Post
Topic
Board Development & Technical Discussion
Could BitCoin Ageing be a solution to BlockChain bloat?
by
Colorblind
on 22/12/2017, 11:50:14 UTC
Hey, I know this is probably was considered before, but why not make coins have limited age before they return to coinbase? Say if coins have not been moved for 8 years it "returns" to coinbase (i.e. become unspent) and become minable. This way coins that was unspent for certain amount of time will eventually reenter circulation, we can discontinue block reward halving practice, eliminate satoshi's stash (or force him to reveal himself) and reintroduce destroyed funds to the market. This will also limit blockchain size so we would be able to use much larger blocks, allowing much more tx/second since blockchain size will be capped. More I think of it, better it seems from scaling perspective.

I know I probably missing some significant downsides but I can't see something that can't be compensated.