Topic: Altcoin where coins become unusable after some time? (Read 939 times)
Demurrage like in Freicoin has a similar effect, discourages hoarding.
All kind of altcoins of the first generation without special attributes. 
Unlike most altcoins, there would be no reward halving: e.g. every block will _always_ contain 1000 coins.
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
I've had this idea too. Basically only the last 3-30 days of the blockchain is 'Valid'. So no need to download the whole thing. (keeping it light and easy) ... mining would be less dominated by big rigs (guessing) ...
Quote
so you would effectively create a self destructing money supply with the last one who is holding the coins to loose them?
no the coins are valid if they keep moving.
only stale/cold coins perish
use it or lose it
This is actually very interesting as a counterpoint to illiquid, hoarder coins.
So basically hoarders not welcome...
Their coins are not destroyed, but re-distributed using PoS to active users...
Also all of the dust is collected and re-distributed...
I could see the stake being quite high like 50-100% annual.
You would need to spend them on very current bills like phone bills...
Or use them to trade on any exchange and provide liquidity.
Maybe create a hi-velocity versions existing coins...
Maybe call it the Russian Roulette coin where you lose everything 1 out of 6 spins.
Altcoin where coins become unusable after some time? (so you have to use them)
Are there any?
Are there any?
Congratulations, you've re-invented inflation.
Copy and paste coins have no future.
Unlike most altcoins, there would be no reward halving: e.g. every block will _always_ contain 1000 coins.
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
I've had this idea too. Basically only the last 3-30 days of the blockchain is 'Valid'. So no need to download the whole thing. (keeping it light and easy) ... mining would be less dominated by big rigs (guessing) ...
Quote
so you would effectively create a self destructing money supply with the last one who is holding the coins to loose them?
no the coins are valid if they keep moving.
only stale/cold coins perish
use it or lose it
Unlike most altcoins, there would be no reward halving: e.g. every block will _always_ contain 1000 coins.
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
This way, there is really no "incentive" to mine and hold coins. But they can be spent e.g. for voting or injecting stuff to the blockchain.
Just popping some ideas here..
Altcoin where coins become unusable after some time? (so you have to use them)
Are there any?
Are there any?
i dont really see a point for this, as you can always send coins to different addresses you have control of.
The coins would be traced to the block they were created in. If that block is e.g. "1000 blocks old" the coins are invalid.
so you would effectively create a self destructing money supply with the last one who is holding the coins to loose them?
sorry, i dont really get what you want to achieve with it.
Altcoin where coins become unusable after some time? (so you have to use them)
Are there any?
Are there any?
i dont really see a point for this, as you can always send coins to different addresses you have control of.
The coins would be traced to the block they were created in. If that block is e.g. "1000 blocks old" the coins are invalid.
Altcoin where coins become unusable after some time? (so you have to use them)
Are there any?
Are there any?
i dont really see a point for this, as you can always send coins to different addresses you have control of.
Altcoin where coins become unusable after some time? (so you have to use them)
Are there any?
Are there any?
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