Concept NACK.

1.7 million Bitcoin represents possibly about 1 week of global trading 
volumes. Even assuming it is 1-2 months of trading volumes, the market can 
absorb.

Trying to manage the Bitcoin price via spending restrictions is a terrible 
idea.

In any case, the Bitcoin price routinely drops by upwards of 85%. It is not 
a security concern. Price volatility is not a security. 
On Tuesday, April 29, 2025 at 5:08:16 PM UTC-6 Hunter Beast wrote:

> This is a proposal to mitigate against potential mass liquidation of P2PK 
> funds. The specification is pretty simple, but the motivation and 
> justification for it is a bit longer.
>
> https://github.com/cryptoquick/bips/blob/hourglass/bip-hourglass.mediawiki
>
> Feedback welcome!
>

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