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Sorry but this is a ridiculously stupid reasoning. You're relying on coins being lost (unknown amount) to counteract rewards and closing there's no inflation du
by hanniabu 6y ago
Sorry but this is a ridiculously stupid reasoning. You're relying on coins being lost (unknown amount) to counteract rewards and closing there's no inflation due to that.
This also assumes that miners will be holding enough bitcoin that price increases alone will not only pay for their operations but also cover a reasonable interest in their holdings. It's not logical to think this will happen. And even of it does, you'll be left with only a handful of miners.
- konschubert 6y agoI think your second paragraph is wrong, since the parent suggests that a block reward will still be paid through newly minted coins.