>> How else do you propose to have a distributed ledger that is resistant to inflation?
> That's not a real problem. You solve it by ignoring it and getting back to things that actually matter.
The distributed ledger isn't even secure. Just look where the cheap electricity is, create a network partition and all the other transaction will vanish after the network partition doesn't exist anymore.
What makes you think you alone will find that cheap electricity, that is so much cheaper than anywhere else that it allows you to beat everyone else that is also mining?
> That's not a real problem. You solve it by ignoring it and getting back to things that actually matter.
The distributed ledger isn't even secure. Just look where the cheap electricity is, create a network partition and all the other transaction will vanish after the network partition doesn't exist anymore.