Post
Topic
Board Development & Technical Discussion
Merits 4 from 2 users
Re: in case of death; mandatory bitcoin deathswitch Dead man's switch
by
kaggie
on 14/04/2022, 15:41:03 UTC
⭐ Merited by ETFbitcoin (2) ,vapourminer (2)
I believe that 40 years or so a call to free lost coins will begin.

Any address that has not had a withdrawal in 40 years will be listed as an abandoned account and have 1 year or 2 years to do a withdrawal. It will will then forfeit and go back to the fund of coins left to mine.

I will be dead or 105 in 40 years. So I won't see it but in 2062 blocks will be only 0.0060986328125 coins

2024  3.125
2028  1.56125
2032  0.780625
2036  0.3903125
2040  0.19515625
2044  0.097578125
2048  0.0487890625
2052  0.02439453125
2056  0.012199726525
2060  0.0060986328125
2064  0.00304931640625


with LN really hurting fees there may a call to boost block rewards. who knows

I believe that would be theft.

You can increase the mining reward if you think that it is unfair. Both play with the economics of the system.