the pools get and will continue to get enough funds. they dont need more. and we should not ruin bitcoin security by by-passing the requirement of signatures to move funds so that pools can just grab funds from people based purely on a coins age.

also. this lame mindset of grabbing hoarders funds is not going to magically make the community better off.. instead its just going to make the main earners richer.

if you disagree, then if you have owned a car for 5 years. give your car away for free right now
if you disagree, then if you have owned a anything for 5 years. give it away for free right now

yep. if you own a house. just put a sign outside your door that says "first person to knock on door gets this house"
no rebuttles, no excuses why you wont do it.. if you really want to redistribute someones hoard.. start by getting rid of your own hoard..

screw it, you said "or any other time interval" so lets not make it 5 years. lets go with 1 year.. and then anyone can turn p and take your stuff

imagine. a normal drivers insurance cost.. now imagine the higher insurance cost for a taxi/uber driver.. especially if you seen how crazy some taxi drivers drive..
so imagine a insurance policy can be cheaper if their is evidence that instead of peddle to the metal overtakeing at risk to other drivers. that the other drivers are given a few pennies to have their vehicle slow down by a few mph and be a little closer to the pavement to give more room to overtake safely. eg oncoming vehicles also get a few pennies too
thus avoiding accidents and avoiding insurance premium increases. EG people earn a few pennies for giving way at a junction, thus avoiding cars getting side swiped at junctions
some companies already give 'new' drivers a little black box that records the drivers speed and gives them discounts for not going to fast. its much the same. showing evidence that other vehicles give way and the taxi/uber overtakes/manuavers junctions safely can reduce their insurance
...would you pay an extra 10cents if it meant not having a heart attack because the driver compensated 10 cars for 1cent each for letting it pass safely, avoiding heart attack car races some taxi drivers used to do


yep you get the idea exactly



i could have gone one step further where the 'acedemic credit' is the bases of money creation in a future utopia where the acedemic credits have financial value that can be traded for school resources. EG (credits get unlocked/spendable if the highschool graduate goes onto university/employment). because knowing a high school student with XXX credits has more chance of getting a degree and thus the university will 'create' more credits for the university to spend if the now university student graduates. thus it makes the education system work better at trying to get students into further education/employment rather than just doing tests for the sake of it

you will find that there are many layers of resistance points

mining income resistence point remains at around $8k (this is based on actual cost calculations not numbers picked out of a hat)
https://bitcointalk.org/index.php?topic=3140327.msg32495804#msg32495804

day trading resistance point based on 6-12 month month lows.. is around $6k+ ($6.6k at the moment)

so take that info any way you please

but i do like how many grab a random number but cant back it up..

my favorites are (from other sources)

driverless uber gets a pickup pasenger request. funds are locked in multisig. pickup arrives. vehicle goes to destination.
part of paymnt goes to ubers vehicle owner part goes to cities road repair management based on distance travelled and part goes to any vehicles that negociated to give way to allow uber vehice to overtake and get to destination faster and safer

customer goes to dealership to order a new car. picks the style, engine capacity, battery capacity and color of vehicle and any other modifications (sporty spoilers and bumpers, alloys etc). the payment is made and the payment splits up and goes to all the different departments automatically to trigger the manufacturing robots on what to build and put togther.

schools have 'credits' if a pupil attends school they get 1 credit per day. for each homework/test if they get an A+ they get 10 credits per test/homework and less if their grade is less.. each semester/term their multisig with their teacher is closed and broadcast and the locked into the blockchain. where each school isthe pow miner/pos signer
each year they need xxx credits to graduate the year or do summer classes/evening classes to get extra credit. employers of the future can all see the pupils records

every law has a hash. that hash is locked in a blockchain and the corresponding law then becomes active. but the hash only gets into a blockchain by public/commitee/authority vote

this topic keeps coming up time and time again.
the answers

1. its theft from people who want to keep their funds for the future(save for retirement/childs college)
2. no way to determine differnce between a hoarder and a lost address
3. if it becomes possible to spend funds without the need of the owners private key, it will break bitcoins security
4. demurrage just doesnt work

how about advocate governments to seize peoples assets unless they show a change of ownership slip every 2 years, and see how fast you realise the real life affect

how about when its time to retire in 20 years you find out there has been a 100% tax (5% a year)

how about realise that in the real world redistributing an individuals funds without their control does not end up in the 'global wealth for all humans' but instead held by the pools.
for instance mining pools wont care about lost coins because they have their own income stream, and via demurrage they would get a fat bonus, they are the only ones that will get anything from such. but no one else will.

