Re: Quick poll: heuristic for how long until a coin is considered "abandoned"

Quote from: e521 on January 20, 2014, 04:59:49 PM

Quote from: obeygiant on January 20, 2014, 04:57:37 PM

I mean literally wiping it out -- grant it a value of 0.

Here's one about inactive accounts -- http://www.yourlifechoices.com.au/news/government-grab-for-inactive-bank-accounts ; there's a better one about that guy who worked his whole life, died, had millions, and their children took too long to reclaim his account so they lost it under the new 3-year australian rule.

Obey

3 years is long enough for anybody to claim it I guess?
The problem is "your" father didn't let you know he stashed millions somewhere

Thanks!

I'm thinking about setting the inactive-coin detector to 819200 blocks (about ~15.5 years with 10 minutes per block). With my ~1.66% demurrage charge per month, that would leave only about 4% of the value left on the coin after ~15.5 years anyway, at which point it would then vanish. With about 8 years, the value left is around 20%.

And, in any case, you won't have to "spend" it in 15.5 years, you can send it to yourself to reset the 15-year clock...

Obey