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
|
Return-Path: <dave@dtrt.org>
Received: from smtp3.osuosl.org (smtp3.osuosl.org [IPv6:2605:bc80:3010::136])
by lists.linuxfoundation.org (Postfix) with ESMTP id 00ECDC002D
for <bitcoin-dev@lists.linuxfoundation.org>;
Mon, 18 Jul 2022 11:44:04 +0000 (UTC)
Received: from localhost (localhost [127.0.0.1])
by smtp3.osuosl.org (Postfix) with ESMTP id CF12560F47
for <bitcoin-dev@lists.linuxfoundation.org>;
Mon, 18 Jul 2022 11:44:03 +0000 (UTC)
DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org CF12560F47
X-Virus-Scanned: amavisd-new at osuosl.org
X-Spam-Flag: NO
X-Spam-Score: -0.502
X-Spam-Level:
X-Spam-Status: No, score=-0.502 tagged_above=-999 required=5
tests=[BAYES_05=-0.5, SPF_HELO_PASS=-0.001, SPF_PASS=-0.001]
autolearn=ham autolearn_force=no
Received: from smtp3.osuosl.org ([127.0.0.1])
by localhost (smtp3.osuosl.org [127.0.0.1]) (amavisd-new, port 10024)
with ESMTP id myFBgRHso664
for <bitcoin-dev@lists.linuxfoundation.org>;
Mon, 18 Jul 2022 11:44:02 +0000 (UTC)
X-Greylist: delayed 00:09:20 by SQLgrey-1.8.0
DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org 93E3D60B47
Received: from smtpauth.rollernet.us (smtpauth.rollernet.us
[IPv6:2607:fe70:0:3::d])
by smtp3.osuosl.org (Postfix) with ESMTPS id 93E3D60B47
for <bitcoin-dev@lists.linuxfoundation.org>;
Mon, 18 Jul 2022 11:44:02 +0000 (UTC)
Received: from smtpauth.rollernet.us (localhost [127.0.0.1])
by smtpauth.rollernet.us (Postfix) with ESMTP id 00D432801D33;
Mon, 18 Jul 2022 04:34:40 -0700 (PDT)
Received: from webmail.rollernet.us (webmail.rollernet.us
[IPv6:2607:fe70:0:14::a])
(using TLSv1.2 with cipher ECDHE-RSA-AES128-GCM-SHA256 (128/128 bits))
(Client did not present a certificate)
by smtpauth.rollernet.us (Postfix) with ESMTPSA;
Mon, 18 Jul 2022 04:34:39 -0700 (PDT)
MIME-Version: 1.0
Date: Mon, 18 Jul 2022 01:34:39 -1000
From: "David A. Harding" <dave@dtrt.org>
To: Peter Todd <pete@petertodd.org>, Bitcoin Protocol Discussion
<bitcoin-dev@lists.linuxfoundation.org>
In-Reply-To: <YssL6VL9y6EwyBjr@petertodd.org>
References: <D50AEC8C-4EEC-4C17-8626-87C651F1AA66@voskuil.org>
<6xuj-ljJ9hvME-TIgWHmfPpad4aJ-1zTYSH1NBuFL_gi-6hJHMayWLEAhcEyw_lqmkR24ee8uMIAH6n4TDguk_5fJ8och99Em3m5y1R6brE=@protonmail.com>
<YssL6VL9y6EwyBjr@petertodd.org>
User-Agent: Roundcube Webmail/1.4.10
Message-ID: <08a53f48e81f1da06bd688e524ae4ec7@dtrt.org>
X-Sender: dave@dtrt.org
Content-Type: text/plain; charset=US-ASCII;
format=flowed
Content-Transfer-Encoding: 7bit
X-Rollernet-Abuse: Contact abuse@rollernet.us to report. Abuse policy:
http://www.rollernet.us/policy
X-Rollernet-Submit: Submit ID 73f5.62d5454f.988dd.0
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: Mon, 18 Jul 2022 11:44:04 -0000
On 2022-07-10 07:27, Peter Todd via bitcoin-dev wrote:
> The block subsidy directly ties miner revenue to the total value of
> Bitcoin:
> that's exactly how you want to incentivise a service that keeps Bitcoin
> secure.
I'm confused. I thought your argument in the OP of this thread was that
a perpetual block subsidy would *not* be tied to the total value of
bitcoin. It'd be tied to the total value of bitcoin *lost* each year on
average.
If so, would you then agree that the inability of a perpetual block
subsidy to directly tie miner revenue to the total value of Bitcoin
makes it not exactly how we want to incentivise a service that keeps
Bitcoin secure?
Thanks,
-Dave
|
