Quote from: neiros on January 04, 2020, 07:05:45 AM

Quote from: Johnjay06 on January 04, 2020, 12:30:46 AM

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Quote from: Swordsoffreedom on January 03, 2020, 10:09:27 PM

Please explain this quote from the website:

Quote

Important reminder: TDC is a cryptocurrency designed for active use in transactions. If you leave your coins to lie inactive in your wallet for more than a year, you will lose 1% of your coin balance; in each consecutive year, your balance will be reduced by 10%.

What is the purpose of this? I think this is unfair to all the people who will hold TDC for longer period of time. If you want to encourage transactions (which generate mining fees), why don't you take only a small fixed fee? No one would use Bitcoin if tx fee was 1% let alone 10%.

If people don't use TDC or anything else (their house, car, bike, anything, garbage tank, garbage from this tank, household waste dumps, etc.) why then do they need it all?
What someone doesn't need is used by those who really need it.
TDC is a PoW engine, this is not a tank for storing solid, liquid or virtual household waste of human life.

1% and 10% is a mechanism to limit the endless growth of blockchain. The working part of the blockchain becomes a fixed length (more info)
It gives a lot of benefits - https://neiros.github.io/EN.html#blockchain

TDC partially uses the mechanism proposed by Silvio Gesell - Freigeld('free money') https://en.wikipedia.org/wiki/Freigeld
There are a lot of inflated garbage cans in the cryptocurrency market, but there is no free money yet.

That idea is flawed and will not work.
Nobody likes to be forced to use money or any other valuable material like gold.
Most people need to save as wel before they can buy/pay something, thats going to be fun saving for a new car, study, every year you loose 10% of your hard earned cash. Grin