quite same answer: this can also change.
however me personally not aware of a sound scheme as pow.
as a small example, how can security grow with time under pos? looks like it remains fixed. unless high inflation is considered, and even though, it wont grow linearly as in pow
So if assuming Agoras will use PoW, how the inflation will work? In that case, the Agoras tokens will be like pre-mined coins and in the future the miners will also mine new coins, right? btw, I am not against the inflation and mining at all.
this can also be decided by the public to a very large extent. but following are my personal thoughts.
i claim that new coin generation in a fair economy is meaningless.
because if you generate new coins, then by the fairness requirement, you need to distribute them equally, but then it'd be like adding a zero to all balances, which is meaningless.
one may come up with a way to truely define and measure "economical growth" and have inflation according to it. but i don't think anyone is "there" yet. maybe in an electronic economy like agoras and with artificial intelligence like tau we'll be able to achieve it.
even if such formula will be found, there's still strong rationales in a fixed amount of coins.
as for mining, as any other housekeeping of the network, they better be incentivized. therefore in my opinion the "tax" approach is better here: that everyone give some fraction to miners up to amounts that the public agrees on. the more hashes, the more security and value on the chain. the public will have to buy security and pay what it costs, directly and not by dilution. this is more transparent and removes a need to print new coins.
agoras will also support risk-free interest without printing new coins (thanks to black&scholes theory and hedge markets), but that's a different story.
