GGuy:
It’s important to consider the inflationary impact of block rewards in USD, not just ZEC. Currently, at $30, ZEC inflation generates about $40 million USD annually to support development and mining. This proposal reduce issuance by 20% through an Unissued Reserve. The remaining 80% is equally split between miners and development. This results in roughly $20 million for mining (versus the current $32 million). While this reduces miner rewards, I believe a declining ZEC price poses a greater long-term threat to network security. Focusing on governance, competition, and accountability offers the best chance to reach its full potential to drive adoption of Zcash and ZEC.
This is a very important point; we’ve got to be measuring the future paths for the ecosystem in the context of ZEC value (or in this case, annual ZEC issuance multiplied by price).
Aside: I’m surprised that the bully who is anonymously flagging my posts that involve mention of ZEC value, hasn’t flagged this comment too. So much for consistency of applying this new “Price Speculation” rule*
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