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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>
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Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary
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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
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