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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 To: alicexbt , Bitcoin Protocol Discussion Message-ID: References: <6xuj-ljJ9hvME-TIgWHmfPpad4aJ-1zTYSH1NBuFL_gi-6hJHMayWLEAhcEyw_lqmkR24ee8uMIAH6n4TDguk_5fJ8och99Em3m5y1R6brE=@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: 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 List-Unsubscribe: , List-Archive: List-Post: List-Help: List-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--