kaal:claim:3125827-038

The sem token economy is inflationary at equilibrium, and the authors argue this is a feature: inflation improves security and discourages rent seeking by penalizing holders who do not use their tokens to evaluate posts.

The conclusion is that the economy is inflationary at equilibrium, which improves its security and discourages rent-seeking.

Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018), A.2 Natural sem token inflation, p. 33
https://ssrn.com/abstract=3125827 · source PDF

Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018). SSRN: https://ssrn.com/abstract=3125827

• fees paid in at a constant or linearly growing rate
• new tokens minted with every fee and never destroyed

empiricalsupport: evidencedtokenomicsconsensus-and-securityeconomics

• restates kaal:claim:3125822-026 The token economy is inflationary at equilibrium, and this inflation is a feature rather than a defect because...

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