Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
Zahlen
on 30/01/2014, 01:11:11 UTC
I look forward to rich get richer because i think it may be a legit criticism. I would love for you [Salsacz] to make a strong argument to the contrary. here is my line of thinking.

If you think through the forging process logically suppose you have 2 actors forging, one with 2million nxt and one with 1million nxt. The net balance of payments will tend to flow from the account with 2million nxt into the account with 1 million nxt only if the account with 2million nxt engages in greater than twice as many transactions as the account with 1 million nxt. This indicates that its not necessarily about how much nxt you have, how many transactions you make plays a big part. ...

That assumes transaction fees remain at 1 nxt. If it were a non-negligible % of amount sent instead, assuming the 2 mil guy spends ~twice as much as the 1 mil guy, the gap will gradually close.

I'm seeing a lot of arguments about voting from different people assume this fixed tx fee too. Keep in mind that this likely won't remain the case.