You can do it on 2nd layer solutions such as the lightning network, with their own format. On the base layer you cannot do it without a hard fork, or it would undermine the invariants of bitcoin.
2017-12-12 8:24 GMT+00:00 Teweldemedhin Aberra <tewelde...@gmail.com>: > How? > > > > From: Ricardo Filipe > Sent: Tuesday, December 12, 2017 4:44 AM > To: Teweldemedhin Aberra; Bitcoin Protocol Discussion > Subject: Re: [bitcoin-dev] BIP - Dead Man's Switch > > > > yes > > > > 2017-12-12 1:10 GMT+00:00 Teweldemedhin Aberra via bitcoin-dev > > <bitcoin-dev@lists.linuxfoundation.org>: > >> Hi, > >> The only solution other than Dead Man's Switch to avoid gradual loss > >> Bitcoins in transaction is increasing the divisibiliy of Bitcoins. Then > >> Bitcoin values will need integer of more than 64 bits. Could that be done > >> with soft fork? > >> > >> On Dec 11, 2017 9:42 PM, <bitcoin-dev-requ...@lists.linuxfoundation.org> > >> wrote: > >>> > >>> You can implement this already, but only for ~1 year expirations. > >>> > >>> IF <normal script> ELSE <1 year> CHECKSEQUENCEVERIFY ENDIF > >>> > >>> Perhaps it would make sense to propose a flag extending the range of > >>> relative > >>> lock-times so you can do several years? > >>> > >>> Luke > >>> > >>> > >>> On Monday 11 December 2017 5:30:37 PM Teweldemedhin Aberra via >>> bitcoin-dev > >>> wrote: > >>> > It is estimated that about 4 million of the about 16.4 Bitcoins ever > >>> > mined > >>> > are lost forever because no one knows the private keys of some Bitcoin > >>> > addresses. This effectively mean there are actually only 14.4 million > >>> > Bitcoins in circulation even though 16.4 million are mined. There is no > >>> > way > >>> > of eliminating the human errors that cause these losses of Bitcoin from > >>> > circulation, while the number of Bitcoin that will ever be mined is > >>> > capped > >>> > at 21 million. This means the total number of Bitcoins that are in > >>> > circulation will eventually become zero, bringing the network to an >>> > end. > >>> > > >>> > The solution this BIP proposes is to implementing a dead man's switch >>> > to > >>> > Bitcoin addresses. The dead man's switch causes the Bitcoins assigned >>> > to > >>> > dormant addresses to automatically expire. A Bitcoin address is deemed > >>> > dormant if it is not used in transactions for some fixed length of >>> > time, > >>> > say ten years. > >>> > > >>> > The calculation of the miner's reward should take into account the > >>> > Bitcoins > >>> > that has expired. This means there is a possibility that miner's reward > >>> > can > >>> > increase if sufficient number of Bitcoins expire. > >>> > > >>> > Ref: > >>> > > >>> > http://fortune.com/2017/11/25/lost-bitcoins/ > >>> > > >>> > > >>> > > >>> > >>> > <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campa > >>> > ign=sig-email&utm_content=webmail&utm_term=icon> Virus-free. > >>> > www.avast.com > >>> > > >>> > >>> > <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campa > >>> > ign=sig-email&utm_content=webmail&utm_term=link> > >>> > <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> > >> > >> > >> _______________________________________________ > >> bitcoin-dev mailing list > >> bitcoin-dev@lists.linuxfoundation.org > >> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > >> > > _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
