Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
CoinHoarder
on 25/04/2014, 00:41:53 UTC
No pun intended, but you are embarking upon a slippery slope.

Please leave Bitcoin the way it is- we don't need no stinkin' 10% annual inflation. To put it into perspective the US dollar currently inflates at around 1% annually.. 10% is just a ridiculous number.
You get it upside down.

Currently, Bitcoin money supply inflate +10% a year. Fixed money supply + X% dividends equal X% deflation a year. PoW is inflationnist, PoS is deflationnist.

Good point.

However, the 10% a year number will slowly decrease to 0% over time.

I see no mention in the proposal to allow for a slow decrease in the dividend percentage to mimic the future rate of minting.

Also, I see the bigger problem being people losing trust in Bitcoin (which I just edited into my previous post- see above).