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Author Topic: Incentive to make transactions often for better estimation of lost coins  (Read 665 times)
remotemass (OP)
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March 07, 2013, 10:31:29 PM
Last edit: March 07, 2013, 10:47:10 PM by remotemass
 #1

Maybe the protocol should reward addresses that made transactions during the latest interval of 2016 blocks, about every 2 weeks, just about when the network adjusts the difficulty problem.
This would make it more likely that addresses that couldn't participate in the 'freshness reward' were of lost/inacessible coins.
The probability of a bitcoin address getting such 'freshness reward' would be proportional to the balance of that bitcoin address.
So that having many fresh bitcoin addresses with the same amount of coins would give you the same chances of getting the 'freshness reward' in one of them, then if you used only one address and kept it 'fresh'.
This would help having a better and more accurate estimation of lost/inacessible coins.
Imagine such a "lottery" - say, of some 1000 BTC - every two weeks, and for you to be elegible just having to avoid having your coins/addresses completly stagant (as if the coins were lost) during all that time.

This would also be an incentive to have coins, in the first place.

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
Killdozer
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March 07, 2013, 11:36:07 PM
 #2

Not gonna happen. Too much to change, too small and questionable benefit.

grantbdev
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March 08, 2013, 12:26:55 AM
 #3

Maybe the protocol should reward addresses that made transactions during the latest interval of 2016 blocks, about every 2 weeks, just about when the network adjusts the difficulty problem.
This would make it more likely that addresses that couldn't participate in the 'freshness reward' were of lost/inacessible coins.
The probability of a bitcoin address getting such 'freshness reward' would be proportional to the balance of that bitcoin address.
So that having many fresh bitcoin addresses with the same amount of coins would give you the same chances of getting the 'freshness reward' in one of them, then if you used only one address and kept it 'fresh'.
This would help having a better and more accurate estimation of lost/inacessible coins.
Imagine such a "lottery" - say, of some 1000 BTC - every two weeks, and for you to be elegible just having to avoid having your coins/addresses completly stagant (as if the coins were lost) during all that time.

This would also be an incentive to have coins, in the first place.

What would be the purpose of knowing an estimation of inactive/lost coins? I think the price is a better indicator which implies supply.

Don't use BIPS!
MysteryMiner
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March 08, 2013, 02:13:32 AM
 #4

Crackpot idea. No benefit at all. Blockchain hardfork necessary.

bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
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March 08, 2013, 02:19:47 AM
 #5

Maybe the protocol should reward addresses that made transactions during the latest interval of 2016 blocks, about every 2 weeks, just about when the network adjusts the difficulty problem.
This would make it more likely that addresses that couldn't participate in the 'freshness reward' were of lost/inacessible coins.
The probability of a bitcoin address getting such 'freshness reward' would be proportional to the balance of that bitcoin address.
So that having many fresh bitcoin addresses with the same amount of coins would give you the same chances of getting the 'freshness reward' in one of them, then if you used only one address and kept it 'fresh'.
This would help having a better and more accurate estimation of lost/inacessible coins.
Imagine such a "lottery" - say, of some 1000 BTC - every two weeks, and for you to be elegible just having to avoid having your coins/addresses completly stagant (as if the coins were lost) during all that time.

This would also be an incentive to have coins, in the first place.

Oh hi,

Stick to your day job. Dont keep your head occupied with "ideas"

Thanks
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