3 ms·
Most cryptocurrencies were designed that way, but some have a so-called tail emission making them disinflationary. One even has a completely linear emission of
by tromp 3y ago
Most cryptocurrencies were designed that way, but some have a so-called tail emission making them disinflationary. One even has a completely linear emission of 1 coin per second forever since launch.
- dale_glass 3y agoThat doesn't help because inflation needs to be in tune with the economy, so somebody has to be able to adjust the amount. If the tail emission is too small then it's still deflationary. If it's too big, then there's too much inflation. To adjust properly there has to be somebody who decides what "in tune" is. We're either back to centralization, or it's some sort of popularity vote which is unlikely to produce the right result.
- aidenn0 3y agoIt might be possible to have it self-tune to transaction volume, no?
- dale_glass 3y agoIt's not about the volume, but about the economy though. If somebody keeps sending coins back and forth between their own wallets, that's not economical activity.
- aidenn0 3y agoAssuming there is a charge for transfers, that sets a minimum bound on the expected global utility of a given transfer, the sum of which, would intuitively be correlated with the size of the economy.