Re: TAUCoin “Proof of Transaction” - features debate and bounty for 12 months
TAUcoin debate daily topic 10/26/2018
Continuation of reward clipping discussion. What will happen if there is no limit on reward received from one transaction (say, someone pays 0.1 TAU transaction fee can earn 1 TAU later from this transaction)? Imagination please
Says dont work. But if you really pay, for example, reward in 1 tau for a transaction in 0,1tau fees to the first 1000 members of the community, the community grows exponentially to 1mln, 2mln, 10mln etc. That growth will stop only you stop pay reward. It looks like a typically Ponzi scheme. On the planning horizon in 5-10 years we lose all in that case. At the initial stage, it maybe works. Need to stop in time.Continuation of reward clipping discussion. What will happen if there is no limit on reward received from one transaction (say, someone pays 0.1 TAU transaction fee can earn 1 TAU later from this transaction)? Imagination please
Question is, are there people right now doing that? it will only give advantage to teh first people who will actually do it. And we have to wait for the mobile mining launch to see its effects. The first 1000 members might not even be aware of this mechanism. even so, community will not grow basically just by adding transactions. It could be that only one person is doing ALL these transactions.