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You're describing DOGE
Doge is nowhere near the MoE that bitcoin is, nowhere near the nodes or decentralization or mining difficulty (iiuc) that bitcoin has and it has precisely zero L2 or scaling technology.
MoE comes from SoV, otherwise exchange is pointless... DOGE has no MoE because it has no value. The two cannot be separated.
It's less decentralized because no value creates no incentive to run or mine it.
It doesn't need Lightning because the blocks are rapid fire, and its supply is more "divisible" which makes ownership orders more scalable. The faster blocks also amount to significantly more blockspace.
When you look at people trying to "improve" Bitcoin today, it's almost like DOGE is their north star, because they don't understand value is all that matters in the end.
"MoE comes from SoV, otherwise exchange is pointless..."
Now with this I agree.
Thanks interesting thought experiment
Would the tail emissions from Monero suffice your desire?
Maybe I'm wrong...
But I don't trust monero, I don't trust that there isn't/wasn't an inflation bug, I'm not comfortable with how easy the community 'hardforks', there is no monero L2 so the way the network "scales" is with 'bigger blocks' which I don't think is a good idea.
Monero is mined with CPUs and was 51% attacked some months ago by some weird... Merge mining group which means that a government that seriously wanted to attack it would do so easily.
If there ever is a q-day the whole thing gets deanonimized, and the hardware wallet/accessories available iiuc are almost nonexistent.
In addition monero core is signed by like 1-2 people as opposed to like 20 and this is when AIs are absolutely wrecking security critical software.
Imo, if a network isn't inherently valuable... I'm not sure any 'tail emission' will keep it secure forever its not a silver bullet.
So no not really
Interesting.
I guess my point is that if we had something that inflated 3% a year forever... That was still proof of work, and very anti-censorship...
Spending it wouldn't incur capitals gains taxes, it still could be 'freedom money' and used that way, it just might not be a store of value, at least not any more than the dollar for example.
That way people could use it in a freedom preserving way, but just not in a way that particularly stored value or gained in value over time.
Part of me thinks that's simpler, you could use it all one wanted and there would be no complicated taxes of any kind, but still have the censorship reeistance and proof of work. Maybe we will find out (much greater depreciation etc)