From: George Burke <gb@geoburke•com>
To: Jimmy Song <jaejoon@gmail•com>
Cc: "Bitcoin Development Mailing List" <bitcoindev@googlegroups.com>,
"José Edil Guimarães de Medeiros" <jose.edil@gmail•com>,
"Keagan McClelland" <keagan.mcclelland@gmail•com>,
"Richard Greaser" <thebitcoinbugle@gmail•com>
Subject: Re: [bitcoindev] HODL Tax Proposal
Date: Thu, 1 Aug 2024 19:03:30 -0700 [thread overview]
Message-ID: <CAHYx7BtwRyYSL9Hdv=5nbdzBBb3fZmW_VYSWSZZneUUsVyBEkQ@mail.gmail.com> (raw)
In-Reply-To: <CAJR7vkqSLkLDv+y8D+aFC4pFDbtSmfrppyd5gMqG9fK_QTu6rw@mail.gmail.com>
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Jimmy, he might be trolling but he replied privately to me with a very
thoughtful (though disagreeable) rebuttal. Hard to consider this satirical.
Sent from Mobile
--
George Burke
CMO, FounderPool.co
Cofounder, PortalDeFi.com
Silicon Valley Bitcoin, Organizer
San Francisco, CA | San Juan, PR
On Thu, Aug 1, 2024 at 6:57 PM Jimmy Song <jaejoon@gmail•com> wrote:
> For those that haven't figured this out yet, the name on the original
> proposal (Dick Greaser) is the editor or the Bitcoin Bugle, a satirical
> "news" site. He's trolling the list.
>
> On Thu, Aug 1, 2024, 8:57 PM Keagan McClelland <
> keagan.mcclelland@gmail•com> wrote:
>
>> Hypothetically miners could attempt to adopt a mining/relay policy
>> wherein they consider the age of the utxo being spent and factor that into
>> the feerate they consider when accepting the transaction into their block
>> template. However this would be an opt-in mechanism and miners can choose
>> to not take this into consideration when making the choice to mine the
>> transaction or not. If enough hashpower adopted this policy, you could end
>> up with a de-facto demurrage tax. This also means that you can do this
>> without a consensus fork if there was appetite for it.
>>
>> However, I suspect there will be extreme resistance to this proposal and
>> it is unlikely that miners would intentionally leave otherwise-good fees on
>> the table simply because they want to play prisoners dilemma games where
>> they lose fees to the competition.
>>
>> Keags
>>
>> On Thu, Aug 1, 2024 at 5:18 PM José Edil Guimarães de Medeiros <
>> jose.edil@gmail•com> wrote:
>>
>>> 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.
>>> --
>>> E...
>>>
>>> On 1 Aug 2024, at 18:13, Richard Greaser <thebitcoinbugle@gmail•com>
>>> 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.
>>>
>>> --
>>> You received this message because you are subscribed to the Google
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>>> an email to bitcoindev+unsubscribe@googlegroups•com.
>>> To view this discussion on the web visit
>>> https://groups.google.com/d/msgid/bitcoindev/6512db18-bd15-462e-92fd-7549b5e885e7n%40googlegroups.com
>>> <https://groups.google.com/d/msgid/bitcoindev/6512db18-bd15-462e-92fd-7549b5e885e7n%40googlegroups.com?utm_medium=email&utm_source=footer>
>>> .
>>> <hodltax.md>
>>>
>>> --
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>>> https://groups.google.com/d/msgid/bitcoindev/C7829BDC-1273-49C9-BE03-F00823A94C3D%40gmail.com
>>> <https://groups.google.com/d/msgid/bitcoindev/C7829BDC-1273-49C9-BE03-F00823A94C3D%40gmail.com?utm_medium=email&utm_source=footer>
>>> .
>>>
>> --
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>> To view this discussion on the web visit
>> https://groups.google.com/d/msgid/bitcoindev/CALeFGL2ngsRd3N%2B8L7u9ZLNQB084xqcMZ04Dp3J53CEBHBxQcg%40mail.gmail.com
>> <https://groups.google.com/d/msgid/bitcoindev/CALeFGL2ngsRd3N%2B8L7u9ZLNQB084xqcMZ04Dp3J53CEBHBxQcg%40mail.gmail.com?utm_medium=email&utm_source=footer>
>> .
>>
> --
> You received this message because you are subscribed to the Google Groups
> "Bitcoin Development Mailing List" group.
> To unsubscribe from this group and stop receiving emails from it, send an
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> To view this discussion on the web visit
> https://groups.google.com/d/msgid/bitcoindev/CAJR7vkqSLkLDv%2By8D%2BaFC4pFDbtSmfrppyd5gMqG9fK_QTu6rw%40mail.gmail.com
> <https://groups.google.com/d/msgid/bitcoindev/CAJR7vkqSLkLDv%2By8D%2BaFC4pFDbtSmfrppyd5gMqG9fK_QTu6rw%40mail.gmail.com?utm_medium=email&utm_source=footer>
> .
>
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next prev parent reply other threads:[~2024-08-02 12:31 UTC|newest]
Thread overview: 10+ messages / expand[flat|nested] mbox.gz Atom feed top
2024-08-01 21:03 Richard Greaser
2024-08-01 21:59 ` José Edil Guimarães de Medeiros
2024-08-02 0:28 ` Keagan McClelland
2024-08-02 1:19 ` Jimmy Song
2024-08-02 2:03 ` George Burke [this message]
2024-08-02 5:08 ` 'hashnoncemessage' via Bitcoin Development Mailing List
2024-08-01 23:38 ` George Burke
2024-08-02 0:12 ` Keagan McClelland
2024-08-02 8:45 ` [bitcoindev] " Garlo Nicon
2024-08-01 21:55 [bitcoindev] " Christian Riley
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