📅 Original date posted:2013-03-11
📝 Original message:On Mon, Mar 11, 2013 at 11:36 AM, Gavin Andresen
<gavinandresen at gmail.com> wrote:
>> Just activate a non-proportional demurrage
>
> demurrage of any kind will never, ever happen, just give up on that idea.
>
> The negative publicity of "the bitcoin developers are destroying YOUR
> coins!" would be devastating.
While 100% agreed, I do think there is space in the alt-currency world
for a well-done coin THAT IS NOT BITCOIN (i.e. merge-mined or
whatever) with a finite lifespan. Call it "tempcoin" For example:
any coin older than (144 * 365 * 4) blocks may be reclaimed by a
miner.
Even though, sadly, many of the alt-coins have been pre-mined scams,
the alt-coin concept in general is great for experimenting. If the
idea can be proven in the field without modifying mainnet bitcoind,
then perhaps it should go onto the mainnet hard fork wishlist, many
years in the future.
That's the great thing about open source. People can experiment with
these ideas, and bitcoin.git need not change at all :)
--
Jeff Garzik
exMULTI, Inc.
jgarzik at exmulti.com
Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 11:35:39
in reply to nevent1q…7zkg
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 11:35:39Event JSON
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"content": "📅 Original date posted:2013-03-11\n📝 Original message:On Mon, Mar 11, 2013 at 11:36 AM, Gavin Andresen\n\u003cgavinandresen at gmail.com\u003e wrote:\n\u003e\u003e Just activate a non-proportional demurrage\n\u003e\n\u003e demurrage of any kind will never, ever happen, just give up on that idea.\n\u003e\n\u003e The negative publicity of \"the bitcoin developers are destroying YOUR\n\u003e coins!\" would be devastating.\n\nWhile 100% agreed, I do think there is space in the alt-currency world\nfor a well-done coin THAT IS NOT BITCOIN (i.e. merge-mined or\nwhatever) with a finite lifespan. Call it \"tempcoin\" For example:\nany coin older than (144 * 365 * 4) blocks may be reclaimed by a\nminer.\n\nEven though, sadly, many of the alt-coins have been pre-mined scams,\nthe alt-coin concept in general is great for experimenting. If the\nidea can be proven in the field without modifying mainnet bitcoind,\nthen perhaps it should go onto the mainnet hard fork wishlist, many\nyears in the future.\n\nThat's the great thing about open source. People can experiment with\nthese ideas, and bitcoin.git need not change at all :)\n\n-- \nJeff Garzik\nexMULTI, Inc.\njgarzik at exmulti.com",
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