Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PASC] PascalCoin: Deletable blockchain - Like Bank accounts [SAFEBOX]
by
PascalCoin
on 31/08/2021, 15:49:13 UTC

If I understand right those two PIPs were note even implemented... as of yet.

It would be nice to implement at least PIP-0012.

In fact, if one doesn't move coins for 4 years, it doesn't mean those coins are permanently lost. Speaking of coinrot in such case is inappropriate.

Frankly speaking, if the dev's goal indeed was to fight a coinrot, that inactivity period should have been changed to 80-100 years at least, to imitate a person lifetime. Having it equal to 4 years smells like a forced nationalization (basically - misappropriation) of money, much similar in effect to government printing money and causing a dilution of people's savings.

Yes I agree that the idea is Good but the parameter chose of 4 years for recovery  is shit . imagine whene exchange list the coin and then they should support the coin and if there is inactive activity of user for 4 year ( it is a short vary short period ) so they have to deal with a tons of mail to get support of their Client ....My own opinion never respectfull exchange will list the coin just for this .

PIP-0012 has not been implemented because there was not enough concensus on community on how to update this rule that was hardcoded since Genesis block based on Whitepaper description. Whitepaper didn't described how many years (2, 4, 10, 50?) and 4 years was a proposal by main dev on the first version...

In order to apply a PIP-0012 (or similar) a hard fork is needed.