On Tue, Mar 25, 2014 at 2:03 PM, Mark Friedenbach <m...@monetize.io> wrote: > More importantly, to your last point there is absolutely no way this > scheme can lead to inflation. The worst that could happen is theft of > coins willingly put into the pegging pool. But in no way is it possible > to inflate the coin supply.
I don't think it would be entirely unfair to describe one of the possible ways a secondary coin becoming unbacked can play out as inflation— after all, people have described altcoins as inflation. In the worst case its no _worse_ inflation, I think, than an altcoin is— however. > I will look at your proposal in more depth. But I also think you should > give 2-way pegging a fair shake as pegging to side chains and private > accounting servers may eliminate the need. I think that chain geometries which improve the scale/decentralization trade-off are complementary. If PT's ideas here do amount to something that gives better scaling without ugly compromise I believe it would still be useful no matter how well the 2-way peg stuff works simply because scaling and decenteralization are both good things which we would pretty much always want more of... ------------------------------------------------------------------------------ Learn Graph Databases - Download FREE O'Reilly Book "Graph Databases" is the definitive new guide to graph databases and their applications. Written by three acclaimed leaders in the field, this first edition is now available. Download your free book today! http://p.sf.net/sfu/13534_NeoTech _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
