3 ms·
I completely agree. Another thing I've been thinking about is this: What if, instead of creating inflation by adding new coins, you create "inflation" by direc
by cowtools 4y ago
I completely agree. Another thing I've been thinking about is this:
What if, instead of creating inflation by adding new coins, you create "inflation" by directly decreasing the value of transaction outputs, and you just keep the coinbase reward constant?
Depending on the model, you could make it so that outputs eventually go to zero, so they won't need to be recorded on the ledger forever. The old outputs just get garbage-collected.
- wmf 4y agoWhat if you create "inflation" by directly decreasing the value of transaction outputs This is called demurrage and it's been discussed a few times. People find it very confusing when their wallet balance magically goes down but they find it less confusing when their balance stays constant but prices increase.