Quote from: smooth on November 03, 2015, 08:58:24 PM

Quote from: kazuki49 on November 03, 2015, 07:43:55 PM

Quote from: americanpegasus on November 03, 2015, 07:22:33 PM

Also, I need to do some research into Boolberry. Do they have a trailing block reward or are they pure hard capped deflationary? If they have a hard cap on coins, then it makes the case for low inflation in Aeon all the stronger - that way there is an original Cryptonote fork with all three economic mechanisms: deflation, disinflation, and inflation.

They are deflationary - and the dev gets 1% of all coins per block mined unless the miner bother to add a special flag, I don't have problem with this but it could easily mean trouble in the future (for the dev). They got lucky the emission is considerable slower than Monero and its making up for the lack of development (but it shows signs of not being completely abandoned).

Even if the miners vote against the reward, the reward is just deferred. If miners ever vote for the reward in the future, the deferred rewards will be paid out. So it is pretty much a 1% premine, with a lock released slowly (and at an uncertain rate). The only way to get rid of the reward entirely is to hard fork.

Boolberry has no trailing reward at all, it just goes down exponential to zero eventually like Bitcoin.

On the matter of reducing the percentage every year that seems so close to a fixed tail reward amount that it doesn't seem worth pursuing as a distinct option. As I stated on reddit I prefer a fixed reward as it has self-stabilzing properties. In erok's case of burning, the fixed reward becomes a higher percentage. regrowing the money supply more quickly. If none is burned or lost, then the percentage shrinks. This tends toward a constant money supply that is a function of the average long term burn/loss rate.

But I think an small exponential percentage is not bad either. At 1% inflation, at most (assuming no burn/loss) 50% of the share of wealth of a holder who does nothing else to add value to the economy is redistributed over 70 years (sort of a lifetime, though this might be longer in the future). Even in that case the amount of wealth may still increase if the value of the total money supply grows >1%/year. I have no problem with that.

I did not know that, this is effectively a stealthy premine, I cannot support it, the Boolberry community seems nice but here I'm wishing for a takeover now.

I trust your decision as final with regard the tail emission as it will fall within the inherited social contract, it feels like shooting in the dark regarding the correct tail as the optimal economic output will depend on many external factors that are not constant either! I just agree that it should keep the mining going forever.