Softfork proposal for minimum price of $50k USD/BTC

Author: Peter Todd 2019-04-01 01:11:12
Published on: 2019-04-01T01:11:12+00:00

• Combined Summary of all posts in thread
• Click here to read original discussion on the bitcoin-dev mailing list

Summary:

On the Bitcoin-dev mailing list, Luke Dashjr proposed two Bitcoin Improvement Proposals (BIPs) to address the issue of some parts of the community selling bitcoins for unreasonably low prices. Dashjr's first BIP would add a signed price field to Bitcoin transactions, while the second one would softfork a minimum price of $50k USD/BTC a year from the proposal date. However, Peter Todd pointed out a serious vulnerability in the proposal - there is no limit on the maximum supply of USD.

Updated on: 2023-06-13T17:50:56.276998+00:00