On Thu, Nov 18, 2021 at 09:29:24PM +0100, Prayank via bitcoin-dev wrote:
> After reading all the emails, personally experiencing review process
> especially on important issues like privacy and security, re-evaluating
> everything and considering the time I can spend on this, I have decided to do
1...
> Degradation
Remember, if hash rate declines (no sign that it will so far), the
net-effect is longer clearance times for large transactions.
It's not "failure" or "breaking"
2...
Certainly, if demand for blockspace isn't high enough to support clearance
then the *first *thing to do would
Fortunately halving in 2020 will be non destructive because it looks like we
will have higher difficulty in 2024 than in 2020.
Let's assume the worst case scenario: after halving in 2024, we have regression
of difficulty in 2028. Annual inflation rate in 2028 is 0.81%. Removal of
halvings in t
While constant tail emission does in fact converge to 0 inflation over time
(which bitcoin's halvings do as well mind you), tail emission does *not*
solve the potential problem of mining rewards, it only delays it. A tail
emission of 200,000 btc/year (~1% of the current supply) would be
equivalent
