Hi Everyone;

I hope this is the right place for my inquiry.

I'm wondering whether or not a cryptocurrency can be burnt proportionally and simultaneously across all wallets holding that specific currency. I have derived a method in which Bitcoin's "Asymptotic Money Supply Targeting" can be replicated; however, not through mining, but instead, through burning, Lets just call it "Burning to Asymptote Target" or BAT for short.  For this to work, a burning command is triggered at a predefined interval where the amount to be burnt, is burnt in proportion of a wallet's holding.

ex: If 100 coins out of 1000 are triggered for burning, and there are 3 wallets as following:

Wallet 1 has 10% of total supply (100 out of 1000 coins)
wallet 2 has 40% of total supply (400 out of 1000 coins
wallet 3 has  50% of total supply (500 out of 1000 coins)

then wallets 1, 2, and 3, should be able to burn 10, 40, and 50 coins respectively from their current holding.

Is that technically possible?  what do you think some of the risks are? and do you know of any current project that has this sort of concurrent burning?  

I would be glad to share my finding with you on the BAT approach as it iss perfect for industry specific blockchain tokens and currencies. It entails all the drivers of value ( both expressed ,and intrinsic) the bitcoin has without competing with bitcoin over hashingpower and elecricity consumption. (therefore striving for stability and not striving to gain value from cost of production)

Hi Everyone,

Its my first post in here, and surely wont be the last!

I couldn't help but notice the following:

Knowing that difficulty adjustment occurs every 2016, blocks; why are the dates of every other 2016^th block vary in date when it should have actually occurred?



Thanks, and hope I can find the right people here who can help me create the first of its kind crypto currency of a nation - The Arez Coin, The currency of the Lebanese Revolution against corrupt politics!