While this discussion is a nice excuse to use some mildly interesting math, in the end itβs totally pedantic.
Thought this was interesting to share
Peter Todd
"In the case of Monero, theyβve introduced tail emission at a point where it represents a 0.9% apparent monetary inflation rate6. Since the number of previously lost coins, and the current rate of coin loss, is unknown7 itβs not possible to know exactly what the true monetary inflation rate is right now. But regardless, the rate will only converge towards zero going forward."
"The fact is, economic volatility dwarfs the effect of small amounts of inflation. Even a 0.5% inflation rate over 50 years only leads to a 22% drop. Meanwhile at the time of writing, Bitcoin has dropped 36% in the past year, and gained 993% over the past 5 years. While this discussion is a nice excuse to use some mildly interesting math, in the end itβs totally pedantic."
#monero #bitcoin #inflation
https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
Discussion
What you just said doesnβt make sense. Bitcoin supply will ultimately go to zero at its rate. There is plenty of btc lost forever. Explain you understanding of βmildly interesting mathβ. I may not like Pete but heβs great with math and that includes high math.