Post
Topic
Board Development & Technical Discussion
Re: Could BitCoin Ageing be a solution to BlockChain bloat?
by
nullius
on 25/12/2017, 08:33:28 UTC


Colorblind, as I told you in the other thread where you raised this, there is already an altcoin which does this.  Go there.  Or else, go to the Flat Earth thread.  Either way, understand that this will never happen in Bitcoin.  There are certain iron-clad, carved-in-stone, oath-bound-on-pain-of-death rules in Bitcoin, and this is one of them; you may as well suggest inflating the monetary base beyond 21 million bitcoins, or requiring KYC checks to transact Bitcoin, or making transactions reversible by an Appellate Court of Bitcoin which holds tx override keys (or perhaps via “the execution of an irregular state change” as decreed by the Grand Poobah in Chief).

I am not even remotely interested in further expounding on the technical reasons why this idea is a non-solution to a non-problem; for the idea itself is reprehensible.  You are advocating massive theft—and you are advocating the total destruction of Bitcoin.  That does not even deserve serious discussion.

Quote from: gmaxwell
  • UTXO aging
    • ATTENTION MORONS: THIS CANNOT BE DONE WITH BITCOIN. SEE THE LARGE BOLD TEXT AT THE TOP.

Since this will never happen in Bitcoin, I suggest that you should go put all your money in Freicoin (FRC), a coin created by people who make economic arguments for demurrage.  Freicoin is currently ranked #675 on coinmarketcap.com, with a current market cap of $485,681 (27 BTC).  (Current Bitcoin market cap: $307,305,229,550.)  The idea that you should need to spend your money to not lose it—well, that idea is exactly as popular as it should be.


Edit—P.S., one technical argument:  You should learn to spell “aging” before you write a proposal about it.  A respect for the simplest orthography is the handmaiden of sound monetary policy the basic honesty of not stealing people’s money.