Bitcoin developer Peter Todd’s proposal for permanent miner rewards has reignited a dispute over the network’s 21 million supply cap. The debate resurfaced after Bitcoin++ posted a recording of Todd’s July 23 Toronto talk, “Tail Emissions and Demurrage,” on Aug. 14. Critics say ongoing issuance would dilute holders and undermine Bitcoin’s fixed-supply promise. Todd argues that miners may eventually need a predictable revenue floor as halvings reduce block subsidies and the network approaches a fee-only security model. He has suggested that continuing issuance could offset bitcoin lost through inaccessible keys, while also discussing charges on idle coins. Opponents say future key loss cannot be measured reliably and that either approach would alter Bitcoin’s monetary rules. Todd said a tail-emissions hard fork is unlikely within five years, making the proposal a distant, contentious question rather than an imminent protocol decision. https://news.bitcoin.com/featured/peter-todds-tail-emissions-pitch-sparks-bitcoin-inflation-debate/