On Oct 1, 2017, at 14:20, John Tromp <john.tr...@gmail.com> wrote:Perhaps at the 9-year mark, that's not so bad... 11 percent drops to single
digits in another year, drops below 5% in another 10 years. But those first
9 years are brutal to anyone using the coin as a store of value,
Yes; grin would look unsuitable as store of value (HODL unfriendly)
for the first few decades.
Only those who expect long term price growth will risk
substantial investments during this time.
Actual dilution rate could be significantly lower if fees were burned and grin becomes popular for payments.
Let's assume we want 0% dilution after grin reaches Visa like 2000 tx/s use with a block time of 10 seconds, then we create a minimum transaction fee rule that is about 1/20000 of the constant block reward.
Using Bitcoin's current numbers: Reward scaled to 10 seconds blocks: 12.5/60 = 0.20833 BTC, then minimum tx fee should be 1041 satoshi, that is 4ct now.
Garrick Ollivander
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