this is a great idea. i for one would like to see bitcoin as a whole take up a charitable cause: all tx fee's, or 1% of block subsidy paid to homeless and other charities, similar to the way devcoin works.
That would be bad feature, let the people decide what to do with their BTC !
greedy pestulent fool, please recognize that paying it forward goes along way to paving the road to legitimacy and mass adoption of bitcoin that we all dream of. people love a good story
You must recognize that agreeing that "paying it forward" and agreeing to donate all tx fee's (whatever that is), or 1% of block subsidy (whatever that is) to charity are two totally different things.
Open4lies never said paying it forward is a bad thing, he said it should be the individual's decision, not some centrally controlled feature.
I agree that it would be a bad feature for many reasons, one which I inferred to above, that this would centeralize bitcoin some what when one of the greatest attributes is its decentralized nature.
I think you were suggesting donating some of the transactions fees, this would take incentive away from miners that are the ones keeping the network running. Now the block reward is relatively high compared to transaction fees, but in the future, fees will make up more and more of the miners incentive.
It should be up to the individual what to do with their bitcoins. Lets leave taxes for real world governments to play with.
