Yes, but when we start with “witness consensus can change anything” [which is technically true] then we open a can of worms considering stability. While it is true, it is IMHO not something we should consider a point to market at this point. It would also require the white paper to be rewritten in that aspect.
I’m not even sure I would personally agree with that change. While it would be totally legal... those who would rally for that could have made sure they properly understood inflation in the first place.
I’m not saying we should do anything like that now. Just saying that IF the Steem blockchain became so wildly successful that its own success was causing use of the blockchain to hit a bottleneck that there could in theory be a technical fix. Certainly as is a low (and falling) inflation rate is a good thing. In a crisis, changing how resource credits work rather than changing the inflation rate would probably be better. But I’m not a dev, just a hodler. So maybe I’m misunderstanding some technical issue.
It would be much easier to lower signup cost, which will at some point happen anyway, and if the RC matrix is properly designed things should become always cheaper as more STEEM is produced, available, and users have signed up.
Then, as you said, if needed another RC rebalancing could be envisaged.
Changing the inflation rate could IMHO only backlash because it could be seen as “market manipulation”.
Yes, but when we start with “witness consensus can change anything” [which is technically true] then we open a can of worms considering stability. While it is true, it is IMHO not something we should consider a point to market at this point. It would also require the white paper to be rewritten in that aspect.
I’m not even sure I would personally agree with that change. While it would be totally legal... those who would rally for that could have made sure they properly understood inflation in the first place.
I’m not saying we should do anything like that now. Just saying that IF the Steem blockchain became so wildly successful that its own success was causing use of the blockchain to hit a bottleneck that there could in theory be a technical fix. Certainly as is a low (and falling) inflation rate is a good thing. In a crisis, changing how resource credits work rather than changing the inflation rate would probably be better. But I’m not a dev, just a hodler. So maybe I’m misunderstanding some technical issue.
It would be much easier to lower signup cost, which will at some point happen anyway, and if the RC matrix is properly designed things should become always cheaper as more STEEM is produced, available, and users have signed up.
Then, as you said, if needed another RC rebalancing could be envisaged.
Changing the inflation rate could IMHO only backlash because it could be seen as “market manipulation”.