Re: [ANN][INF8] Infinium-8. Anonymity & CPU-mining. LAUNCHED!

Infinium-8 has been discussed in the thread named rpietila Altcoin Observer. I would like to reflect their opinion here.

Quote from: AnonyMint on July 27, 2014, 04:50:31 AM

Quote from: anonymous

Infinium-8 just released is the first cryptonote to have inflation but no other features

They have chosen an interesting inflation peramater
Block_reward = log2(difficulty) * 2^40

Essentially the block reward increases linearally with difficulty.
The inflation on this coin will still effectivally go to zero but not nearly as fast as those with only a fixed block reward like dogecoin.

log2 (2^x) = x

log10(10^x) = x

log2(10^x) = x / log10(2)

Thus we see that exponential growth (K^x) is converted to linear growth using a log of any base, not just logK. The base K is only a constant factor (as shown by the / log10(2)).

So they convert an assumed exponential growth in hashrate to a linear growth in nominal debasement rate.

Edit: they are increasing the nominal debasement rate, not decreasing it as most coins do. If the hashrate growth eventually slows, then the percentage rate of debasement must decline asymptotically towards 0,

This statement probably false since the power of computers is growing constantly - Infinium8

Quote from: AnonyMint on July 27, 2014, 04:50:31 AM

but early on the curve is much less favorable to early adopters and thus more fair and theoretically better for the network effects.

Edit#2: it rewards adding more hashrate to the system which is good for security. But a doubling of the hashrate at much higher nominal levels has a much less increase on nominal debasement, e.g. log(4) / log(2) = 2 and log(16) / log(8 ) = 1⅓.