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Title: del Post by: myself on September 09, 2011, 06:17:46 PM del
Title: Re: a possible solution to money supply Post by: JohnDoe on September 09, 2011, 06:58:58 PM Miners would just keep sending money to themselves to generate a bunch of new coins.
Title: Re: a possible solution to money supply Post by: Gavin Andresen on September 09, 2011, 07:18:13 PM They won't lose any money to fees, because they won't broadcast their transactions-to-self, they'll just include them in blocks that they create.
So, evil miner does: Gets some myselfcoins. Creates transactions that pays themselves the myselfcoins, and pays BIG fees. Does NOT broadcast those transactions. ... eventually mines a block that contains those transactions (they're a miner, they can put whatever transactions they like in their blocks). Then does that again and again, re-using the same coins, getting richer and richer from the FEES+10% Title: Re: a possible solution to money supply Post by: JohnDoe on September 09, 2011, 07:26:42 PM Also how would the currency even start if there's no money and people to trade with at the beginning?
Title: Re: a possible solution to money supply Post by: JohnDoe on September 09, 2011, 07:40:37 PM What do you mean premium reward? I thought you said there would be no block rewards.
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