its not healthy for the economy, it breaks security and it breaks peoples trust of ownership

the real question

is banking via people partnered with corporate hub in a LN smart contract, .. replacing bitcoin

only those that have fully read the LN code and understood LN, should answer
only those not fooled by the over promises and under delivered features should answer

the very simple version is this. imagine you make regular payments to someone. like walmart for instance.

instead of you making a transaction of $1 for a loaf of bread each day.
1youraddress 0.00013btc -> 1Walmartaddress 0.00012 (fee:0.00001)
signed:you


you instead put a months worth of funds into a joint account (multisig address). walmart can also put funds in too, if they wanted
1youraddress 0.00365btc -> BCq1yourandwalmartchanneladdress 0.00364
signed:you(fee:0.00001)

1Walmartaddress 0.00002 -> BCq1yourandwalmartchanneladdress 0.00001
signed:walmart (fee:0.00001)

now away from the blockchain you and walmart can makes transactions where you both need to sign.. but then DONT need to send to a bitcoin pool to add to a block
BCq1yourandwalmartchanneladdress 0.00364 -> 1youraddress 0.00364
BCq1yourandwalmartchanneladdress 0.00001-> 1Walmartaddress 0.0000
signed:you
signed:walmart (fee:0.00001)

then when you want to pay walmart for bread you both make, sign but dont transmit a new tx by adjusting who owes what of the amount in the multisig:
BCq1yourandwalmartchanneladdress 0.00364 -> 1youraddress 0.00352
BCq1yourandwalmartchanneladdress 0.00001-> 1Walmartaddress 0.00012
signed:you
signed:walmart (fee:0.00001)

and tomorrow, again withut transmitting to a mining pool you agree to pay for another loaf of bread
BCq1yourandwalmartchanneladdress 0.00364 -> 1youraddress 0.00340
BCq1yourandwalmartchanneladdress 0.00001-> 1Walmartaddress 0.00024
signed:you
signed:walmart (fee:0.00001)

and so on and so on
now because you are not actually sending these transactions to the bitcoin pools to add to the blockchain your not actually spending the fee. nor are your transactions in blocks.. they are privately held between you and walmart, until such a point as you run out of funds you deposited in, to give to walmart or you both agre to close the channel and transmit the most recent tx to a bitcoin pool to be added. at which case you have done maybe 28 purchases of loaves of bread but only spent on fee of 0.00001 for all of the month.

...
now thats the basic unbiased and unbuggy concept.. hwever LN is not as unlimitd, as powerful, as refined, as utopian as made out by certain devs and the reddit hype tries to make out. there are issues and limitations.. it wont irradicat onchain spam. it wont make onchain fee's micropennies and its not useful for everyone.

but ill leave that for another post to explain the issues

bitcoin will get surpassed when coinbase/bitpay offer its merchant shopping cart tools to a new coin thats easier to manage than bitcoin. then bitcoins utility and desirability will jump to the new coin

banks dont bitcoin and bitcoin doesnt need banks.. thats the whole point of bitcoin

let the banks just hold and transfer fiat between people that want fiat.
its like asking why dont american banks allow euro to be withdrawn from american ATMS.

because american banks by laws and policies only handle dollars. this does not mean euros are illegal in america, it just means that you need to go to a bureau de change to get euros.

in short regulations only ask for MSB to report people who make transactions over 10k in a lump/small time frame of smaller amounts that can be seen as moving a large amount often.

they need to gather identification info to ensure people dont just make multiple accounts..

but essentially its not a regulatory requirement to ask for income statements. infact 90% of KYC is about regulators telling companies to make their own policy handbooks on how the company will identify suspicious transactions. rather than a regulator demanding an entire life history

thus regulators dont need to know all that crap, but its the company that would ask all that crap because the company fears that not having peoples entire private/personal life story will get them in trouble.

