Post
Topic
Board Altcoin Discussion
Re: Satoshi didn't solve the Byzantine generals problem
by
TPTB_need_war
on 20/04/2016, 00:08:06 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.  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.

There is no inflation with a tail reward.

Any smallish level of inflation will result in a constant spendable money supply (click the quoted link for the math):

[...]Monero's perpetual tail reward which is necessarily a fixed # of coins[...]