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The inflation rate over time will actually tend to zero, since each additional 5bn coins represents a smaller proportion of the total amount. A constant quantit
by iwwr 13y ago
The inflation rate over time will actually tend to zero, since each additional 5bn coins represents a smaller proportion of the total amount. A constant quantity over time translates into a decreasing rate of inflation.
- mpyne 13y agoThat's not accounting for lost coins (either because the wallet is lost or the owner is prevented from spending them). The idea in the github thread seems to be that the 5% inflation should approximately cancel out the unknown loss of coins that would be going on.
- iwwr 13y agoThat's also insufficient over the long term since coins are lost as a proportion of the total per unit of time.