Re: [bitcoin-dev] Drivechain RfD -- Follow Up

2017-06-23 Thread Erik Aronesty via bitcoin-dev
> They would certainly not be cheap, because they are relatively more expensive due to the extra depreciation cost. This depends on how long you expect to keep money on a side chain and how many transactions you plan on doing. Inflation is a great way of paying PoS / PoB miners - that cannot in

Re: [bitcoin-dev] Drivechain RfD -- Follow Up

2017-06-23 Thread Moral Agent via bitcoin-dev
>Miners who are able to deal with the bandwidth caused by drivechain coffee transactions will profit from these transactions, whereas smaller and more geographically distributed miners will not. Those miners will, in turn, build faster ASICs and buy more electricity and drive out smaller players.

Re: [bitcoin-dev] Drivechain RfD -- Follow Up

2017-06-23 Thread Paul Sztorc via bitcoin-dev
On 6/23/2017 10:19 AM, Erik Aronesty wrote: > > They would certainly not be cheap, because they are relatively more > > expensive due to the > extra depreciation cost. > > If you design the inflation schedule correctly, it should be balance > transaction costs *precisely*. You have not explained