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  • whether they are going to be made and held

    what does this mean?

    holding a share (or a coin) does not reduce the number of shares (or coins) in circulation. cancelling a share (or coin) does.

  • No agreed, but if someone has always held and boarded lots so they've never been in circulation and they're then cancelled / lost, the number in active circulation is the same isn't it?

  • hoarded assets are still in effect "in circulation" imo, up to they point that they are irrevocably lost or destroyed.

    as the hoarder could always change their mind, they could be inherited etc and placed into the market. most assets are not continually for sale.

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