I'm looking for some technical critique here, not announcing a launch or anything.
I've got three theories about a PoW L1 monetary base design that I'm trying to challenge. There’s a working prototype in Rust, with 22 tests that successfully mines blocks and handles UTXO transactions, but nothing's gonna launch until this review happens. This prototype is meant for testing real consensus code instead of just theory in a notebook.
**What this is about:**
It’s a PoW L1 where the block reward adjusts based on a supply pool instead of sticking to a fixed schedule. The new supply will depend on on-chain settlement volume, using a 200-month moving average and no oracle involved. It's designed to be post-quantum from the start using ML-DSA/Dilithium (NIST FIPS 204) instead of secp256k1. There’s no premine, founder shares, or early advantages.
**What this is not about:**
This isn’t a stablecoin, and it's not meant to compete with Bitcoin Bitcoin serves as a Store of Value, while this is supposed to be a base layer for Medium of Exchange. Also, this isn’t a pitch for launching; if any of the criteria below are met, I’ll scrap or rewrite the design.
**Three theories I’m testing:**
1. On-chain settlement volume can act as a supply signal without needing an oracle, and the cost to manipulate it would be enough to discourage ongoing attacks.
2. A reward controller based on a spring function can ensure miners are always compensated without locking in a specific monetary policy.
3. The entire system (injection ↔ pool ↔ reward ↔ hashrate ↔ block timing) remains stable under real-world conditions.
**Five criteria for failure if any of these can be proven, the design is a no-go:**
1. A profitable long-term attack: a realistic self-churn or cartel scenario that yields a positive return on investment over 12 months or more, given the block space conditions.
2. Floor inco...
Adversarial Review Request for Post-Quantum PoW L1 with Adaptive Monetary Base
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