhmwuGI89AY/YAUIQV8HsqYToMqWFp8mLpASI7
z2fA+wR0DLUaRARcW6Uu/TqyjX0WcSE+CAb+Rzr8DXDm/UroJltNnMGmdRkvoJXQ
tVzA==
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=
messagingengine.com; h=cc:cc:content-type:date:date:feedback-id
:feedback-id:from:from:in-reply-to:in-reply-to:message-id
:mime-version:references:reply-to:sender:subject:subject:to:to
:x-me-proxy:x-me-proxy:x-me-sender:x-me-sender:x-sasl-enc; s=
fm3; t=1657379704; x=1657466104; bh=cMWBdyiq7LioZdXah/s9br13XhEt
ArIMByamjfyz+/0=; b=N1nd9+6s1j9kT7+yypiNhIUmwmRguXJOooff9Ql9XMZt
kjCmLk+h2C5jgBNdetYuFRUuMErDHTUqAYgldSwxqRy/+JGzTzTPpU3c7UHET8NN
n46j1GDfaXs+xDpwYsTlF+3G2zPnGj+v3uui6T/6WcA+8jlUERGb53E6AJov7Tx5
uplahM0dNGI4jGG0t/3PJIopsNNkXDDiNGHuZ7QhBqAhNkRK4lNxglgyJTPkgl21
+0tLWkm17hEsGJn1PVtndQ+lHMVmptg51eYMrY2IV/bcWhqlfckNKwuIxnuNKL92
JK9TBPGejlT9IUfiIDTZ27EfKcPIN97TadFiikoD7Q==
X-ME-Sender: <xms:eJvJYh4cWEbG_PSBVGzYqv0YzDJr-1ZzSLXakOuehys28Q1nL7VPqw>
<xme:eJvJYu4IZVTMBFfJ45I20sC7eGKGjT0PBd2XnuZn3qZBOeV7t4h2Ozt9E2JtxpsSm
dhxgSZ-E0ufay5BKFw>
X-ME-Received: <xmr:eJvJYof50kturgyrEjgSUrFR0HYUVXqbfHYQDzRImLkFoIQHQj_Iwep6Vt5Gja08aEyWgrCs-wI2T7GoinqAFMN5_JIbYo7HYp8IUQ>
X-ME-Proxy-Cause: gggruggvucftvghtrhhoucdtuddrgedvfedrudeiledgkeekucetufdoteggodetrfdotf
fvucfrrhhofhhilhgvmecuhfgrshhtofgrihhlpdfqfgfvpdfurfetoffkrfgpnffqhgen
uceurghilhhouhhtmecufedttdenucesvcftvggtihhpihgvnhhtshculddquddttddmne
cujfgurhepfffhvfevuffkfhggtggujgesghdtreertddtvdenucfhrhhomheprfgvthgv
rhcuvfhougguuceophgvthgvsehpvghtvghrthhouggurdhorhhgqeenucggtffrrghtth
gvrhhnpeelvdellefftddukeduffejgfefjeeuheeileeftdfgteduteeggeevueethfej
tdenucffohhmrghinhepphgvthgvrhhtohguugdrohhrghenucevlhhushhtvghrufhiii
gvpedtnecurfgrrhgrmhepmhgrihhlfhhrohhmpehushgvrhesphgvthgvrhhtohguugdr
ohhrgh
X-ME-Proxy: <xmx:eJvJYqL0WjTUmh2Rk4sLNrZ2y0EFEupG_5sjBR0Cg5hBMevVT-ahZA>
<xmx:eJvJYlJ5H0Ck3Wj60gdWKcfjvqvz_Xj2rCZ-hQcJcvfXjvU5jKwLow>
<xmx:eJvJYjzw5AgX0reHjzTr6JqWcV33Z3AMwYbQASfFgvxSyaR18cRzzQ>
<xmx:eJvJYnwg_eCai_U-UMACU4r-G1TiekM3KjzmB99-jBUjGdo3D7tsoQ>
Feedback-ID: i525146e8:Fastmail
Received: by mail.messagingengine.com (Postfix) with ESMTPA; Sat,
9 Jul 2022 11:15:04 -0400 (EDT)
Received: by localhost (Postfix, from userid 1000)
id 52BEC5F87C; Sat, 9 Jul 2022 11:15:00 -0400 (EDT)
Date: Sat, 9 Jul 2022 11:15:00 -0400
From: Peter Todd <pete@petertodd.org>
To: Eric Voskuil <eric@voskuil.org>
Message-ID: <YsmbdMlt/KnvRs3U@petertodd.org>
References: <Ysl4t9K8lfxRSsNM@petertodd.org>
<ABA1D62F-C22C-413C-8710-72521D4D8B21@voskuil.org>
MIME-Version: 1.0
Content-Type: multipart/signed; micalg=pgp-sha512;
protocol="application/pgp-signature"; boundary="Yw8I3j/GarOfusyM"
Content-Disposition: inline
In-Reply-To: <ABA1D62F-C22C-413C-8710-72521D4D8B21@voskuil.org>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary
X-BeenThere: bitcoin-dev@lists.linuxfoundation.org
X-Mailman-Version: 2.1.15
Precedence: list
List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org>
List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe>
List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/>
List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org>
List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help>
List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe>
X-List-Received-Date: Sat, 09 Jul 2022 15:15:07 -0000
--Yw8I3j/GarOfusyM
Content-Type: text/plain; charset=us-ascii
Content-Disposition: inline
Content-Transfer-Encoding: quoted-printable
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 s=
table money supply. Not an (monetarily) inflationary supply.
>=20
> 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?
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
--Yw8I3j/GarOfusyM
Content-Type: application/pgp-signature; name="signature.asc"
-----BEGIN PGP SIGNATURE-----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=cKxN
-----END PGP SIGNATURE-----
--Yw8I3j/GarOfusyM--
|
