It seems important to construct a market-based lottery system, where the payout rate (incidentally, proportional to the rate of Ether inflation) will be determined by market demand for computing power.
This solves two problems:
Thanks for writing this, Joe. I’d love to see you follow up in a few months with some examples of unexpected positive externalities that sprung up as a result of your primary mission.
Also, it’d be great to hear about moments of difficulty — when you were tempted to allow an “incremental failure”. These incremental failures…