The model of emission and de-emission of a coin as in Novacoin

in #ethereum7 years ago

Vitalik Buterin mentioned the idea of de-emission coins through the destruction of the commission. Idea's great. Immediately recalled the economic model in Novacoin. In addition to the fact that the commission is being destroyed, but not going to POS miners, the current emission size is affected by the PoS complexity. When little money is burned in the economy, the coin holders do not invest them in the work of contracts, distributed applications and organizations, and the minibuses. This increases the difficulty by lowering the reward (the percentage of the output that the unit is catching). Thus, the total money supply arrives more slowly or even decreases or stays in one place.

When coins begin to be used in a real economy, they can not mine. The complexity decreases and the emission increases.

Thus, it is possible to ensure minimum or maximum inflation, depending on the state of the domestic economy. You can think through and configure the rules for changing such parameters.

Also from Novacoin you can take the principles of mining for an eccolator society. PoS mining is available to everyone even with small outlets. Everyone has a chance to catch the block, although it depends on the size of the exit. The size of the award can be limited from above.

Sort:  

Russian speaking group about distributed systems: https://t.me/distributed
English subgroup: https://t.me/idistributed
My blog (rus): https://t.me/darkfox_info or https://darkfox.info

Congratulations @foxcool! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got your First payout

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.25
TRX 0.21
JST 0.037
BTC 97965.58
ETH 3486.83
USDT 1.00
SBD 3.48