in my eyes i have seen many exchanges overstep their boundaries. infact companies are not suppose to even freeze/seize assets, not even allowed to inform customers that a sars file has been sent to authorities or that the customer is under investigation/review.

the company is suppose to not act as a authority, but simply a witness.. allowing the transaction to go through as normal and just report the suspicious activity confidentially. its for the real authorities to get a court order and apply a asset seizure. not the company independently/by choice just seize funds

so when i see exchanges do crap like this, my mind says that the company has no clue and does not even know its job/purpose

every market has speculation. and when this speculation hype/vapour has expanded really high really quickly for no good reason. then that area is the speculation BUBBLE area.
this does not mean that bitcoin as a whole is a bubble or that houses are a bubble. the term bubble is about the over pricing.

take this as an easy example.
look at the bitcoin price chart for the last 6-12 months. ignore the highs and only look at the significant LOWS. you may see 3-4 that really stand out. draw a line through these 3-4 significant lows.. and you will see that as the water line of bath water (real utility value).. anything above the line is bubble bath bubbles of speculation

there isnt just 1 bubble and then thats the end.. there are always bubbles (speculation/hype) people will always be trying to stir the water to create  new bubbles and this happens in every market. even the housing market

evaluating the price of bitcoin

bitcoin is not priced just on faith/belief. its price based on cost to make/buy
ignore the highs, ignore the hype, ignore the speculation rises. as that is speculative bubble stuff..

now let me explain
the best place to start with, is mining costs. mining pools will refuse to sell for less than it cost them to make bitcoin

secondly traders. (buyers/sellers) can sell for less than what a miner would refuse to sell for, but a trader will refuse to sell for less than they bought it for.

once you know these two numbers, you will have 2 'resistance points' to use for analysis
hint 1.
for mining cost. take the current hashrate and divide that by 14.
you now know how many S9 ASICs are running. now look for the price of an S9 and multiply that with the number of S9's running
imagine most S9's are going to run for about a year before they burn out or get replaced, etc. so divide that number by 365 to get a daily cost
then divide that by 1800 for the average amount of bitcoins minted each day

hint 2.
for traders resistance point. look at the price chart for 6-12 months. ignore the high prices and only look at the significant low points you might see 3-4 really noticable lows.. join up those low points with a line to see a smoother average trade resistant point

there are many other markers of rational nderlying value. but knowing a few of them gives you the bases of healthy 'value'.. and then when you see price spikes go way above that average in too short of a time. well that is the speculative bubble area price/not value.

imagine the resistance points as bath water of true utility,function, desire, demand.. and anything above that as bath bubbles that can be stirred up to create peaks, or burst back down to leave only water once the stirring has stopped

evaluating the utility value
unlike the 6000+ other altcoins. bitcoin actually does something. although the fee's can be high at times i can buy real food in the real world with my bitcoins. but i cant use litecoins ethereum or any of the other thousands of coins with that same merchant to get the same food.
bitcoin while it remains the more popular coin for merchants to accept has utility value.

so if you want to evaluate utility value, just look for examples of real life things that can be bought/done with a crypto currency

bitcoin already solved the issue around employees using their works network to CPU/GPU mine bitcoin

its called ASICS
just 1 ASIC has the hash power of 13,000 high end PC's, so no one is stupid to risk their job mining bitcoin using insufficient hardware(pc's)

most of the illicit mining is from the altcoiner penny grabbing dim whits, not bitcoin community.

as for permissioned vs permissionless.. well fiat has been a permissioned system for decades, and in 2007 shown even those at the top of the permission list ended up being the most corrupt, thieves of them all

going mainstream is about it going public where people can get their hands on it very easily from different locations.

if your thinking about licencing your idea to only be used by certain companies where they have no competition, then your idea wont work.
(your limiting the userbase)
if your thinking your idea is to be used by many companies where they have competition, then your hope of getting rich from one company wont work.

really have a think about the end user and how you think they will get access to your idea. think about what current companies will be your access avenue to the masses.

