Quote from: kokojie on December 17, 2014, 09:10:58 PM

Quote from: interlagos on December 17, 2014, 07:18:53 PM

When distribution ends the network is still guarded by an algorithm, this is the only way to keep money away from politics.

No, the network is guarded by how expensive it is to attack it.

Algorithm alone does nothing, there's a ton of altcoin got attacked to death, and they uses the exact same algorithm as Bitcoin.

I will put it another way.
The network is guarded by the amount of competition, which in turn is judged by the algorithm.
Yes, coins that have little relevance or importance are easy to attack, but that's not the point.
Everything can be attacked. What I'm sayng is that humans are more prone to that than an open algo.

Quote from: kokojie on December 17, 2014, 09:10:58 PM

The past 5 years has shown, the natural equilibrium is reached with an annual PoW mining expense of 10% fiat value of Bitcoin market cap.

Therefore, investors/stakeholders of Bitcoin will pay a 10% tax in fiat value on their Bitcoin holdings, perpetually.

Now of course there are other factors affecting the price, such as new money coming in, or existing money leaving the eco-system. It's up to the investor/stakeholder to decide whether inflow of new money will offset the 10% mining tax.

There is no tax, just a distribution of coins. If 10% of new coins being emitted per year, then rougly the same amount of money will be spent mining them. The same goes for 5%, 2% of the market cap and so on. Money in, money out - no tax!