Should add AVIV (Active Value to Investor Value) (aka - True Market Mean): Thus we define the True Market Mean or the Active-Investor Price representative of the cost basis for
all coins acquired on secondary markets. We argue that this on-chain cost basis is the most accurate
model available for analysts seeking the aggregate average on-chain acquisition price by investors,
and thus a likely reference point for mean reversion models. Ref. Cointime Economics pg 71.
Should add AVIV (Active Value to Investor Value) (aka - True Market Mean): Thus we define the True Market Mean or the Active-Investor Price representative of the cost basis for
all coins acquired on secondary markets. We argue that this on-chain cost basis is the most accurate
model available for analysts seeking the aggregate average on-chain acquisition price by investors,
and thus a likely reference point for mean reversion models. Ref. Cointime Economics pg 71.
So if i mined a bitcoin last week and have never sold or moved it that bitcoin would be defined as 'lost' and not included in the true market mean?
That is correct yes.