As far as I can see, Monero has not solved the Tragedy of the Commons in Satoshi's design. I reiterated my rebuttal to ArticMine:

https://bt.irlbtc.com/view/1441959.msg14599446#msg14599446

Security of a coin will be very tied to its transaction rate × average transaction size, i.e. velocity adoption and wealth of the velocity. The problem I have with the fixed size tail reward as compared to the design I am contemplating is that tail reward only captures those metrics indirectly through exchange price appreciation. I am not sure if the two models are equally powerful. I will need to think more deeply about it. My design also has an orthogonal tail reward.

Edit: some aspects of Monero's tail reward and block size adjustment algorithm are analogous to aspects of my design. There are some other things I didn't mention. I will need to really take the time to distil this into a carefully written white paper. So I would caution readers not to form any concrete conclusions (either for or against any design mentioned here) from these vague discussions.

Agreed at the appropriate time. I deem it necessary to be vague since I am months (or moar!) away from implementing my design.

I love when the plan comes together


Impressed for the fast recovery, even with the BTC wanting to rally in parallel. Still thinking in another 23k retest and recover to 26 as baseline

Congratulations on the call. Though it is worth mentioning that the drop was, alas, (again) done by one single entity.

Probably whales are hunting now for the coins of smaller fish species.

Given that a 2% bitcoin rise apparently causes -13% or worse in monero, it seems that a bitcoin rally will cause Monero to go to negative values.

Wait and see...