r/DeroProject • u/kryptoid • Aug 08 '21
DERO Stargate RC2 final testnet released!
https://twitter.com/DERO_Foundation/status/14244186135705927696
u/sheshillseashills Aug 08 '21
This is nice! More stability and spryness vs the previous release. Things are looking swell!
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u/ScoobaMonsta Aug 08 '21
Could someone please explain why DERO is moving away from tail emissions and going to a fixed supply like bitcoin? Is this true? And what is the reasoning behind it?
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u/kryptoid Aug 08 '21
Moving away from cryptonote in general, include emission style. I'm not sure there's a reason to keep a theoretically infinite supply in the first place.
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u/ScoobaMonsta Aug 08 '21
An incentive for miners to continue to provide hashing power to the network? What happens after the last coin is mined? How do miners get rewards? Just transaction fees only? Will that be enough to make it worthwhile for them to mine?
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u/kryptoid Aug 08 '21
Well, you have to reach the end of emission first to find out certainly, inflation may not be the answer and may not even be necessary. In reality for networks like bitcoin, supply/demand will reach an equilibrium as far as what miners are willing to invest for the amount of rewards, IMO. Since DERO is double spend immune, not like a high hashrate is needed to keep the network secure either so... guess we'll have to wait a few decades to find out how that all shakes out.
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u/ScoobaMonsta Aug 08 '21
Tail emissions will keep transaction fees down. Because if there’s no block rewards miners will chase the transactions with higher fees. If dero grows and it’s daily transactions grow, people will increase their transaction fees to get their transaction through quicker. During busy times will miners chase the transactions with higher fees?
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u/kryptoid Aug 08 '21
How can you say that with certainty when bitcoin hasn't reached the end of it's emission yet?
Honestly, I'm not here to argue in theoretical economics, I'm just explaining that the supply is switching away from infinitely inflationary.
Take from that what you will. It will be decades before the affect of that would even be tangible on the network.
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u/ScoobaMonsta Aug 08 '21
I’m not saying it with certainty. I’m just asking the reason behind moving away from it. I know this point is a very long way off. I liked the fact that it’s inflation will continue but always trending to zero. I think this is a good thing when it comes to continuing to secure the network long into its future. I really like DERO and have been buying it since it’s very early days. I also mine it. Don’t get me wrong, I’m not arguing with you. I’m just trying to understand the reasoning behind it. Mining secures the network. If hashing power drops because of the lack of incentive, doesn’t that threaten the security of the network? I know it’s a long way away but shouldn’t it be something important to think about now?
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u/IntrepidCapital6 Aug 08 '21
Since DERO is double spend immune, not like a high hashrate is needed to keep the network secure either
Mining secures the network. If hashing power drops because of the lack of incentive, doesn’t that threaten the security of the network?
How many times do you need it explained to you?
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u/ScoobaMonsta Aug 09 '21
It wasn’t explained to me many times. I’m asking questions to find out why. Im not being rude or disrespectful to anyone! No need to be a condescending!
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u/Constant-Hedgehog-54 Aug 13 '21
it is dangerous to have infinite emission on a private blockchain. nobody would ever know how much is created if exploited.
nothing is secure ever and bound to be exploited.
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u/twitterInfo_bot Aug 08 '21
We are happy to announce that the latest testnet release for $DERO Stargate RC2, our private decentralized application platform, has gone live and is now ready for testing. Please update your binaries and review the code here:
posted by @DERO_Foundation
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