Quote from: monsterer on February 09, 2016, 09:33:14 AM

Quote from: Come-from-Beyond on February 09, 2016, 08:40:15 AM

And subsidy was removed because a DAG-based coin with subsidy can't come to a consensus and find Nash equilibrium at the same time.

I'd like to hear why you say this, or can you direct me to a proof?

We didn't find a solution that would allow to add subsidy into a DAG-coin without lowering its security. This can't be treated as a proof, but I hope you'll give me a discount because asymmetry of proofs is very large, i.e. it's hard to prove that unicorns don't exist but is trivial to prove the opposite if you happen to find one.

PS: Miners would compete against each other if subsidy was allowed, moving consensus convergence point beyond the horizon.

EDIT: On the first sight, this looks as an excuse for explaining why Iota went sale route instead of generating the tokens a-la Bitcoin. If you have thought so, spend 5 seconds to look at the design again.