In the future, when block reward become zero, then transaction fee will be very high. At this moment, the future team will vote for this I think.
One thing to ask, if tail emission applied, will it go to the masternode reward ?
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I think it’ll be a combination of masternodes + miners with masternodes probably taking the lion share. But no masternode coin has hit tail emission yet so we don’t have any precedent of how it would affect masternodes.
The problem will come up way earlier because masternode numbers need to be a certain number for decent security (which in a way is the same with miners too but more so).
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I don’t really understand how tail emission will reduce the masternodes number.
You yourself wrote that 2000 masternodes are enough for security: we currently have 4000, a good number of which are distributed among just a few of us.
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You got some answer by Reuben already but to add to that,
No i dint think bitcoin is more solid than monero. I dint think they have enough fees to secure the network and pay all miners. Solana on the other hand has come to a point where the small fees make allot of earning for the people running nodes. Without much more TX bitcoin model has to change at some point.
Also it’s not about copying zcoin or monero. If there is no better option then we need to be humble and accept the solutions there are. Even monero looks into lelantus!
With the diminishing rewards (halving plus lower value etc) miners will move on. Dont need to wait 125 years.
If we can raise the price and or increase the number of tx maybe these changes can be delayed but either way i think we will need some sort of way to pay the miners and people running MN.
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It should be a trade-off. I really love the fixed supply because it makes FIRO rare, which is a good reason to buy it. Treat FIRO like gold.
The gold on Earth is considered finite. However, the exact amount of gold that remains to be discovered or mined is unknown. The same applies to FIRO after we do tail emission. There’s no need to hate tail emission; it won’t decrease the value of FIRO. Instead, tail emission feeds miners who use their hash power to secure the FIRO network.
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We are finalizing the final poll voting options here:
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Correct me if I’m wrong, but this is what happens when FIRO block rewards are completely exhausted:
- Low Hashrate: As miners quit, the hashrate could potentially decrease, increasing the risk of a 51% attack.
- High TX Fees: The FIRO network would rely solely on tx fees to reward miners and masternodes, which could lead to higher transaction costs.
- Centralization Hell: The lack of rewards will lead to the centralization of FIRO by:
- Discouraging small participants from mining
- Allowing only large entities with significant resources to afford mining operations
Ultimately, large entities will dominate the network.
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Funny thing is Firo can only compete with zcash
BTC model is a failed experiment with no privacy and meme of 21 mil coins
Monero (XMR) has proven as a Great Project and now Firo can learn from it whether it’s Tail emissions or Mandatory Default Privacy at Base Layer or FCMP++ Full Anonymity Set Research like Curve Trees and vice versa like Spark advancements
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@alpha_rabbit @vampyren are totally correct here Tail Emission is vital for Firo Success
Tail Emission of 0.4 Firo will save the project and ensure it’s bright future for 100+ years
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Stating that Bitcoin is a failed experiment gives an idea of the quality of your assertions which are not even arguments.
Bitcoin has never aimed to be private: it certainly should not be, which is why it is accepted by states.
When taking Monero as an example, it means not knowing Monero and even less its history, in particular the fragility of its privacy.
Why want Firo to copy Monero: choose Monero and let Firo be superior to it.
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@Zen
BTC always aimed to be a (mini) privacy coins even now it’s top developers are advocating for it
And if LTC has shown us anything soft-forks extension blocks MWEB will eventually come to BTC along with zcash orchard drive-chain
as BTC has failed as an experiment that even now Andreas M. Antonopoulos is advocating for block size increase along with base layer privacy LOL
Zcash and even Firo can only now compete for 2nd place like ETH for BTC of Privacy Coins
As for Monero Privacy no one can stop Monero with FCMP++ upgrade and more post quantum protection LOL
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Hi all,
I’m new to the forum and glad to be engaged (finally!) with the project.
About tail emission, I agree with the idea that inflation is not problematic as long as it is monitored and transparent.
In the last 4 years, we have seen numerous misuse of inflation through quantitative easing (QE) in the world. I just want to point out that inflation isn’t bad intrinsically because it can be correlated with capabilities of development, research, investment. The problem we have faced globally with QE is that there is absolutely no control about how this new money was used and to whom it has been given.
I will vote for tail emission because as long as it is controlled, transparent with the community, I’m for it.
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我不建议增加尾部排放。首先Firo项目的初衷是在BTC的基础上增加隐私功能，所以考虑增加某些功能，而不宜改变BTC的一些关键特征，而BTC总量固定就是一个重要特征，甚至Firo的最终总量也应调整为与BTC一样，否则人们会很难理解Firo的总量为什么不是2100万。
其次，至于有人担心Firo币挖完后没人愿意再挖Firo，从而无人维护Firo链，解决这个问题的关键在于：增加Firo的币价、用户量、使用量。BTC的区块奖励从数量上看目前已经是很少了，但为什么仍然有大量的人去挖呢？最主要的原因就是BTC的价格高，即使挖到的数量少，但收益仍然很可观。如果Firo币价很低，即使挖到的数量多，也没人愿意去挖。
所以，关键在于增加币的价格，而不是增加币的总量。
I do not recommend increasing tail emissions. Firstly, the original intention of the Firo project was to add privacy features on top of BTC, so it is considered to add certain features rather than changing some key features of BTC. The fixed total amount of BTC is an important feature, and even the final total amount of Firo should be adjusted to be the same as BTC, otherwise it will be difficult for people to understand why Firo’s total amount is not 21 million.
Secondly, as for those who are concerned that no one will be willing to mine Firo after the Firo coin is mined, and therefore no one will maintain the Firo chain, the key to solving this problem is to increase the coin price, user base, and usage of Firo. The block rewards for BTC are currently very few in terms of quantity, but why are there still a large number of people digging for them? The main reason is the high price of BTC, even if the amount mined is small, the returns are still considerable. If the price of Firo coin is very low, even if a large quantity is mined, no one is willing to mine it.
So, the key is to increase the price of the coin, not to increase the total amount of coins.
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