Update whitepaper to explain total coin distribution trajectory

[Arndorferd]

Problem subject

Whitepaper doesn't clarify inflation vs deflation, I got banned on both the forum and the telegram for bringing up the issue which looks bad for the coins validity

Description

I feel that there is no clarity whatsoever about how Dev will be able to fund stakers within its own ecosystem after all 10,000,000 coins are minted. Bitcoin and ETH plan to use fees in order to pay miners/stakers, this plan enables them to eventually be self sufficient. I have been banned on both the forum and the telegram for raising this issue in depth, I do not wish to do ill harm to this project if it is legitimate by discrediting it, it appears to have really have good value if it has a way of funding after all coins are minted, however, theres only explanation of how the ratio of stakers and developers work and very little explanation of how long it should take for all 10,000,000 coins to be minted, and how the stakers and developers will get returns when that happens.

Expected behavior/contents

Whitepaper needs to be clear about these eventualities and I should be able to get unbanned because these are legitamate concerns that need answers.

Actual behavior/contents

Right now there is nothing in the Profit, Market Reward, Inflation, Deflation section that prevents this coin from being a large Ponzi scheme, this is of great concern to anyone investing.

Code of Conduct

By submitting this issue, I confirm I've read and complied with the CoC 🖖

[aggre]

The 10M cap is the total supply of Property tokens, not DEV; DEV has no software cap and is minted on the basis of conditions dynamically determined by the Policy, which is updated by stakers governance.

Also, there are parts of the whitepaper that do not reflect the newly specification updated by the DIPs, which I will update. We understand the importance of keeping information up to date and this is important to Dev Protocol. The team and I are doing our best to keep it that way.

[Arndorferd]

I just cant figure out how this coin prevents huge continuous inflation. Is there a decrease in staker and developer revenue over time? How will stakers and developers get funded when the market is fully saturated? If people are only paid because of continuous coin creation that seems like a ponzi scheme because eventually the market will get saturated. The whitepaper fails to explain the trejectory.

This system only seems like it will work long run if fees from transactions or marketplace listings eventually keep the stakers and developers paid because the main thing propping up price seems to be incoming ETH right now? No one in the telegram or forum could really explain this, and only said basically that the value is in the ecosystem which is what creates value to the coin normally true with crypto but not if people are permanently getting payment from inflation. ETH has fees that pay miners and Bitcoin has a set limit and then will likely pay miners off of fees when that limit is reached.

All the development seems to be in things that will attract more and more people to the coin but not necessarily the sustainability of the coin, it seems like at some point the coin needs to tax its users to pay for the stakers and developers or its just paying people off of inflation forever. Not having a cap on the amount produced isn't very reassuring. Could you please explain?

[Arndorferd]

The lack of clarity on how inflation will be eventually reduced is the most worrisome thing as an investor looking at this coin. Endless inflation at high levels is clearly not sustainable and there isn't any documentation on the rate of inflation, even some simple explanation will do for now. I do hope that there is some eventual clarity on this issue

[Arndorferd]

https://docs.google.com/spreadsheets/d/1LTksSLaK_Q0IiZW2GHmvlTPzXVJe7fis-53X192YTtE/edit#gid=959665776

This only has a supply of 10,000 and thus it doesnt explain how inflation works generally with the coin. We NEED an explanation for how much dev is minted. How is there over 30% inflation for both stakers and devs, thats 60% inflation for each staked coin thats unsustainable.

[Arndorferd]

even coin gekko is going off of a supply of 10,000 you need to correct this

https://www.coingecko.com/en/coins/dev-protocol

[aggre]

The inflation is working to encourage more staking. (https://github.com/dev-protocol/protocol/blob/main/docs/POLICY.md#rewards) And there are Community Funds that have not yet been released, and releasing them will encourage lower inflation.

There is also a tokenomics update planned: MAXIE is a new token with a fixed supply that will complement DEV.
https://community.devprotocol.xyz/t/rfc-wip-maxie-the-instrumentality-tokens-for-dev-maximized-creator-economy-tokens/486

MAXIE has a fixed supply but it will implements a dynamically yield rate depends on a redemption rate, which I believe could work for DEV as well. No full proposal yet, but I think it will be discussed.

[aggre]

As a side note, DIP-55(https://github.com/dev-protocol/DIPs/blob/main/DIPS/dip-55.md) functions as a sort of token-vesting for the creators. In results, a maximum annual withdrawal limit for the creators is remained in the neighborhood of 500. However, a new proposal to update this is under discussion.

• https://community.devprotocol.xyz/t/rfc-proof-of-creations-updated-ver/417