Doesn't seem to be a good idea to lock unused Bitcoins. If someone is just saving it for some reason, they can lose them. And it doesn't solve the addresses with large amounts of Bitcoin. They can just move them every one or ten years to another address.
To determine the price of one BTC you don't have to know the total supply. It's always a matter of supply and demand.
That's the point. Forcing them to move them would produce proof that the coins are active. And I would argue that to make supply and demand work (correctly) you need to know the supply. But I guess taking the chance in losing at least ten percent (at least, probably a lot more due to the uncertainty) of the total value of the rest of the coins when the Satoshi coins move are the preferred sentiment on this forum. I don't think your question is a dumb one. But it has been thought out before. The thing to consider is that it does not address a problem. There is no need to know the supply for the system to work. Kinda like gold. No one knows how much gold there is or how much has been lost. And we don't need to know. Bitcoin is a system that works best without central control. |
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It's a great idea, we should also break into people's houses and banks and burn any money / throw away gold, paintings, heirlooms, etc that they haven't used for awhile.
lol. That is the problem with this solution; which has been discussed here for years now. It is simply not possible to determine which coins are lost. You would be awful pissed if you opened your retirement wallet and found it empty because someone thought you weren't using bitcoin enough. Besides, we don't need them. Even if only one bitcoin was left we could use smaller units. |
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Atheism isn't a believe in the non-existence of god, it is saying "I don't believe you when you claim that god exists, because you don't have any evidence."
That's all.
That is all. I don't believe in any gods because there is no evidence for a god at all. Not a single shred. It would be neat if there was. Also it would be cool if dragons were real. |
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This what happens when you learn history from the discovery channel.  |
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The problem with your chart is that most of those movies came after crashes. They are Hollywood reactions to market crashes.
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OMG! North Korea is attacking bitcoin! There is no way bitcoin can survive without the support of North Korea. Only communists like the DPRK and China can understand capitalism. You guys.  there is only one vote that counts, and that is price. It is a second by second global survey of confidence in bitcoin. So talk all you want, if the price does not change then it's just talk. |
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I would not "invest" in any coin, and certainly not an alt coin. Try instead using bitcoin as a payment system. That is the dope.
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This is not a problem and never was. OP, go read the white paper and the developments in the dev subforum. This is what happens when n00bs spend too much time in Speculation and not enough time learning about the bitcoin protocol itself.
We get a thread whining about scalability at least every month.
1) You do not need the entire blockchain
2) Blockchain compression
3) Big hard drives. When I was a kid people had 32 megabyte hard drives. If someone released a program that required 100mb, you'd get the whiners "OMG, average joe will never be able to run this program!" Then we had 100mb, 1gb, 100gb, 1tb, etc.
4) Lite clients that require 0 trust using some devious merkel tree tricks
5) Read the fucking available material on the problem already, smart people have already solved it.
yep. These are not new ideas. Indeed they have been thought about since before the Genesis block. The only question is which solution we use. |
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I shoot and/or build guns most every weekend. Currently I'm putting together a duracoat project. I don't have the nerve to do my rem 700P. I guess I'll get a rem 870 and do some wild colors. Or maybe a cool derringer?
And yes, I buy with bitcoin whenever I can.
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According to law it is not a currency
Funny isn't it. I don't care if the law says the sky is purple. Bitcoin is the money I use all the time to buy things with. Of course it's a currency.  |
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And what is stopping any of you from becoming the "center" of bitcoin? Nothing. There is no such thing as bitcoin's center. It is open source and you are free to start your own dev team and go to town.
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Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:
"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".
Wow, that's new. I wonder if they are going to add a bitcoin payment option as well? |
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Sorry for your loss.  |
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Hey all you chicken littles running around screaming about the falling sky - take a lesson from toast. Rather than incessant whingeing, he is putting effort behind actually doing something about the situation.
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+1 I "naysay" when all I see is complaining. This is action, totally different in my mind. |
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Just go cold war old skool on them. Those newbies wouldn't know a dead drop if they stepped on it.
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Wallets create addresses. Therefore a wallet can have hundreds of addresses. Personally I run three wallets. One with no balance. (used for downloading the blockchain). One with a small amount for spending. And one for cold storage of my btc stash.
I don't know how many addresses I have used. Two hundred?
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Hi Ralv, welcome.  This is an exciting time for bitcoin. |
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I just might have to do this this year.
Might as well use bitcoins to pay for taxes on my bitcoins... +1. I might be missing something, but that's a pretty big step towards being able to live and work in the US and never have to touch or own fiat. That's huge. That is big. Someone who is paid in BTC might be able to cut the cord. |
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I spend all the time. That what bitcoin is, a payment system. Then I buy some more and look for the next deal. By the time I find that next deal I will likely be buying at a steep discount, due to the appreciation in value. If I see the price crashing I hold and buy even more. The spice must flow! |
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This idea that nobody will spend bitcoins ever is absurd.
No kidding. I have spent over $800 this week alone, and over 2k since the new year. And no, not on drugs. I have never gambled or bought, drugs, porn, etc. with bitcoin. |
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