Maybe we could vote in the client itself.
XEL holders can vote for or against using "any input" instead of just the first for redeeming the genesis block.
If >50% vote for yes, then this feature gets enabled for all those who did not vote "no". So, those who vote against that will definitely have their genesis block entry redeemeable only by the first input address.
What do you think? This seems "democratic" to me and everyone who does not want this feature, doesn't get it
XEL holders can vote for or against using "any input" instead of just the first for redeeming the genesis block.
If >50% vote for yes, then this feature gets enabled for all those who did not vote "no". So, those who vote against that will definitely have their genesis block entry redeemeable only by the first input address.
What do you think? This seems "democratic" to me and everyone who does not want this feature, doesn't get it
Why to vote?
I mean why not to enable that behavior for all the donations by default? It will allow some users to redeem, who otherwise will not be able to do that.
So there are benefits of having that feature ("redeem using any input address").
Lets now think what are the possible drawbacks of that approach. I can see only one: it could create some hypothetical security hole - if coins were sent from online wallets, where some of the keys belong to the online wallet owners, it is possible that online wallet owners will redeem the coins and steal them that way... Is this correct..?
Is there any other drawback?
And... am I thinking in the right direction here...?
What you describe would not happen in reality I think. The only wallets I know of are those, who use multisig-wallets to send the funds from. Multisig wallets are those starting with a 3....
The real drawback of this approach would be only if something like that happened:
1. Someone donated 100 BTC from his QT wallet.
2. The money came from 10 different addresses in one transaction
3. The first input is his "main wallet". Absolutely correct and he keeps this private key secretly
4. As the other wallets of his are empty, he posts the private key to one of the other addresses in some public online forum, in an example python script that he posts. I mean hey, he wasnt aware of the change that we are discussing.
5. Everyone can redeem his XEL
Hmm....proposal: Stick to the terms, give out the XEL that were redeemed correctly and then (after a period of time) reconsider again. Eventually (after there is no conflict with another person) release the XEL.
From a legal perspective its obv safe to just stay to the terms conditions and not pay out those funds, which maybe less then 0.1% eventually anyways.
I threw in less than 4 BTC in it. So if you will, I am working here exclusively for you guys!
