Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
What is the reason that the new coins should be given in proportion to existing coins, iff the holder also does some work?
If the work done is equivalent for 1 and 10,000 coin holder, should the reward not be also?
This is hard to arrange. A rich miner with 10,000 coins could split their holding into 10,000 wallets of 1 coin each, and present to the network as 10,000 poor miners, and there-by get 10,000 times the reward.If the work done is equivalent for 1 and 10,000 coin holder, should the reward not be also?
Are we rewarding from the work, or just instituting inflation? If latter, what was the point exactly..
