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Date: Fri, 2 May 2025 08:45:28 -0700 (PDT)
From: Francis Pouliot <francis@satoshiportal.com>
To: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
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Subject: [bitcoindev] Re: Introducing Hourglass
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Concept NACK.
1.7 million Bitcoin represents possibly about 1 week of global trading=20
volumes. Even assuming it is 1-2 months of trading volumes, the market can=
=20
absorb.
Trying to manage the Bitcoin price via spending restrictions is a terrible=
=20
idea.
In any case, the Bitcoin price routinely drops by upwards of 85%. It is not=
=20
a security concern. Price volatility is not a security.=20
On Tuesday, April 29, 2025 at 5:08:16=E2=80=AFPM UTC-6 Hunter Beast wrote:
> This is a proposal to mitigate against potential mass liquidation of P2PK=
=20
> funds. The specification is pretty simple, but the motivation and=20
> justification for it is a bit longer.
>
> https://github.com/cryptoquick/bips/blob/hourglass/bip-hourglass.mediawik=
i
>
> Feedback welcome!
>
--=20
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mail to bitcoindev+unsubscribe@googlegroups.com.
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<br />Concept NACK.<br /><br />1.7 million Bitcoin represents possibly abou=
t 1 week of global trading volumes. Even assuming it is 1-2 months of tradi=
ng volumes, the market can absorb.<br /><br />Trying to manage the Bitcoin =
price via spending restrictions is a terrible idea.<br /><br />In any case,=
the Bitcoin price routinely drops by upwards of 85%. It is not a security =
concern. Price volatility is not a security. <br /><div class=3D"gmail_quot=
e"><div dir=3D"auto" class=3D"gmail_attr">On Tuesday, April 29, 2025 at 5:0=
8:16=E2=80=AFPM UTC-6 Hunter Beast wrote:<br/></div><blockquote class=3D"gm=
ail_quote" style=3D"margin: 0 0 0 0.8ex; border-left: 1px solid rgb(204, 20=
4, 204); padding-left: 1ex;">This is a proposal to mitigate against potenti=
al mass liquidation of P2PK funds. The specification is pretty simple, but =
the motivation and justification for it is a bit longer.<div><br></div><div=
><a aria-label=3D"Link https://github.com/cryptoquick/bips/blob/hourglass/b=
ip-hourglass.mediawiki" href=3D"https://github.com/cryptoquick/bips/blob/ho=
urglass/bip-hourglass.mediawiki" rel=3D"noreferrer noopener nofollow" title=
=3D"https://github.com/cryptoquick/bips/blob/hourglass/bip-hourglass.mediaw=
iki" target=3D"_blank" data-saferedirecturl=3D"https://www.google.com/url?h=
l=3Den&q=3Dhttps://github.com/cryptoquick/bips/blob/hourglass/bip-hourg=
lass.mediawiki&source=3Dgmail&ust=3D1746286648541000&usg=3DAOvV=
aw1tNd8xMXQuikysZAdHDTXT">https://github.com/cryptoquick/bips/blob/hourglas=
s/bip-hourglass.mediawiki</a></div><div><br></div><div>Feedback welcome!</d=
iv></blockquote></div>
<p></p>
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