[Cryptography] Montana: A Post-Quantum Blockchain with Time as Scarcity

[Mert Ali Bulut]

Dear, Bill

Inflation is indeed necessary, and money needs to be spent, but if there's no limit to the supply, it leads to inflation that becomes a crisis, like in Germany after World War I, and the value of money increases. If the use of money increases, inflation may fall in the short term, but after a certain period, it will lead to a full-blown recession.

-Mert Ali



________________________________
From: Bill Woodcock <woody at pch.net>
Sent: Monday, May 18, 2026 3:21:27 PM
To: alejandromontana at tutamail.com <alejandromontana at tutamail.com>
Cc: Mert Ali Bulut <mrtblt at hotmail.com.tr>; Cryptography <cryptography at metzdowd.com>
Subject: Re: [Cryptography] Montana: A Post-Quantum Blockchain with Time as Scarcity



> On May 17, 2026, at 20:39, Alejandro Montana via cryptography <cryptography at metzdowd.com> wrote:
> The protocol dictates a flat reward of 13 units per window, forever, with no halving or supply cap. You are essentially baking infinite, linear inflation into the baseline. Why would rational node operators continue to burn real-world energy (and pay real electricity bills) to sustain a network whose native token is mathematically guaranteed to dilute infinitely over time?

Because that’s how a currency is supposed to work, and they want to have something to spend? Because they paid attention in grade-school economics, and know who Keynes is?

-Bill


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