HanShan on Nostr: yeah exactly the general game theory on this is usually expressed through the "free ...
yeah exactly
the general game theory on this is usually expressed through the "free rider problem"
basically
when there's network security cost and only a subset of users pay for it (people making txs)
everyone tries to be a "free rider", ie part of the group that *doesn't pay for security (hodlers).
according to the theory,
the security of such a network trends towards zero.
https://en.m.wikipedia.org/wiki/Free-rider_problem
whether it works out that way in practice is of course another story.
but the point I want to make
is that tail emission is a legitimate tradeoff.
there are other tradeoffs Monero makes that can be criticized
but its not reasonable to argue tail emission makes it shitcoin IMHO.
the general game theory on this is usually expressed through the "free rider problem"
basically
when there's network security cost and only a subset of users pay for it (people making txs)
everyone tries to be a "free rider", ie part of the group that *doesn't pay for security (hodlers).
according to the theory,
the security of such a network trends towards zero.
https://en.m.wikipedia.org/wiki/Free-rider_problem
whether it works out that way in practice is of course another story.
but the point I want to make
is that tail emission is a legitimate tradeoff.
there are other tradeoffs Monero makes that can be criticized
but its not reasonable to argue tail emission makes it shitcoin IMHO.