4 ms·
> If only the bitcoin algorithm had been designed with a slow-but-steady inflation rate built in. Or just with a fixed block subsidy. A pure linear emission. T
by tromp 3y ago
> If only the bitcoin algorithm had been designed with a slow-but-steady inflation rate built in.
Or just with a fixed block subsidy. A pure linear emission. That would already strongly deter speculation, as it takes a century to get supply inflation rate down to 1%.
- friend_and_foe 3y agoThat's my favorite thing about Grin, the simplicity of the emission curve. It doesn't lend itself well to early speculative adoption, but it does work really well for long term utility, which is supposed to be the point of all this. I know, there's so much more beauty in Grin, cut through, your absolutely wonderful proof of work scheme, but the simplicity and elegance of the emission scheme was what first piqued my interest and made me realize this is no steel reinforced bridge, this is a stone pyramid.