Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Nonsense about increasing the 21M supply cap
by
tiffy
on 14/01/2025, 02:55:04 UTC
⭐ Merited by vapourminer (1)
so we do around 52560 blocks a year if we recover 250,000  lost coins from 2009

you could add 1 coin per block  get 5 years.


So a recovery of lost coins form just 2009 in 2059 or 2052  fixes the issue for years.

It's a simple fix.  I think they will do some variation of this.

Now I want to ask you people here one more time:

Why isn't an additional PoS layer being discussed?

I understand that SHA256 mining is important during the distribution process.

But if everything or almost everything is distributed, SHA256 mining simply becomes a validation whose thermodynamic maintenance depends on the transactions themselves that are to be validated.

You then have to expand the money supply. You can call it "recycling" of "lost" coins, but in economic terms it is an expansion of the money supply.

In my opinion, an additional PoS layer would be economically less intrusive. The reward could still go 100% to the remaining SHA256 miners. But the transaction fees could be partially distributed to PoS validators.