0 sats \ 2 replies \ @OneHungLow 21 Oct 2022 \ parent \ on: I'm Peter Todd, cryptochronomancer/web-π dev, AMA bitcoin
I may not totally understand tail emissions. If I choose not to move my coins for 20 years because they are perfectly fine where they are, and I’m passing them down, does that mean my coins could become tail emissions and be stolen from me?
write
preview
10 sats \ 1 reply \ @petertodd OP 21 Oct 2022
No. Some % of the value of them would be "stolen" in the sense that the currency had been inflated. But the coins themselves wouldn't be stolen.
Equally, in demurrage, you'd have to pay some % of the coin to spend it. With 0.1%/year, that'd be 7.5% if you moved your coins after 75 years. Much lower than inheritance tax!
reply
0 sats \ 0 replies \ @OneHungLow 21 Oct 2022
Thanks for the explanation!
reply