Post
Topic
Board Altcoin Discussion
Re: Satoshi didn't solve the Byzantine generals problem
by
r0ach
on 20/04/2016, 00:04:40 UTC
There is a permanent tail reward turnover in my design. And it is still unprofitable.

I'm honestly not ready to throw in the towel on inflation due to being a completely arbitrary number that opens an enormous slippery slope for alteration by succesors.  Inflation also just being a form of social engineering that people will always attempt to bypass by utilizing other systems.  It has further benefit due to the fact that Bitcoin mining profit trends towards zero, but with a deflationary system with no inflation involved, there is still incentive to mine it anyway due mining acting as futures market with a time opportunity cost that allows for forward profits.  Also due to the fact stated below:

Transaction fee as block reward with zero inflation being the far lesser of evils to the point where it can only be considered a work of art.