Interesting this should be cropping up now as a conversation point.
and with Tranz suggesting new developments (500 HBN limits)I went back to some of my 2013 calculations on inflation
back of a coaster style as always.
for POS to outweigh POW impact for inflation the average POS bloc needs to pay >5HBN
there are 28800 block in a 10 day cycle
28800*5 = 144000 HBN created by POS every 10 days
requires an active HBN coin supply (regularly being staked) of 7.2 Million HBN ..
Thats without POW blocks and balances on (I assume no staked) exchange wallets.
So I figured inflation by POS wasn't even an issue before probably ~8-10 million HBN coin supply
- my rule of thumb and interestedly watching to see how it actually plays out.
Of course when POS inflation gets started it starts to run out of control without the reward reduction that's in place.
BUT
Something more fundamental bothers me, and has done since the start ..... Maybe someone can clear it up for me?
If HBN (any POS insert name here) was to become a reality with a wide user base I'd expect to see more than 28800 wallets globally (orders of magnitude more) staking many blocks in 10 days
but even if they only staked 1 block how do they all get serviced with POS reward with only a finite number of block rewards available? i.e. 28800 (2880 per day)
They can't carry over as the backlog would just get forever bigger.
Or would Max age end up needing to be very large? - kiss byebye to compound interest bonuses
I realise my example is worst case 10 days and should be perhaps 30 days (nearly 100k blocks) or more but even then .... orders of magnitude vs a triple?