diff --git a/docs/fud-ledger.md b/docs/fud-ledger.md index 39416af0..7d34de29 100644 --- a/docs/fud-ledger.md +++ b/docs/fud-ledger.md @@ -362,11 +362,11 @@ Evidence: design doc "The first six months" risk item and hostile review table r ## 4. Economics and the coin ### E1. Hard cap plus burn is a security budget cliff -"Monero chose tail emission so miners are paid for ever. You chose a 4 billion cap, halvings every two years, and you burn fees on top. By year twelve emission is 0.1% a year and shrinking. Who pays for hashrate then?" +"Monero chose tail emission so miners are paid for ever. You chose a 4 billion cap, halvings every two years, and you burn fees on top. By year twelve emission is under 1% a year and shrinking. Who pays for hashrate then?" Status: Conceded by decision, stated in the design doc. -Answer: True, and the design doc records the choice: "A 1% tail is the Monero model and the safer choice for security on its own." The argument for the cap is that Igneum miners keep earning from in-chain proving fees and external jobs after emission fades, which Monero's miners cannot, and that a hard cap is the number miners trust. Year 10 emission is about 31 million IGN a year, 0.8% of supply, approximate, roughly where Bitcoin was at its own year 10. Whether fee income replaces emission is unknowable today. A tail could be added by a 90% miner-signalled upgrade; nothing in the design prevents it. +Answer: True, and the design doc records the choice: "A 1% tail is the Monero model and the safer choice for security on its own." The argument for the cap is that Igneum miners keep earning from in-chain proving fees and external jobs after emission fades, which Monero's miners cannot, and that a hard cap is the number miners trust. Emission in years 9 and 10 is 62.5 million IGN a year, 1.6% of supply; in years 11 and 12 it is 31.25 million, 0.8%. Bitcoin's inflation at its own year 10 was about 3.7%, approximate. Whether fee income replaces emission is unknowable today. A tail could be added by a 90% miner-signalled upgrade; nothing in the design prevents it. Evidence: design doc "Decision: hard cap". Litepaper: "Supply" section states the cap, not the trade-off. @@ -612,6 +612,15 @@ Answer: Correct. The firsts table is rewritten in the overclaims list: each row Evidence: this ledger. Fix: overclaims list, items 4 to 9. +### C12. vs Monero: you borrowed the hash idea and left out the point +"Monero's idea is privacy. You took RandomX and shipped a transparent ledger. Calling it 'Monero's idea, finished' is cheek." + +Status: Answered by design. + +Answer: Transactions on Igneum are public, as on Ethereum. Privacy features and shielded pools were considered and rejected on 3 October 2026, because the chain's purpose is an EVM whose state is proven and sold to other chains, which needs public state. The litepaper borrows one technique from Monero, the random program, and should say so plainly rather than "Monero's idea". + +Evidence: CLAUDE.md rules (privacy rejected). Fix: overclaims list, item 68. + --- ## 7. Legal and regulatory @@ -768,15 +777,15 @@ Evidence: `site/journey.json`. ## Count by status -| Status | Count | -|---|---| -| Answered with evidence | 4 (M8 in part, M10, M12 in part, F9 counts as design) | -| Answered by design | 12 | -| Open, experiment or decision scheduled | 17 | -| Conceded, stated in the litepaper or design doc | 14 | -| Conceded, not yet stated (fix in the overclaims list) | 19 | +| Status | Count | Entries | +|---|---|---| +| Answered with evidence | 2 | M8, M10 | +| Answered by design | 14 | M3, M12, F4, F9, F11, F12, F13, P9, E2, E3, E4, C1, C12, L6 | +| Open, experiment or decision scheduled | 19 | M1, M5, M6, M11, F2, F3, F7, P3, P5, P8, E7, G7, C4, C9, L1, L2, L4, L5, X6 | +| Conceded, stated in the litepaper or design doc | 13 | F6, F8, P2, P6, E1, E6, E8, G3, G5, G8, C7, X3, X4 | +| Conceded, not yet stated (fix in the overclaims list) | 32 | M2, M4, M7, M9, M13, F1, F5, F10, P1, P4, P7, P10, E5, G1, G2, G4, G6, C2, C3, C5, C6, C8, C10, C11, L3, X1, X2, X5, X7, X8, X9, X10 | -Several entries carry two statuses; the table counts each entry once by its leading status. Total entries: 66. +Several entries carry two statuses; the table counts each entry once by its leading status. Total entries: 80. --- diff --git a/site/index.html b/site/index.html index 3475b80e..1c96932d 100644 --- a/site/index.html +++ b/site/index.html @@ -249,7 +249,7 @@ footer .wrap{padding-block:48px 32px}
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simulated preview
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simulated preview ยท how testnet will look
blocks 0proven 0locked 0