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From: Christian Riley <criley@gmail.com>
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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 <bitcoindev@googlegroups.com>
To: Richard Greaser <thebitcoinbugle@gmail.com>
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Content-Type: text/html; charset="UTF-8"
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<html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset=
=3Dutf-8"></head><body dir=3D"auto"><div dir=3D"ltr">=EF=BB=BF=EF=BB=BFHi,<=
div dir=3D"ltr"><div dir=3D"ltr"><div>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. </div><div><br></div><div>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. </div><div><br></div><div>Of course, the way to test is to fork you=
r software and see how many people will run it. :-)</div><div><br></d=
iv><div><br></div><div><div dir=3D"ltr">Sent from my iPhone<div><br></div><=
/div><div dir=3D"ltr"><br><blockquote type=3D"cite">On Aug 1, 2024, at 5:13=
=E2=80=AFPM, Richard Greaser <thebitcoinbugle@gmail.com> wrote:<br><b=
r></blockquote></div><blockquote type=3D"cite"><div dir=3D"ltr">=EF=BB=BFHi=
everyone, <div><br></div><div>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. <br><br></div><div>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. <br><br>I have written out a proposal more in depth and is=
attached below. </div>
<p></p>
-- <br>
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/msgid/bitcoindev/6512db18-bd15-462e-92fd-7549b5e885e7n%40googlegroups.com<=
/a>.<br>
<div><hodltax.md></div></div></blockquote></div></div></div></div></b=
ody></html>
<p></p>
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