be aware many 'new' entrepreneurs will dazzle you with big sums and say you can get X% royalty per time the idea is used. but you need to disclose your idea to them. they then patent it with a clause/adjustment.. an get you to sign the royalty agreement against that patent
and then they shelve it.. never to use it

then they release a separate patent without the clause/adjustment that is different enough to not infringe the first patent. and thats the one they run with.. without your royalty payment tied to it

also remember for you to make money. a company you partner with has to make money. for them to make money people will have to be willing to buy the product/service.

think of the value your product/service is worth to the end user to be willing to buy it.
EG
would Visa/mastercard be as popular if customers were not given a plastic card for free to use it. but instead had to pay $10 just to get a visa card
would giftcard companies be popular if people wanted a $10 giftcard but were told by the cashier.. well thats $11

would paypal be popular if it cost a person $5 to have a paypal account

i have no clue wha your idea is but bitcoin is about fund transfer, so i used the visa/paypal examples purely based on a idea of commercialising fund trasfer where it becomes less popular if you start charging just to access


... things to think about

 

also its worth pointing out to the OP
if he set a script to have a number. convert it to a private/public keypair, to check the balance.
and was able to do 1000 a second
thats
60,000 a minute
3600000 an hour
86400000 a day
31536000000 a year
315360000000 a dacade
3153600000000 a century

so yea. a century.. thats your grand kids taking over the project and only got to 3153600000000
3153600000000 out of
904625697166532776746648320380374280100293470930272690489102837043110636675
so
31536000000000 a millenia
315360000000000 10,000 years
3153600000000000 100,000 years

should i go on....
28,685,492,680,318,700,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 millennia

im not disagreeing with you. what im saying is people that want centralised services(exchanges) and legitimacy. should not advocate for regulation as it wont help them. regulations are not about consumer protection (how many people got to keep their house mortgage free when the housing crises of banks doing illegal mortgages.. even though the banks were "regulated", how many bankers got arrested.....)
regulations are meaningless

all that will help is consumer protections

so for the regulation advocates that will only trade on ICO's that are registered companies. its better to advocate for consumer protections (office locations, customer service and consumer liability insurance and asset coverage insurance (yes these are separate to the priority of regulations because the purpose of regulations is AML.. consumer protections is separate and comes second place priority not first)

as for those that want decentralised unregistered boiler room high risk high returns, well thats like high risk moonshine during the prohibition era or street corner opioids instead of doctors proscribed. they take the risks they take the losses..
but the importance is that registered exchanges should protect consumer FIRST(insurance/office address/hold selves liable if defrauding a customer) and then do the AML policy second..

again just asking for regulations is meaningless and unhelpful

putting funds into trendon shavers BT&S was a 100% tax
putting funds into bitcoinica was a 100% tax
putting funds into intersango was a 100% tax
putting funds into mtgox was a 100% tax
putting funds into butterfly labs was a 100%
putting funds into mintpal was a 100% tax
putting funds into cryptorush was a 100% tax
putting funds into cryptsy was a 100% tax
none of which were truly legit

but atleast for MTGox there was a name/face and physical location to slap some lawsuit on him. regulations wouldnt have done customers any favours. but consumer protection practices helped

i never ever ever try to dare guess what the next all time high would be or when it will occur..
but looking at resistance point trends, mining costs, difficulty rise trends, etc. i would say right now $6k-8k is holding pretty well for a good LOW resistance points. and i can see possibilities of this being at $10k in a few months instead of $6k-$8k.

wont kill it off. but would make people more aware of the ones that dont register. thus making their premine be worth alot less.. where as registered ones would have an office address to slap the team with a wet fish/court order should they do their buyers harm. thus the value of their premine would be worth more.

we will always have boiler room trading share scams. even now in a society of regulations
we will always have knock-off filler cut drugs even in a regulated drugs market
we always had alcohol even in the prohibition days

but atleast people knew the risks and would only be victims of their own greed for it
EG a registered doctor gives you an overdose of prescription opiods.. sue him .. street dealer gives overdose of opiods.. sorry you screwed urself up druggy!