Author

Topic: Proof of Stake based inflation (Read 612 times)

zby
legendary
Activity: 1594
Merit: 1001
April 15, 2013, 10:25:05 AM
#3
But you have to run it 24x7 and be connected to the network. Not going to work for those in Africa, they will be suffering the effects of inflation, while people who can afford a EC2 micro box won't.

My understanding is that Proof of Stake is based on coin age - so if you keep unconnected for some time you can still capitalize on that when you connect back - because your coin gets older and thus has more power in the Proof of Stake lottery.
vip
Activity: 1316
Merit: 1043
👻
April 15, 2013, 03:47:36 AM
#2
But you have to run it 24x7 and be connected to the network. Not going to work for those in Africa, they will be suffering the effects of inflation, while people who can afford a EC2 micro box won't.
zby
legendary
Activity: 1594
Merit: 1001
April 15, 2013, 02:39:56 AM
#1
If every coin grows by a given percentage then the whole amount of coins grows as well and that can seem to look like inflation - but in fact for the coin user it does not matter at all because his coins keep to be a given percentage of the whole.  Inflation destroys savings only if your savings don't grow together with the whole coin supply.

The Proof of Stake based inflation seems to me to have this property - is there any good analysis of this in PPCoin?  The FAQ does not go into this at all.
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