фото показано с : bitcoinmagazine.com

Imagine a scenario where you’re heading off for a 100-year vacation and you want your wealth to survive when you return. You decide to bury a safe that holds:

What do you expect the outcome to be when you return from your 100-year absence?

The gold bars will still be there in good shape. The $100 bills will have physically decayed and the purchasing power will likely have dramatically weakened to the point where the bills are worthless.

What about the bitcoin? What is the bitcoin worth?

The answer depends on how the network operated during your long absence. If other people were actively transacting, then the miners were securing the network and your bitcoin will be safe and valuable. If everyone puts their coins in cold storage and joins you in a 100-year absence, then transaction fees will plummet, miners will go out of business, the network will atrophy and the coins will be worthless.

In other words, the backbone of the Bitcoin network is an assortment of miners who process transactions and maintain the integrity of the blockchain via expending time and resources. Since the miners are compensated via transaction fees and predictably-declining block rewards, transactions must occur for miners to have the funds to secure the network.

From the start, the bitcoin ethos is that those who use the network must work at it. Having ownership or stake confers no special privileges. Proof of Work vs Proof of Stake.

Unfortunately, HODLers are not working. HODLers are expecting that others will be compensating miners so that the HODLers’ stake will maintain its value. In today’s design and perhaps inadvertently, HODLers are not living up to the bitcoin ethos.

The 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.

The HOLD_FEE is set to 50% MTF for two reasons: first, the address could avoid the HODL_FEE by making a simple transaction so we want the HODL_FEE based on current transaction fees, and second, the HODL_FEE is set to 50% MTF so that miners prioritize current transactions and then conduct HODL_FEE txns with the remaining block space.

Good faith arguments can be made to either increase or decrease the time and amount of the HODL_Fee, but these parameters make intuitive sense.

Aligns Incentives – In addition to block rewards and transaction fees, the HODL_FEE adds another mechanism for miners to be compensated, thus, encouraging the miners to maintain the network integrity even if transaction volumes plummet. HODLers will benefit the most as their coins will remain an effective store of value.

Cleans up the Dust – The blockchain is littered with Dust addresses that contain amounts of sats that are too small to conduct transactions. By one estimation, there are ~120 million addresses containing

Similar to Notcoin - Blum - Airdrops In 2024

origin »

21 +