Post
Topic
Board Announcements (Altcoins)
Re: TDC
by
neiros
on 04/01/2020, 07:05:45 UTC
Interested, but why a self moderated thread?
To remove meaningless posts, spam etc. I know what environment this topic is in

And what algorithm? What pool?
The pool you can do yourself.




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.