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111 sats \ 3 replies \ @BITC0IN 21 Oct 2022 \ parent \ on: I'm Peter Todd, cryptochronomancer/web-π dev, AMA bitcoin
Having just read it and got the jist: oh wow that's some creative thinking.
ie locking up rewards to get them to mine for them again lol. hmmm.
lots of issues with getting miners to accept that one as a softfork. (UASF it lol)
I mean, I prefer it to the 21 million supply modification, but I'm not entirely certain it's aim is accurate either for incentives/outcomes.
It's interesting though, gonna have to chew on it.
lots of issues with getting miners to accept that one as a softfork.
Rather the opposite: I think miners are the ones most likely to push this, a it provides them with a reliable income stream. And it can be implemented gradually, in a way that is compatible with existing wallets.
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I think you'll find much less resistance with this method at the very least. I think tail emissions is too controversial. Probably best to drop the push for tail emissions and make this your primary push.
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On my todo list is to write up a proper description of demmurage and how I think it could be added to bitcoin.
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