Quote from: BitcoinNational on September 10, 2014, 11:37:24 AM

Quote from: voileipa on September 09, 2014, 08:59:56 AM

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

This is actually very interesting as a counterpoint to illiquid, hoarder coins.

So basically hoarders not welcome...
Their coins are not destroyed, but re-distributed using PoS to active users...
Also all of the dust is collected and re-distributed...
I could see the stake being quite high like 50-100% annual.

You would need to spend them on very current bills like phone bills...
Or use them to trade on any exchange and provide liquidity.

Maybe create a hi-velocity versions existing coins...
Maybe call it the Russian Roulette coin where you lose everything 1 out of 6 spins.