This is strange. Look, you’re talking about demurrage (90% of the commission), it’s interesting, because we can remember the rise of BOMB. But, one question. You have a “subsidy” for miners. And it is so big that in the end, you get the usual inflation system. Or is there a subsidy only up to 400K block? This issue is fundamentally important, because who knows when 90% of the commission will be more than 200 tokens that will be necessarily printed.
And also, I speak Russian and program in python, I can help with the telegram bot
Hi!, thank you very much for the question!
Telegram bot sounds really cool.
Block subsidy (currently 200) is not an inflation factor, this is a way (that had already proved itself
in BTC) to distribute coins.
Please note that block subsidy will change over time (with the same concept as
BTC has), but as mentioned in specifications:
Halving Interval = 210000 blocks / 4; // BGL halving is every year (bitcoin halving is every 4 years)
The halving interval is less than that of bitcoin, so the 2nd year will have a block subsidy of 100,
3rd year of 50 and so forth. In 6 years, around 98.44% of block subsidies will be emitted.
The block size itself has been reduced to specifically target fees to play more substantial role
when making transactions.
Block Weight <= 400,000; // 10 times smaller than bitcoin
Because of the decreased block size, fees will be higher.
Hope that this answers your question.
Please keep us all posted about Telegram bot
