Quote from: Etlase2 on May 14, 2012, 02:08:05 PM

Quote from: k9quaint on May 12, 2012, 09:59:12 PM

Why exactly must people lose their money for participating in the currency?
Nobody has articulated that need to my satisfaction.

The problem is the lack of participation. If you store some tiny ass amount in an account and expect it to be there in 20 years, that is ridiculous. Why does everyone have to service you for nothing? Bandwidth and storage are cheap, but they are not free. However, I think the way soiledcoin 3 is doing this is just another early adopter scam joke. Charge inactivity fees after an extended period of time, but not daily fees regardless if there is activity or not. If you are making or receiving transactions, then you are supporting the network regardless of how much is in your account and you shouldn't be charged anything since you are already paying tx fees--and it ensures that the wallet key is not lost. If you have some piddly balance after a year with no activity, yes you should be charged a fee, imo.

Bitcoin has made a bunch of self-serving whiners that expect everything to be free on the backs of the people who actually support the network. Although, at this point, a good majority of them are miners too, but this will certainly not always be the case. Not that the bitcoin network is even capable of charging inactivity fees though.

The security of Bitcoin is proportional to the length of it's block chain. Each block added makes past transactions more secure so adding blocks is in everyones interest. Most transactions are less than a K in size, so storing one costs ~$0.000001667 and that number gets smaller every day. Transactions can be pruned in theory (although the client does not yet support this feature), so in theory not every client need store the full blockchain for 20 years.

Every bitcoin client stores the blockchain and more importantly, they check the validity of it. How can the clients be whining and expecting free stuff when every single one is paying to store the blockchain and verify it?