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Author Topic: Coin Freeze: ez stability solution. why doesnt this exist?  (Read 550 times)
ranochigo
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December 26, 2024, 05:37:13 AM
 #21

You can already lock your funds using nLockTime and OP_HODL and they're easily calculated to sum the total amount up, but that is not the main issue. There is simply no incentive for users to do so! The only time people are willing to lock their funds up, or to have any significant impact on the market is to have a certain amount back as interest.
NotATether
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December 26, 2024, 10:18:02 AM
 #22

Isn't this basically staking the Bitcoins?

There is no simple decentralized way to stake bitcoins. There are still plenty of centralized service providers that offer this though, but I assume that you remember what happened to that industry in 2022.

You could make a time lock to lock up the coins but you have no way of increasing the value of those coins outright, without running a Ponzi scheme. Because the only way new coins are created is by mining.

 
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betswift
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December 26, 2024, 10:20:30 AM
 #23

You can already lock your funds using nLockTime and OP_HODL and they're easily calculated to sum the total amount up, but that is not the main issue. There is simply no incentive for users to do so! The only time people are willing to lock their funds up, or to have any significant impact on the market is to have a certain amount back as interest.

Where it's done if needed, specifically? In Electrum or something along the lines of it?

ranochigo
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December 26, 2024, 11:25:37 AM
 #24

Where it's done if needed, specifically? In Electrum or something along the lines of it?
You can do nLockTime in any known wallets, Bitcoin Core and Electrum will support it. However, it doesn't exactly lock the coins, they're only meant to ensure that a transaction cannot be confirmed before a certain time or a certain block height; not a foolproof way to ensure that users cannot access their funds.

OP_CSV, on the otherhand guarantees that you cannot spend the inputs until its expiry. I'm not aware of any elegant GUI implemented with it, perhaps others can chime in.
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December 26, 2024, 05:26:06 PM
Last edit: December 26, 2024, 05:37:34 PM by franky1
 #25

no matter what coin it is.. the OP is talking about stable MARKET.. which is where he would need to collude with CEX market devs, about how they process market orders.. not any coin devs about how the blockchain works

the market price can be programmed to stop trading when certain price movements move too fast or too much coin is being bought/sold per timescale..
changing a coins network protocol wont stabilise a market as much as getting the actual markets to actually change their orderbook programming

..

as for tax coins are not taxed until they are sold for fiat ("realised price") so it doesnt matter about mining/minting/staking to accumulate coin. they dont get taxed at the coin accumulation, they get taxed at the selling of held/accumulated coin

also worth noting that most people who self-assess their taxes, base it off the whole year income/outgoing.. meaning putting a lock on coin for 3-6-9 weeks is meaningless and wont save them any tax liability because when they eventually sell the coin, thats when the tax is applied

..
lastly when a coin has a underlying cost of production/minting. such as electric use to mine. across the planet is  wide range of electric prices which causes a range of speculation which causes part of the price being unstable/variable
EG if its cheap to mine in slavic/nordic countries they can mine and sell cheap meaning they help push the price down.
EG if its expensive to mine in pacific island countries they will see any low price as cheaper than mining so happily buy and push price up.

the only way to stabilise the market is either have 'circuit breaks' on levels of market orders or change the blockchain protocol to one that has no cost of work.. the only isie of a no cost of work blockchain is that its then weak security

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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