Re: Heavy transaction fee for old account: solution of deflationary spiral
First the proper place to discuss such topics is Economics subforum.
Second there are already 20+ such threads. I for one enjoy some deflation of deflation critics.
Just ignore this post if the idea have been suggested before. Second there are already 20+ such threads. I for one enjoy some deflation of deflation critics.
[...]I have a very simple suggestion: all the miners and mining pools make an agreement that transaction fee should be a function of activity(or "age") of payer's address/account, which can easily checked by tracing back it's information in old blocks. Old account will spend more transaction fee to make the transaction confirmed, unless the payer build a powerful mining rig and successfully create a block to include that transaction.[...]
This measure is easily defeated.
1. Create two receiving addresses within the same wallet
2. Daily, transfer all funds from one receiving address to the other
Now I am maintaining activity and so do not need to pay these extra transaction fees.
That won't work. As I have mentioned--transaction fee is a function of the age of account(address), which do not means that you wont be charged if your account is a one day fresh account. If you have 100BTC, and you transfer it from one address to another daily, you might be charged 0.1BTC every day--63.5BTC left after one year, or you let your money sleep for one year, and get a 20BTC charged for spending the rest 80, you may definitely prefer the second choice.
OK, so I'll generate a new receiving address every day. You don't know the age of my wallet, all you can know is the age of the receiving addresses. You don't even have any idea what receiving addresses belong to my wallet. And even if you did know the age of my wallet and all of the receiving addresses inside of it, I can always just generate a brand new wallet whenever I wanted.