Fees are destroyed to offset inflation (1 PHS per 100k)[/b]
Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation. 50% inflation is offset by 0.0001% fee?
Define inflation.
I see this on mises.org
"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."
I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion. I don't think this tiny
fee will cancel out 50% interest rate what i wanted to get across.
As posted, fee destruction is meant to offset PoS 'inflation', not cancel completely (and also reduce bloat to a small extent). Perhaps you have a suggestion or improved wording?
I previously thought to increase the fee by an order of magnitude or more , as PHS is not designed for micro TX anyway, but it was never in demand and not well received by the PHS community. (hardfork) Cryptos are highly deflationary in nature due to lost wallets, coins, technical problems, etc. A fee to completely 'cancel out' PoS 'inflation',
would result in deflationary death spiral, obviously, when this is taken into account.
Point taken, however, In that we could clarify the OP for the 'low hanging fruit' among us, I.E. "1 PHS per 100k" may be too technical. Although the required arithmetic is quite trivial.
