Quote from: ArticMine on January 18, 2016, 07:51:48 AM

Quote from: smoothie on January 18, 2016, 07:34:50 AM

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Nice write up.

And how would you tie this MONERO writeup in contrast to Bitcoin not having a tail emission and what that may imply in the future?

Thanks.

If one tried to apply the Cryptonote adaptive blocksize formula to Bitcoin one would run into the exact same problem as for Bytecoin, and the attack would work. I believe this lies at the heart of the strong opposition to increasing the blocksize in Bitcoin on the part of many of the core Bitcoin developers. They correctly sense this danger. The same would apply to Litecoin, Dash (somewhat more complex in this case but the same principle applies) or similar coins without a tail emission; however it would not apply to Dogecoin since it has a tail emission.

My take on the Bitcoin situation is that the sharp divisions among the developers are due to the fact that a solution has not been found and may in fact not be possible without changing the maximum 21,000,000 XBT hard limit.

I think it is possible. For example, a minimum transaction fee could be set and burned by the protocol. Those burned satoshis could be recycled into new block rewards which could make block rewards permanent without busting 21m. It would have other negative consequences but it isn't impossible (though I'm sure would still be a bruising battle for Bitcoin, judging by recent events). PPC has a burned transaction fee, though with inflationary-PoS.