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| author | Peter Todd <pete@petertodd.org> | 2022-07-10 13:29:51 -0400 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2022-07-10 17:29:58 +0000 |
| commit | cfd6711eee8ebed359bc961f731e53f82b22a75c (patch) | |
| tree | 2a389e05b7fa8781ed8ac4765172cf2e8b60fcae | |
| parent | 87014507014d365d26100d3b5669dee6583ca92f (diff) | |
| download | pi-bitcoindev-cfd6711eee8ebed359bc961f731e53f82b22a75c.tar.gz pi-bitcoindev-cfd6711eee8ebed359bc961f731e53f82b22a75c.zip | |
Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary
| -rw-r--r-- | a5/92bd3b9552271882f43a208c7363ff9f58252d | 168 |
1 files changed, 168 insertions, 0 deletions
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Sun, + 10 Jul 2022 13:29:53 -0400 (EDT) +Received: by localhost (Postfix, from userid 1000) + id 41F2C5F87C; Sun, 10 Jul 2022 13:29:51 -0400 (EDT) +Date: Sun, 10 Jul 2022 13:29:51 -0400 +From: Peter Todd <pete@petertodd.org> +To: alicexbt <alicexbt@protonmail.com>, + Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Message-ID: <YssMj9KTiBi7KeuW@petertodd.org> +References: <D50AEC8C-4EEC-4C17-8626-87C651F1AA66@voskuil.org> + <6xuj-ljJ9hvME-TIgWHmfPpad4aJ-1zTYSH1NBuFL_gi-6hJHMayWLEAhcEyw_lqmkR24ee8uMIAH6n4TDguk_5fJ8och99Em3m5y1R6brE=@protonmail.com> + <eFdBAPulC6BoW5zBt30Mq4fXhnRzVENMjsfGrj1Yzbi-Z-wje21pCwEpMQ6Tc27m8LdhMN_66UX3Ze1BNAU9rsgqF-1JRV40s1QU9zSJ6js=@protonmail.com> +MIME-Version: 1.0 +Content-Type: multipart/signed; micalg=pgp-sha512; + protocol="application/pgp-signature"; boundary="U+h7QdRS1PPsfSrc" +Content-Disposition: inline +In-Reply-To: <eFdBAPulC6BoW5zBt30Mq4fXhnRzVENMjsfGrj1Yzbi-Z-wje21pCwEpMQ6Tc27m8LdhMN_66UX3Ze1BNAU9rsgqF-1JRV40s1QU9zSJ6js=@protonmail.com> +Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.15 +Precedence: list +List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Sun, 10 Jul 2022 17:29:58 -0000 + + +--U+h7QdRS1PPsfSrc +Content-Type: text/plain; charset=us-ascii +Content-Disposition: inline +Content-Transfer-Encoding: quoted-printable + +On Sun, Jul 10, 2022 at 02:17:36PM +0000, alicexbt via bitcoin-dev wrote: +> Hi ZmnSCPxj, +>=20 +>=20 +> > Thus, we should instead prepare for a future where the block subsidy mu= +st be removed, possibly before the existing schedule removes it, in case a = +majority coalition of miner ever decides to censor particular transactions = +without community consensus. +> > Fortunately forcing the block subsidy to 0 is a softfork and thus easie= +r to deploy. +>=20 +> `consensus.nSubsidyHalvingInterval` for mainnet in [chainparams.cpp][1] c= +an be decreased to 195000. This will reduce the number of halvings from 34 = +to 14 and subsidy will be 0 when it becomes less than 0.01 although not sur= +e if this will be a soft fork. + +What exactly would the benefit be of going through all the political headac= +he +of a soft fork for what I assume you are thinking would be an insignificant +change in total miner revenue? + +Or do you think total transaction fees at that point would be less than +0.01BTC? + +--=20 +https://petertodd.org 'peter'[:-1]@petertodd.org + +--U+h7QdRS1PPsfSrc +Content-Type: application/pgp-signature; name="signature.asc" + +-----BEGIN PGP SIGNATURE----- + +iQIzBAEBCgAdFiEE0RcYcKRzsEwFZ3N5Lly11TVRLzcFAmLLDIwACgkQLly11TVR +Lzenbw//TQnrfeqLVD6EueDqTC1H1M+HB7pnlTu7QxB8KbyL79lkBYJLcKFn8PhX +tzhuFljxfJm2bUeFyH3OgFgUcJf4Xiwz1wBGOyC5KOtpVeXRPouU9/ro79zFADmK +RyjXK+2vXOPIDky0J69+OJ+auq3KAlauNOoKHKrGLWhH8bkulAjeHHZmdHLAJRtr +oegnuR1qmRivXclUzymwHOqwguD+qvxlk6E4P/tSlk3wh2EtO8wANRaob40X2Deo +mDwRYmidpaSdTKDIr+l5vwvEGQBXRcTsA7xJ8+Ca8dJf9PVTgmF13kt05g8fJdEf +Nuvp4rGvTooReO6gH9qRsOqg8apuPa+tkzOPZDH3rWPDuv5M/UpLgac6EHhgWWhd +9Uv2Xk46Yc4HhYFv6I57yshzFXzLORk3SwwBF3+5pgSsaUSLc9RX0TYC7IQ25toI +yIJuW9WPgXVkyT5dN30Uei1JF7NhikwPm4m3v02cB9oEzMPg3t9BPjHDd0zQPPja +2FFBGHqC/Iqmlkyh9mThmgWx5sc4oOPE21EUk3gcJSLvRk/RANrZwtVWhUdoirAE +KsB3sn1ZoOLxEyjOEVihLSHdyKv3Erxy2D038kbM54cmW1o7uh2DUMsNjA5haXid +bYT8Xjm/AUcBNPAOP5rTChdrY3ERAqBuJpfuYr5Fi8IHPGe0W94= +=jJT+ +-----END PGP SIGNATURE----- + +--U+h7QdRS1PPsfSrc-- + |