Post
Topic
Board Altcoin Discussion
Re: Altcoin where coins become unusable after some time?
by
BitcoinNational
on 10/09/2014, 11:37:24 UTC
Unlike most altcoins, there would be no reward halving: e.g. every block will _always_ contain 1000 coins.

This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.

Just popping some ideas here..

I've had this idea too.  Basically only the last 3-30 days of the blockchain is 'Valid'.  So no need to download the whole thing. (keeping it light and easy) ... mining would be less dominated by big rigs (guessing) ...  

Quote
so you would effectively create a self destructing money supply with the last one who is holding the coins to loose them?

no the coins are valid if they keep moving.

only stale/cold coins perish

use it or lose it