Soltantgris wrote:@BioMike : You said that PoT would be an option if Aur needed to increase it's supply. I don't get this part. I mean, if there is a need, value of each unit just rise and the supply is ''always'' matching this needs. Would always be feasable to divide aur in 10 or 1000 or 10000000, right ?
Yes, that's why I tried to make clear that it would be a big IF. The point is if the price would rise so much that paying for a cup of coffee would be like lower than 0.000001 AUR. Just when things become impractical. Not sure if it ever will happen, so big "if".
Soltantgris wrote:My understanding of PoT is thhat it was not intended to add any supply on top of PoW, but instead just a part of the increase.
You can set the value to be paid out in PoT to any value. I don't expect it to be higher than 1 AUR if we would implement it (the PoW coinbase at that time would also be close to 0, second condition for implementing this). The charming part is that it randomly delivers coins directly into the economy (compare that with the ways how Central banks do that, they just give banks more money to get it into circulation).