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 _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
