PIP-0035: typos and image fix

PIP/PIP-0035.md

@@ -87,7 +87,7 @@ where
    let N = LastBlockPolicy.Accounts_Per_Block 
 ``` 
 
-If the next block does not conform to the Block Policy of the last block, then it is considered out-of-consensus and orphaned by the network. If is conformed and great proof-of-work, then an account segment as per above is appended to the SafeBox.
+If the next block does not conform to the Block Policy of the last block, then it is considered out-of-consensus and orphaned by the network. If it conforms and inherits the greatest proof-of-work, then an account segment as per above is appended to the SafeBox.
 
 ### Voting
 
@@ -201,7 +201,7 @@ By funding miners, developers and infrastructure directly from the protocol, a d
 
 By enabling onthe community to vote on what the miner, developer and infrastructure rewards should be for the next block, the issuance-model of Velocity Cash is fundamentally changed from a "gold-like" model to a "fiat-like" model. Whilst many in cryptocurrency may consider this sacrilege, the reader is encouraged to understand the difference between "negative fiat" and "positive fiat" currencies. In the modern era, national central banks (with the exception of Iran) issue fiat currency as a debt-based instrument into the economy. In this model, the newly issued fiat currency represents a debt which must be repaid later by future issuance of this debt-based fiat (but compounded with interest). Such debt-based currency represents a "negative value" which almost always results in a pyramid-scheme style collapse causing the familiar negative economic outcomes of bankruptcy, recession, capital hoarding and centralization. In the "positive fiat-currency" model, the currency is issued as credit-based instrument that attains a "positive value" determined purely by the market supply/demand (just as cryptocurrencies are today). This "positive fiat-currency" model has historically successful precedents such as the [Colonial Scrip][3] which effectively built the American Colonies and the [Tally-Stick][4] system which effectively built the British Empire (before it collapsed soon after the introduction of the debt-based "British Pound").
 
-The point here is that the negative outcomes commonly associated with "fiat currencies" are more to do with the "debt-based" aspet than the "fiat" aspect. This is an important and nuanced point.
+The point here is that the negative outcomes commonly associated with "fiat currencies" are more to do with the "debt-based" aspect than the "fiat" aspect. This is an important and nuanced point.
 
 ### Enhanced Inflation-Distribution
 
@@ -231,9 +231,9 @@ Following from the above, an intrinsically stable cryptocurrency will also serve
 
 ### Solves Long-Term Miner Incentive Problem
 
-It is a known problem in existing cryptocurrencies that after the block reward extinguishes over repeated halving epochs, the miners will no longer have a sustainable income to continue their Proof-of-Work. Over time, this will result in a miner exodus that will grind confirmations to a halt and compromise the security of the currency. 
+It is a known problem in existing cryptocurrencies that after the block reward extinguishes over repeated halving epochs, that miners will no longer have a sustainable income to continue their Proof-of-Work. Over time, this will result in a miner exodus that will grind the blockchain to a halt and compromise its security.
 
-This proposal enabled community to provide miners income in perpetuity, due to dynamic inflation.
+This proposal solves this issue since the community now provides miners a guaranteed income in perpetuity, due to dynamic inflation.
 
 ### Solution to Limited Account Problem
 
@@ -241,8 +241,6 @@ An on-going issue for the SafeBox-model has been the inability to on-board milli
 
 This proposal now guarantees that new accounts **will always be available** to new users **at a low price**. It's a community guarantee delivered via the Block Policy.
 
-In terms of code, when an account segment looks like this:
-
 ### True Infinite Scaling
 
 In the same way PASA issuance can be increased to support new adoption, it can also be decreased to prevent SafeBox growth. So, after billions of accounts are created, the Block Policy can stop the production of new accounts effectively freezing the size of the SafeBox. In such a scenario, every new account segment would only contain the block-header (approx 100 bytes) without new accounts. This means the SafeBox could support maximum throughput with virtually 0 storage growth - Infinite Scaling.