krobbies on Nostr: One last one, related to # 1 CLAIM: Inflation is unnecessary and constitutes theft. ...
One last one, related to # 1 CLAIM: Inflation is unnecessary and constitutes theft.
Refutation:
• Tail emission (perpetual fixed block reward) ensures long-term network security by incentivizing miners to maintain the blockchain even when transaction fees are low.
• Without this mechanism, miners might abandon the network as rewards diminish, exposing it to attacks or degradation. Tail emission is not theft but a carefully designed economic model to sustain decentralization.
• There is no assymetric benefit.
Refutation:
• Tail emission (perpetual fixed block reward) ensures long-term network security by incentivizing miners to maintain the blockchain even when transaction fees are low.
• Without this mechanism, miners might abandon the network as rewards diminish, exposing it to attacks or degradation. Tail emission is not theft but a carefully designed economic model to sustain decentralization.
• There is no assymetric benefit.