Ninjastic
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 04/02/2016, 02:35:20 UTC
Quote from: wachtwoord on February 03, 2016, 12:30:42 PM
Quote from: ArticMine on February 03, 2016, 12:35:00 AM
Quote from: wachtwoord on February 03, 2016, 12:23:46 AM
...

Thanks. That means it's not solved at all (which is ashame of course, but good for Monero).

I do like they dont have a tail emission (I hate that in Monero, smells like Keynsianism, just secure the chain with fees).

The tail emission of Monero places the inflation rate of Monero below the historical inflation rate of gold which after all is the "gold standard" of hard money of Austrian school economists. If anyone has a solution to both secure the chain only with fees and at the same time allow for an adaptive blocksize limit there are many in the Bitcoin community that would love to see this solution. This is after all the real issue behind the blocksize debate in Bitcoin.

 

Securing the chain only with fees is fixed. Just don't increase the block size.

This does work, I think. However, Monero does not have a fixed block size. One of the original value propositions (stated explicitly in the white paper) is to remove those arbitrary limits (i.e. who gets to decide on the block size) from Bitcoin, and if you do that, then you do need a tail emission.