Subject: Re: [bitcoindev] HODL Tax Proposal

From: José Edil Guimarães de Medeiros <[email-masked]>
Date: Thu, 1 Aug 2024 18:59:18 -0300

Not sure if I should consider this a joke after the president of bitcoin thing, but I just got curious about a basic technical detail and wanted to stress the concept.

Since the value "tokens" in Bitcoin are the utxos, outputs from transactions that have not been spent in another transaction, and since the sole purpose of the utxos are to atomically serve as input to a subsequent transaction, how do you proposed to "tax" them?

I mean, let's say someone sent me 1 BTC to address X by building a simple p2pkh transaction with the address I provided. To move that 1 BTC mean to authorize it as an input to a new transaction. In principle, that can only be done by me producing a valid signature using a private key.

Let's say I'm one of those infamous holders. How do you propose the tax to be implemented?

All the best.

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E...

On 1 Aug 2024, at 18:13, Richard Greaser <[email-masked]> wrote:

Hi everyone,

It has become apparent to me that there is an issue where users of the network holding their coins, are not adding value to the network.

As miners continue to get squeezed post halving, they would benefit tremendously from fees being taken from individuals refusing to move their coins, providing increased security to the network.

I have written out a proposal more in depth and is attached below.

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<hodltax.md>

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