Quote from: King Coolian on December 08, 2014, 01:07:34 PM

Quote from: Halofire on December 08, 2014, 12:34:16 AM

Quote from: Murch on December 07, 2014, 05:10:09 PM

Quote from: Halofire on December 07, 2014, 12:13:25 AM

You know guys, you totally turned my foul mood around today -- concerning personal life stuff but still. Thank you so much, just for that.

You guys really deserve to know about this topic I started. Maybe it's something you'd be interested in, and pertains to this situation as well.
https://forum.guldencoin.com/index.php?topic=521.0

Glad to hear that, hope it stays that way! I did take a brief look through your idea for that coin. I suppose the issue I have with that method is it disincentivizes holding onto the coin. If your forgetfulness could lose you your coins, why not just sell sooner to avoid such a situation?

Interesting point, if someone is going to sell their coins based on future forgetfulness, why would anyone want to adopt crypto? We are all human and make mistakes, but from your point, it provides crypto to only the ones who are "smart" enough to handle it, the rest will need fiat. How many millions of dollars are annually lost in cars, washing machines, etc etc? Any government prints more money to make up for that and then some, to ensure there is enough money flow. Some investors want price stability with fluctuations, not so much guaranteed price increase over the years from inflation based on system loss. Can either way work? Lose coins and price goes up, or have the system reclaim to maintain a range of price? I don't know.

Another thing is do we want people to "hold" their coins or use them? You can hold a coin for 20 years, but if there's no use, why bother holding it? It depends on what the King has in store for future direction. If LMR is meant to be a store of wealth like gold, then my idea isn't conducive. If LMR is meant to buy things, then system reclamation would be best, unless the King or future dev decides to code in more coins, if the need ever arises.

Coding is perfection, like crypto is ran by machines (edit: and software). If there is a foreseeable end to any coin though loss of coins, then the systems design has a flaw and will not be able to run itself for eternity without additional outside human influence. Yes, it will take many years to reach this point, but if we are battling the global government's grip on financial policy, won't we need an answer for everyone to persuade them to adopt crypto and abandon fiat?

Thanks for your idea mate! Honestly i'm more into "buying things with LMR". And reclamation system looks interesting, as well as some other thoughts i had. For now though i'm still thinking things over. Got some nice ideas, but need more time u know.

As long as you still have ideas, that means more is coming. That is good enough for me. Long live Lemurcoin! Long live the King!