For a cryptocurrency, the cons of diminishing block subsidies (as required by a capped supply) are 1) concentration of wealth on early adopters 2) no long ter

For a cryptocurrency, the cons of diminishing block subsidies (as required by a capped supply) are 1) concentration of wealth on early adopters 2) no long term security unless you have a constant backlog of high-fee paying transactions I think an uncapped, disinflationary emission is to be preferred [1]. [1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...