the effect of supply on demand does indeed require that buyers know something about the supply
I mean, just think about it for a moment: how many bitcoins were "lost" today? Was it 0 or 100,000? Perhaps it's -100,000, because somebody gained access to 100,000 that were previously lost.
If it doesn't make a difference, then the supply isn't affecting demand
If it DOES make a difference, then demand can't be affected, because nobody knows whether it was 0 or 100,000 or -100,000
I mean, just think about it for a moment: how many bitcoins were "lost" today? Was it 0 or 100,000? Perhaps it's -100,000, because somebody gained access to 100,000 that were previously lost.
If it doesn't make a difference, then the supply isn't affecting demand
If it DOES make a difference, then demand can't be affected, because nobody knows whether it was 0 or 100,000 or -100,000