-
white_yetiDoes anyone knows if the author(s) of this project github.com/creating2morrow/neveko hangs in here?
-
ArticMineThe tail emission is mentioned in this post bitcointalk.org/index.php?topic=583449.0 Note: the figure of 0.3 XMR per block refers to when Monero had 1 min blocks. It was changed to 0.6 XMR when Monero hard forked to 2 min blocks to maintain the inegrity of the money supply / social covenant. The very early versions of the post had less than 1%, and yes the idea was that Monero would at most have an inflation rate than the historical
-
ArticMineinflation rate of gold.
-
ArticMineHere is a history of this post web.archive.org/web/20140615000000*…intalk.org/index.php?topic=583449.0
-
ArticMineEssentially the allowance for the tail emission was "lock in" via a social covenant in the early posts, as less than 1% It was subsequently added to the code. I believe in 2014 or 2015. I recall actually insisting on this
-
ArticMineThe rest is history.
-
ArticMineAlso very relevant is that smmoth developed the theory that an equilibrium between the tail emission and lost coins will actually to a stable money supply. There is an excellent article by Peter Todd on this subject petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
-
ArticMineCorrection: smooth
-
ArticMineBy the way the entire security model rests on the tail emission. If it were not for the tail emission Monero would fail to 51% attacks and spam attacks. This being said many back in 2014 myself included did not realize the critical importance of the tail emission. We were after all Bitcoiners some of use even former Bitcoin maxis.
-
ArticMineI gave up on Bitcoin in 2015.
-
ArticMineWhen Roger Ver was censored over scaling.
-
ArticMineThat confirmed my suspicion that the technical problems were insurmountable and consensus was likely impossible
-
ArticMineCensorship in my view was a symptom of insurmountable technical problems.
-
m-relay<k4r4b3y:karapara.net> ArticMine, I am interested in learning about the dynamic blocksize dynamics
-
m-relay<endor00:matrix.org> k4r4b3y: youtube.com/watch?v=btauHXDIM8M
-
m-relay<endor00:matrix.org> From the man himself
-
m-relay<k4r4b3y:karapara.net> Specifically, how the mechanics around the miner earnings, the blocksize growth, and the transaction fee dynamics.
-
m-relay<k4r4b3y:karapara.net> Where can I read on these topics. Preferably, in a non math-heavy format, as I am a novice in my understanding currently.
-
m-relay<k4r4b3y:karapara.net> I listened to this talk back when it was released. However I got lost as the presentation went on about the maths. I would prefer some blog-post-like, verbal explanation of the dynamics first. And then, I can dive into the maths if mecessary.
-
m-relay<k4r4b3y:karapara.net> Well my messages aren't being sent i guess.. Test
-
UkoeHBk4r4b3y: zero to monero v2 section 7.3. It's a little outdated but still quite accurate.
-
m-relay<k4r4b3y:karapara.net> Alright. I will see it. Thank you.