Post
Topic
Board Bitcoin Discussion
Re: Suggestion: Redistributing Lost Funds by Erosion
by
franky1
on 21/02/2018, 17:26:42 UTC

ok in 3 years time from today. if you have not changed your mortgage deed into your spouses name.. the bank gets the house.. even if its fully paid for and in your name

.....

it makes you poorer and banks richer.
its not redistributing wealth to the needy..
trickle down economics does not work

so.. let you practice wat you preach today.. before trying to suggest its wat the community should be forced to do

.....


so moving coins from hoarders to mining pools wont make a blinding bit of difference to the market transparency. its just giving mining pools a free 0.1% bonus while making savers 0.1% poorer

It starts to look like you're just intentionally misunderstanding me. I said multiple time that you would send to yourself. You are in no way forced to send coins to addresses of different wallets. I myself don't mind doing that at all, otherwise I wouldn't have proposed this in the first place.

Banks? Trickle down economic? Redistributing to the needy?
What are you talking about? Who is saying any of this?

nope im seeing the bigger broader picture. and this idea is not new, and has been laughed at, tried, tested and failed and laughed at again and again many times (see my p.s at the end for a hint)

i have all my funds in cold storage.
my private keys are locked away to avoid me getting tempted to spend.

my PUBLIC key is my identity. i can paste that into a explorer and check the value without needing to touch my private key. i do not want to change my identity just to keep some mining pool from robbing me fast or slow.

my analogies of banks(pools) where your hope that banks(pools) will trickle the funds out to the community is obsurd. taking coins from 1 person does not guarantee the community are better off.. it guarantees the bank(pool) is better off and the community is worse off

in FIAT and bitcoin trickle down economics does not work.

it just ends up as a banker(pool) bonus

P.S your idea is not new, and your desires are not new.
research: freicoin demurrage