Talking about something strange:
https://bitcoinmagazine.com/technical/bitcoin-hodlers-need-to-pull-their-weight-tooThe question becomes, “How to secure the network (i.e. pay the miners) while HODLing?”
I believe the answer is to implement a HODL_FEE, which would compensate miners from dormant addresses.
In keeping with the bitcoin ethos, the HODL_FEE would be charged:
(a) to any address that had no coins going in or out for the last 52,500 blocks, which is one-quarter the halving period (approximately 1-year), and
(b) in an amount equal to 50% of Median Transaction Fee over the previous two weeks. Therefore, the HOLD_FEE would be re-set in a similar manner as the difficulty adjustment.
TL;DR Noises about taxing HODLers. Phil might applaud, but I think it would be destructive.
Imagine a ridiculously unlikely scenario which affects no one and then try affect change to bitcoin to fix that non-existent "problem". ffs Why is bitcoin magazine giving print-space to anons?
If I wanted a demurrage coin, I would have been all-in on Freicoin. It's not much different than any fiat currency which already has a similar intrinsic property and I can store that under my mattress until it's worthless if I so chose. If one cannot make a profit by mining Bitcoin based on the existing rewards and fees, one should not be mining bitcoin. If it were decided that Bitcoin needed another fee to promote mining, who decides how high the HODL fee is? Who decides how many miners are allowed to operate? Who gets final say on the diff limits? Why should I be shut out of mining just because my gov't charges me an energy tax and your gov't doesn't? I want to get in on the mining as well. From each according to his ability, to each according to his needs! Raise the fees!
Hodlers lower the liquidity and increase the scarcity of Bitcoin every.single.day. making it a more desirable an asset. I don't image anon is a hodler - hodling isn't easy by any stretch of the imagination... don't do any work pfft!
Why do socialist want to destroy everything? Get the fuck out of here.
I'm not opposed to hearing other's views but I don't like the fact that there is no section for comments; no place for rebuttals as we're goaded with "
Who’s ready to write a BIP?"
One of the stated values of Bitcoin Media LLC is:
"Be Prudent
Bitcoin is scarce, and so are company resources. Treat our resources like you would your own. Be prudent and sensible when it comes to spending so that we can control our own destiny (Please do not sell company chairs) - Stack Sats Mentality"
Also within its stated policy:
"The editorial staff accepts stories and story pitches entirely on their journalistic merits, timeliness, capacity for coverage and specific relevance to the publication’s readership in the Bitcoin space."
Imo, that article is a fail on both counts if they paid for that content.
