This question was address previously by Drak. The basic answer was, if the population of XCH is lowered significantly the price of XCH services can be adjusted. For example, it is 1 XCH to create a contract. This could be changed to .1 or .01.
But, I don't think this will be needed for a long time. There's a lot of XCH out there.
But, I don't think this will be needed for a long time. There's a lot of XCH out there.
What is the "population" of XCH? Who will "adjust" what prices? I thought it would be a market based solution? A change from 0.1 to 0.01 is a 90% loss to XCH holders. Who can "decide" that? Is there a Clearinghouse Politbuero?
Yep, there is, it's called the network. Whatever version 51% of the network runs is what will rule the coin. So, if the devs put out a release that drops the price to create or modify an asset and the miners run it, then viola.... it is done.
That said, don't shoot the messenger. I'm probably gonna post much less here. Answering questions that have been answered time and again is probably a waste of my and most of those that follow this threads time.
