t;
> 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
>
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> yes
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> 2017-12-12 1:10 GMT+00:00 Teweldemedhin Aberra via bitcoin-de
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,
You can implement this already, but only for ~1 year expirations.
IF 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
Hi,
1. If there are 16.4 million mined and 4 million are lost, that results in
12.4 million in circulation vs 14.4 million.
2. Satoshi addressed this as have numerous other people (
https://bitcointalk.org/index.php?topic=198.msg1647#msg1647 ) - lost coins
decrease supply, increasing value of the
On Dec 11, 2017 10:23, "Nick Pudar via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:
This topic has come up several times in recent years. While it is well
intentioned, it can have devastating outcomes for people that want to save
long term. If such a system were implemented, it
Aside from that such change would require a hard fork it also violates one
of basic rules of bitcoin, which has long term consequences for miners and
for whole Bitcoin economy. In short, after altering the supply limit it
would not be "bitcoin" anymore.
On Mon, Dec 11, 2017 at 6:30 PM,
This topic has come up several times in recent years. While it is well
intentioned, it can have devastating outcomes for people that want to save long
term. If such a system were implemented, it would force people to move funds
around in order to not get nullified. In that process, it
With all due respect, this isn't a BIP. It's idle speculation regarding
what one person considers to be a problem and others may not. Please
read https://github.com/bitcoin/bips/blob/master/bip-0001.mediawiki and
try again. Among other things:
- Convince us this is a real issue, and that your
