Thanks for this document. I’m wondering, there are different blockchains with different inflation parameters. What will attract users to Tezos? Why would Tez be considered money?
Despite Tezos community claiming it to be the last blockchain, there are new blockchain networks popping up every now and then. When can Tezos really become the last blockchain?
I feel the answer to that is not the foundation grants- but the protocol level invoicing feature. Each team that creates a new blockchain network allocates roughly 5-10% for the team, so each team that wants to add new features to Tezos could inflate the supply by roughly 1-5% let’s say or whatever is better for the network and community. If this would inflate the coin supply, why have another “yield”? Or even if we have it, why is 1% inflation not sufficient to compensate the bakers? If a trillion dollar network could be secured using 10 billion dollar mining equipments, why not use similar parameters to secure the Tezos network?
I’m not against inflation or supply cap. I’m just trying to understand why not have low inflation and inflate supply only by adding real economic value- that is development of new protocol features.
