Transaction

a87b880c424cf2a53ba4f9032dc43bebcba6b2db2f97e052ba065dfd2fdb4cb7
Timestamp (utc)
2024-03-24 09:07:11
Fee Paid
0.00000014 BSV
(
0.01559762 BSV
-
0.01559748 BSV
)
Fee Rate
10.16 sat/KB
Version
1
Confirmations
102,030
Size Stats
1,377 B

2 Outputs

Total Output:
0.01559748 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMd<div class="post">So in other words, "the early adopter finds the worm" in this system.<br/> <br/> This would mean that - the earlier someone gets in on the bitcoin system establishing a node, the more chance they have of becoming lucky and being able to generate coins. Nothing against that, it would work to promote adoption of the system.<br/> <br/> However there should also be a method of adjusting the total number of coins extant. I would propose to link the total number of coins to the number of active nods.<br/> <br/> This way, you have two parameters that keep a balance. One is the halving of coins given per block, the other is a continual (or periodic?) adjustment of the target total of coins to the number of active users. That should self-balance the system.<br/> <br/> The reason balance of the system is important: if it's going to be used for payments, you don't want to have large changes in the value of the coins. It would lead to distortions, I believe, by continually increasing the "purchasing power" of a single coin.<br/> <br/> Stability of the coins' value is desirable for long term use.</div> text/html
    https://whatsonchain.com/tx/a87b880c424cf2a53ba4f9032dc43bebcba6b2db2f97e052ba065dfd2fdb4cb7