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From: Jeff Garzik <jgarzik@exmulti•com>
To: Gavin Andresen <gavinandresen@gmail•com>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Blocking uneconomical UTXO creation
Date: Mon, 11 Mar 2013 13:18:41 -0400	[thread overview]
Message-ID: <CA+8xBpd2hLrK4UXcxZubZHYJtLhJznq55RzXxVn0WKK18nQ-5w@mail.gmail.com> (raw)
In-Reply-To: <CABsx9T1rt+7BQHz1S=NVtL_YV7kfCapQ+3MEf+xyXT7pZOfq7w@mail.gmail.com>

On Mon, Mar 11, 2013 at 11:36 AM, Gavin Andresen
<gavinandresen@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@exmulti•com



  parent reply	other threads:[~2013-03-11 17:18 UTC|newest]

Thread overview: 23+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2013-03-10  4:31 Peter Todd
2013-03-11 11:01 `  Jorge Timón
2013-03-11 15:36   ` Gavin Andresen
2013-03-11 16:45     `  Jorge Timón
2013-03-11 16:46       `  Jorge Timón
2013-03-11 16:54         ` Mike Hearn
2013-03-11 17:08           `  Jorge Timón
2013-03-11 18:17           ` Benjamin Lindner
2013-03-11 18:59             ` Mark Friedenbach
2013-03-11 18:59             `  Jorge Timón
2013-03-11 19:08             ` Tadas Varanavičius
2013-03-11 22:19               ` Mike Hearn
2013-03-11 22:25                 ` Tadas Varanavičius
2013-03-11 22:39                   ` Mike Hearn
2013-03-11 23:26                     ` Tadas Varanavičius
2013-03-11 17:18     ` Jeff Garzik [this message]
2013-03-11 20:08   ` Rune Kjær Svendsen
2013-03-11 20:36     ` Michael Gronager
2013-03-11 21:01       ` Gregory Maxwell
2013-03-11 21:15         ` Michael Gronager
2013-03-12  7:49 ` Peter Todd
2013-03-13  5:31   ` Stephen Pair
2013-03-13  9:20     `  Jorge Timón

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