Yearly inflation is not 1% as described in whitepaper about blackcoin-old HOT 2 CLOSED

I find this current protocol an unacceptable deviation from the original source code.

I assume that by original source code you mean the earlier protocols that have dynamic reward. However, the v1 and v2 protocol actually does not gives 1% inflation as well. It will give 1% when no coinage is lost, which is only possible in theory.

In reality, the 1% in protocol v1 and v2 will not be achieved because:

• People who make transactions and destroys coinage, therefore the 1% will not be achieved.
• There are coins that are lost due to missing missing private keys, and those coins will never stake again, and thus making the inflation even less.
• There are people/services that never stake their coin at all.

In protocol v3, it only distribute the reward to the people who stake, which provide a smooth inflation as opposed in earlier version, and it is a close estimate to 1%

If you look at this chart:

source

You can see that the inflation is smooth and annualized at slightly less 1% after the v3 switch. On the other hand, the earlier protocol remain at 0.2% to 0.4% annualized most of the time and on rare occasions, spikes to 5-11%

Since the blocks already have a target of 64 seconds per block, the diffcultly readjusts according; therefore, the dynamic reward could possibly be calculated from the total number of coins.

This could be a good idea though

from blackcoin-old.

Will be 1% in Blacknet

from blackcoin-old.