Quote from: ohad on July 20, 2016, 01:02:53 PM

Quote from: Rw13enlib88 on July 20, 2016, 11:52:29 AM

dude,
the only point you made was about PoW
If you wanna include PoW reward, need to agree on that first and then start discussing where it's gonna come from
1) no need to change the ICO. its ok as it is.
2) No need to give AGRS for free, it's interesting enought, so just buy them
3) 2% inflation is not necesary for itself

what i have in mind regarding pow is to have a "miners tax", a dynamic percentage that'll be used for mining reward, to be able to be changed with time. unlike implicit tax-by-inflation like in bitcoin. but that's only my personal opinion -- we'll do it all over tau.

what i foresee

Bitcoin since halving has 4.17% inflation in the first year
Bitcoin since halving has 4% inflation in the second year
Bitcoin since halving has 3.85% inflation in the third year

Bitcoin miners get the inflation (new money created) + transaction fees (depends on transaction amounts and density)

Tau since creation has 0% inflation
Tau miners get the "miners tax" (dynamic % of transaction)

The point of PoW is to motivate the people to invest in the network (asics, farms)
the question is: will be enought "motivation" to invest in Tau network? (enought transactions?)

If people invest big sums of money into the Tau network, Tau will be in the next paradox

Let's imagine we set a 0.25% "miners tax" and miners are making money and users are happy because is not expensive.

If the price goes up, the miners will make much more money and people will ask for a lower "miners tax".
Then we move the dynamic % down and everybody is still happy. Miners still profitable and users have cheaper transactions.

But, if the price goes down, (which is gonna happen because of different adoption phases we gonna pass trought)
the situation will change.
Miners will complain they're not profitable anymore, that will lead to less miners, less security, more centralization of the hash power
or a rise in the dynamic %.
If you rise the %, people will found more expensive to use it, (and it's already losing value), therefore some of the investors will sell,
getting back to previous point.
Miners will complain they're not profitable anymore.
Rise the % or lose some miners...

The point is, if choosed this way of mantaining the network, we need to be very careful at the time of selecting the % and at the time of moving it (mainly downwards, cos then raise it it's gonna be a mess)