Author: Chris Riley 2017-08-22 13:45:12
Published on: 2017-08-22T13:45:12+00:00
The discussion is about the proposal of removing stale coins in Bitcoin, which some argue goes against the fundamental purpose of Bitcoin to allow individuals control over their own money. The idea of allowing someone else to take away one's coins for any reason is considered not useful and creates a precedent for future rationalizations for taking away coins. The proposal involves removing stale coins at specific heights which would be checked every time a new block is mined. These coins would be burnt and added to the miner fees of the current block, keeping mining rewards up in the long term and encouraging movement of money in the economy rather than hoarding. However, this discussion is seen as more appropriate for bitcoin-discuss or alt-coin/bitcoin fork discussions rather than bitcoin-dev. The concern is raised that allowing the removal of stale coins could lead to the confiscation of coins in the future for other reasons.
Updated on: 2023-06-12T03:44:13.007974+00:00