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There are two ways to fund mining operations: 1) Tax the holders of coins 2) Tax the users of coins Bitcoin starts with 1 (mining rewards) and then moves ont
by jacoblyles 13y ago
There are two ways to fund mining operations:
1) Tax the holders of coins
2) Tax the users of coins
Bitcoin starts with 1 (mining rewards) and then moves onto 2 (transaction fees) for long-term stability. I think this is dumb if your goal is widespread adoption because it taxes the activity that causes network effects to grow (transactions).
PPC sticks with 1 for the lifetime of the system (through a slow-growing monetary base), strengthening my belief that PPC is a strictly better design than bitcoin.