> This is going to be the greatest wealth transfer in history, > from each, according to hir gullibility, to each, according to > hir ability to understand crypto and control market demand.
Part of the crypto revolution... and what crypto-anarchist would not love to lure and transfer gullible stat[es/esmen/ists]. Political candidates now accepting bitcoin campaign donations, and surely dabbling in DC's themselves while not having clue. > I, for one, would find it quite refreshing to have a serious > crypto-anarchist talk about how to implement demurrage and > clean up the UTXO set of all these old keys that have been > sitting around. Some first glance utilities might be... reducing size of blockchain enabling pruning, setting expectation of coin as being code mobility rolling release nonfork... ie: follow or be left behind. And there is already concept of coin days destroyed = coin in a tx * idle days. One problem is replicating [multiparty / programmed] contracts. These tend to have required [human / bot / DAO] negotiation which not all parties may wish to re-agree to, they may also be happy to watch demurrage burn things out of spite. Potentially leaving some merkle lingering longer than first thought. [If that is case then] another aspect is distributed designs to actually carve up and store unprunable decades worth of blockchain into a queryable historical storage layers, possibly again then demurring themselves if needed as size grows and legacy queries die off. Recalculating checkpoints, collating into signed active history bundles, and so on. > Or we can just wait until there's a new blockchain in which > the proof-of-work is cracking old bitcoin ECDSA keys. Cute, but not really elegant or power efficient.
