📅 Original date posted:2017-12-11
📝 Original message:On Dec 11, 2017 10:23, "Nick Pudar via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:
This topic has come up several times in recent years. While it is well
intentioned, it can have devastating outcomes for people that want to save
long term. If such a system were implemented, it would force people to move
funds around in order to not get nullified. In that process, it introduces
multiple opportunities for errors. Cold storage should be able to stay
cold. I personally would be apprehensive about implementing this kind of a
system.
Furthermore, if it rewards miners with funds that are expired, it creates
terrible incentives. Miners in their best interest could choose to censor
transactions that move funds close to their expiration time, to increase
their own future rewards.
Cheers,
--
Pieter
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Pieter Wuille [ARCHIVE] /
npub1tj…jtl6r
2023-06-07 18:08:36
in reply to nevent1q…vchv
Author Public Key
npub1tjephawh7fdf6358jufuh5eyxwauzrjqa7qn50pglee4tayc2ntqcjtl6rSeen on
wss://relay.noswhere.comPublished at
2023-06-07 18:08:36Event JSON
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"content": "📅 Original date posted:2017-12-11\n📝 Original message:On Dec 11, 2017 10:23, \"Nick Pudar via bitcoin-dev\" \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\nThis topic has come up several times in recent years. While it is well\nintentioned, it can have devastating outcomes for people that want to save\nlong term. If such a system were implemented, it would force people to move\nfunds around in order to not get nullified. In that process, it introduces\nmultiple opportunities for errors. Cold storage should be able to stay\ncold. I personally would be apprehensive about implementing this kind of a\nsystem.\n\n\nFurthermore, if it rewards miners with funds that are expired, it creates\nterrible incentives. Miners in their best interest could choose to censor\ntransactions that move funds close to their expiration time, to increase\ntheir own future rewards.\n\nCheers,\n\n-- \nPieter\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20171211/e43f4baa/attachment.html\u003e",
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