It might be a variation on an idea I’ve thought about myself. Goes something like this:
Spend a small amount of BTC automatically to an “anyone-can-spend” address with a timelock for 50 years worth of blocks from now. Do like $1 worth every on-chain transaction. Then it will get unlocked at that block height, and any miners can then scoop it up for themselves like a fee. If Bitcoin does 1000x in purchasing power over 50 years, then that $1 will be the equivalent of $1000 in today’s money in fees for future miners.
——
No idea if that’s what he is talking about, but it sounds similar the way you described it.
(If you have a link to where this was explained I could look into it)
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-10-16 21:12:03
in reply to nevent1q…7s2a
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-10-16 21:12:03Event JSON
{
"id": "2307f7bc75b670ab96458ad34b83aeab734e77a1c3ab0d7b718e9cec2051cb8a",
"pubkey": "b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc",
"created_at": 1697490723,
"kind": 1,
"tags": [
[
"e",
"5691449d2621290a527ceda487c51b668c9dca088511de4f56542907da8177ed"
],
[
"p",
"6fda5bce2882176bfbabfab503a1b5281329582d71c4be84bbb567e65c1a791f"
]
],
"content": "It might be a variation on an idea I’ve thought about myself. Goes something like this:\n\nSpend a small amount of BTC automatically to an “anyone-can-spend” address with a timelock for 50 years worth of blocks from now. Do like $1 worth every on-chain transaction. Then it will get unlocked at that block height, and any miners can then scoop it up for themselves like a fee. If Bitcoin does 1000x in purchasing power over 50 years, then that $1 will be the equivalent of $1000 in today’s money in fees for future miners.\n\n——\nNo idea if that’s what he is talking about, but it sounds similar the way you described it.\n\n(If you have a link to where this was explained I could look into it)",
"sig": "0aeae121fcd5ddddc6038f3e6c633522ad858ca8332e8af36f6147360d6faa0c6e6b7bd26c8ba4ce9885240c8505d86c3f5ebc37699825a7772e89969d9adce5"
}