Monetary Policies for Crypto Tokens

Re:Monetary Policies for Crypto Tokens by TD-Linux on Tuesday June 13, 2017 @09:06PM (#14550044)

>To date all major tokens have either a fixed amount of tokens right away or eventually (e.g., BTC) or a rate of inflation that asymptotically goes to zero (e.g., ETH).

These are both incorrect. BTC has inflation that asymptotically goes to zero. ETH has undefined inflation (the current codebase has constant inflation, but has a "difficulty bomb" that is supposed to force a hard fork that will presumably change the inflation).

EDIT: I think I read the OP incorrectly, I think what they meant was that while the rate of coin issuance in ETH is fixed, the inflation as a % goes to zero, and that due to quantization BTC issuance actually hits zero.

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Re:Monetary Policies for Crypto Tokens by nemo1618 on Tuesday June 13, 2017 @09:25PM (#14550104)

ETH's long-term inflation behavior is undefined because the dev team has shown their willingness to alter the consensus rules whenever they deem it necessary.

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Re:Monetary Policies for Crypto Tokens by woah on Tuesday June 13, 2017 @09:32PM (#14550129)

Your inferences about the future actions of the developers whose version of software you assume most users and miners will want to run aren't really like a hard and fast rule.

It's not possible for the rules of any coin to be set in stone, because people can run whatever software they want. The only reason that Vitalik and the Ethereum devs write the software that most Ethereum users run is because that is the software most Ethereum users want to run.

If someone developed a Bitcoin hard fork that most Bitcoin users and miners wanted to run, that would be Bitcoin, whether or not it conformed to any various ideals and philosophies that anyone has about money.

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Re:Monetary Policies for Crypto Tokens by Terr_ on Tuesday June 13, 2017 @10:00PM (#14550210)

> BTC has inflation that asymptotically goes to zero.

I think you're confusing "inflation" with "issuing currency".

Inflation and deflation cannot be determined without a measure or prediction of the broader universe of goods and services that are available.

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Re:Monetary Policies for Crypto Tokens by dharma1 on Tuesday June 13, 2017 @09:23PM (#14550092)

Here is the issuance rate plan for ETH from the horse's mouth

https://www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_...

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