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

[Bill Woodcock]

> On May 22, 2026, at 04:33, alejandromontana at tutamail.com wrote:
> “Demand” for a monetary good is reflexive and not canonically observable on-chain; any proxy you’d feed the emission rule (price, volume, velocity) is either an oracle - a trust assumption and an attack surface -or an on-chain quantity the participants who benefit from issuance can manufacture.

All good points.  I was tending toward the overly-simplistic view that volume would be a sufficient metric, but you’re absolutely right that it would be easily attacked, and is thus worthless by itself.  And as soon as you start using multiple inputs, the weighting becomes the point at which it all just becomes smoke-and-mirrors again.

> We chose predictability over elasticity on purpose: a closed-form, credibly neutral schedule, and we push stable-value units to the application layer rather than trying to make the base unit hold purchasing power.

Certainly a good experiment to try.  From my perspective, all cryptocurrencies are, at this point, experiments rather than utilitarian currencies, so the more axes get explored and understood, the better.  People attacking them is useful; people betting their real-world savings on them to the level that they get out-of-sorts when they lose money, is not, particularly.

                                -Bill

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