News for hackers. Stuff that matters.

A comment on On the Instability of Bitcoin Without the Block Reward [pdf]. Parent comment

Re:On the Instability of Bitcoin Without the Block Reward [pdf] by tromp on Wednesday March 03, 2021 @11:41AM (#26330834)
One that has a fixed block subsidy. After any amount of time, whether years or decades or centuries, it will have been distributed evenly over all that time.

Rather than having 50% distributed in just the first 4 years, and only crumbs in later decades.

Gold is much more like the former.

[ Parent | on HN ]
Re:On the Instability of Bitcoin Without the Block Reward [pdf] by hulahoof on Wednesday March 03, 2021 @04:55PM (#26335223)
I don't see how that logic follows, if this was a fixed block subsidy over the first 4 years instead of just 50%, surely the situation you are describing would be worse ?
[ Parent | on HN ]
Re:On the Instability of Bitcoin Without the Block Reward [pdf] by tromp on Thursday March 04, 2021 @02:44AM (#26339780)
There's a huge difference between fixed forever and fixed for only 4 years and then dropping to 0. Bitcoin is closer to the latter (instead of dropping to 0, it keeps halving every 4 years). Gold is closer to the former.
[ Parent | on HN ]