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[2607:f8b0:4864:20::112c]) by gmr-mx.google.com with ESMTPS id 98e67ed59e1d1-2cff9447187si61975a91.1.2024.08.01.14.55.16 for (version=TLS1_3 cipher=TLS_AES_128_GCM_SHA256 bits=128/128); Thu, 01 Aug 2024 14:55:16 -0700 (PDT) Received-SPF: pass (google.com: domain of criley@gmail.com designates 2607:f8b0:4864:20::112c as permitted sender) client-ip=2607:f8b0:4864:20::112c; Received: by mail-yw1-x112c.google.com with SMTP id 00721157ae682-67682149265so62872917b3.2 for ; Thu, 01 Aug 2024 14:55:16 -0700 (PDT) X-Received: by 2002:a81:7cc1:0:b0:62c:c696:56fd with SMTP id 00721157ae682-68963423ea6mr15748487b3.38.1722549314982; Thu, 01 Aug 2024 14:55:14 -0700 (PDT) Received: from smtpclient.apple ([129.222.51.127]) by smtp.gmail.com with ESMTPSA id 00721157ae682-68a12d0ffebsm342467b3.100.2024.08.01.14.55.14 (version=TLS1_3 cipher=TLS_AES_128_GCM_SHA256 bits=128/128); Thu, 01 Aug 2024 14:55:14 -0700 (PDT) Content-Type: multipart/alternative; boundary=Apple-Mail-C4E61F8A-6DBD-4ADB-9559-3177DBCBD807 Content-Transfer-Encoding: 7bit From: Christian Riley Mime-Version: 1.0 (1.0) Subject: Re: [bitcoindev] HODL Tax Proposal Message-Id: <24BF8FD6-8FEF-429D-83CB-B27478BA152B@gmail.com> Date: Thu, 1 Aug 2024 17:55:00 -0400 Cc: Bitcoin Development Mailing List To: Richard Greaser X-Mailer: iPhone Mail (21G79) X-Original-Sender: criley@gmail.com X-Original-Authentication-Results: gmr-mx.google.com; dkim=pass header.i=@gmail.com header.s=20230601 header.b=mts9gwUr; spf=pass (google.com: domain of criley@gmail.com designates 2607:f8b0:4864:20::112c as permitted sender) smtp.mailfrom=criley@gmail.com; dmarc=pass (p=NONE sp=QUARANTINE dis=NONE) header.from=gmail.com; dara=pass header.i=@googlegroups.com Precedence: list Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com List-ID: X-Google-Group-Id: 786775582512 List-Post: , List-Help: , List-Archive: , List-Unsubscribe: , X-Spam-Score: 1.8 (+) --Apple-Mail-C4E61F8A-6DBD-4ADB-9559-3177DBCBD807 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
=EF=BB=BF=EF=BB=BFHi,<= div dir=3D"ltr">
Assuming this was a serious proposal,= I believe you will get few takers for this taxcoin, but if you implement i= t, perhaps I am wrong.  

As I recall, there h= ave been other similar proposals for seizing inactive coins and this is jus= t a slower proposal where instead of seizing them all at once you want to s= eize them slowly.  This would probably destroy such things as proof of= burn, puzzles, etc.  It could also change assumptions and incentives = - once an address is close to the =E2=80=9Ctax period=E2=80=9D miners might= refuse to mine a transaction with it to collect the tax. Also, from a tech= nical perspective, how is the =E2=80=9Cfee automatically deducted from an a= ddress=E2=80=9D?  And I=E2=80=99d also add this could result in a huge= number of transactions, enough to potentially fill all available space and= result in the inability to have other transactions or even get every =E2= =80=9Caddress=E2=80=9D active every X days.  There are other issues to= o. 

Of course, the way to test is to fork you= r software and see how many people will run it.  :-)


Sent from my iPhone

<= /div>

On Aug 1, 2024, at 5:13= =E2=80=AFPM, Richard Greaser <thebitcoinbugle@gmail.com> wrote:
=EF=BB=BFHi= everyone, 

It has become apparent to me that there= is an issue where users of the network holding their coins, are not adding= value to the network.

As miners continue to get squeeze= d post halving, they would benefit tremendously from fees being taken from = individuals refusing to move their coins, providing increased security to t= he network. 

I have written out a proposal more in depth and is= attached below. 

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<hodltax.md>

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