Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 04/08/2019, 20:11:50 UTC
Tail emission forever *is* infinite coins. Monero’s tail emission rate is 3.6%.  

Tail emission is a fatal flaw.

Hairy, stop pretending you know what you're talking about.  There's A LOT of people who question whether a digital shitcoin can work with zero block reward - I think even a few Bitcoin devs like Peter Todd.  There are numerous adversarial mining strategies that don't work with a block reward but do work without one.  It gets stupidly complex once you get into all the block withholding attacks and other bs:

https://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/

Regardless of how you want to look at it, it's a FACT:  the lower the block reward goes, the less secure Bitcoin is.  A static block reward is an inflation tax on all.  You're robbing all hodlers to pay miners for security.  A block reward of zero and transaction fee tax subsidy is inherently less secure because you're drawing upon less coffers, and they can either be unwilling or unable to foot the same bill as a much large pool of people in an inflation tax.