BitShares is free market capitalism that has given power to the people of their own property
I don't want miners to have power over me, they're my coins, give me a vote. Our community would have voted Ghash.io out in a few minutes and not let them get 40%+ control. Ghash.io is what happens when you give up your personal freedom to hashers. (Not that I don't like Bitcoin, but I believe we have better models now.)
Why does the OP think distribution of coins to miners is not re-distribution of wealth but distribution to development, infrastructure and marketing is?
How has the $80 million that Litecoin paid to miners last year helped LiteCoin? - That's a messed up system having no choice but to pay 30% tax a year and getting nothing in return. (In LTC's case miners actually earned more from new coins than LTC is even currently worth.)
In the same period, with a few million dollars, BitShares developed arguably the most advanced blockchain in crypto with a decentralised exchange & BitAssets which are a technological triumph. They are already at no.5 within 6 months of release.
I have small amounts of other coins and personally I prefer no inflation but the pace of BitShares progress right now is crazy & their model means that trend is logically going to continue & leave other outdated blockchains behind.
OP's Pictures are quite funny though.
Though its coinbase transactions are, by their definition, unspendable, ones mining efforts would still be appreciated.
In
Writcoin, every client gets a say in the deflation (achieved via the funding of unspendable transactions) and inflation (achieved via the defunding of spendable transactions) of the GEC supply.
There's an overlap of currency/company here.
If you want the best blockchain in the world & world class infrastructure to go with it, unfortunately that costs money. Only the market leader really gets a free pass there. That's why the next biggest decentralised alternative to Bitcoin, LiteCoin is 1/50th the size of BTC.
BitShares is the only model out there that can realistically become bigger than Bitcoin imo maybe even as soon as 12-24 months. All the other decentralised models look destined to stay 1/100th the size of BTC with only the miners making decent money because they can't fund competitive development, infrastructure and marketing.
At a few times Bitcoin's size the income from fees will be very large and cover all general needs. So ultimately I expect BitShares to have no inflation (my preference is no inflation) and holders to actually earn a dividend.