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Some time ago I read Vitalik Buterin's blog post about possible attitude to inflation and transaction fees. From it it followed that nothing was decided yet and there are various possibilities. Has a decision been taken and will block reward and/or transaction fee mechanism change with Serenity?

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Currently, there isn't anything set in stone, as the development community is debating the issue. There are arguments for reducing the issuance rate of Ether even leading up to POS. See : https://github.com/ethereum/EIPs/issues/186 . But these are still at discussion stage and not concrete code.

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