Coin Freeze: ez stability solution. why doesnt this exist?

[irishedmund]

Every crypto development team accept bitcoin needs to implement a form of interest free, zero reward staking to stabilize the liquidity of all coins accept bitcoin.  All wallets other than bitcoin need to have a function within the wallet to “freeze” an assigned amount of coins. The function is initiated by holder of the coin. The time period should be for either 30,60,90 days. Longer time periods could do very weird things to the market but 30-90 days will greatly reduce risk and provide great value to price of coins. the user just selects how long and amount of coins and the wallet simply releases the coins back after given time period. so each wallet would have liquid and frozen coins like take 90% of your coins and lock them up for 90 days to show the world your not selling them.

There needs to be new category on coin market cap showing amount of frozen coins with the standard being how many coins are frozen for at least 60 days. This statistic would be listed right next to circulating supply, max supply, volume, etc.

The lack of interest payments for staking removes all the tax nonsense, removes all regulation, and other headaches with implementing defi and staking. There is no financial product provided you are just allowing the users to temporarily freeze the coins to increase stability of the market and put a quantified value on hodl'er %. The reward is increase in price of asset.

THIS GIVES A NUMERICAL NUMBER VALUE THAT REPRESENTS HODLER% THAT THE WHOLE WORLD CAN SEE.
The stat could even be called  “hodl’er %” or "frozen coins"

Each coins website would display the 30 60 and 90 day frozen coins. This would effectively rank the coins by risk. its essentially a certificate of deposit that pays no interest.

Just build something within the wallet that freezes the coins then releases them after 30,60 or 90 days. send the data back to be collected and tabulate how many coins are frozen. This solves tons of issues. so in the wallet you would have liquid coins and frozen coins.

I just read the white paper a couple weeks ago and did the whole who is Satoshi 3 day binge (peter todd is my official guess the "to be specific" post right after Satoshi is just not how you talk unless you posted the post above)

This idea about locking up the coins to lower risk was screaming at me the whole time from the very beginning. You need the crypto to be way less liquid or at least show the hodler %. ALL THIS HODL'ING WITH NO REPRESENTATION OR VISUAL STAT TO CONNECT IT IS CRAZY. why doesnt this exist??? Am I THE crazy ONE?

i know theres no current way of doing this it would need to be developed this is a new idea. would easily skyrocket all coins if there locked up for periods of time all initiated by the user. if it cant be done within the wallet the coins could be sent to address that simply return them after 30 days time. many angles and ways to do it. think outside the box people.

[irishedmund]

its a savings account that the world has access to see. how much is in savings how much in checking.

like take 90% of the coins and lock them up for 90 days.

Example:     
 If theres 40 billion units in circulation of "example coin" and on coin market cap you can see 32 billion is locked up for at least 30 days that would add stability decrease risk and in comes the rest of the worlds money. simple. You need visual representation and a numerical value on holder % because its not being given the right weight currently.

[SquirrelJulietGarden]

All wallets other than bitcoin need to have a function within the wallet to “freeze” an assigned amount of coins. The time period should be for either 30,60,90 days. Longer time periods could do very weird things to the market but 30-90 days will greatly reduce risk and provide great value to price of coins.

You can use nlock time if you want.
You can freeze your UTXOs if you want.

But if freeze comes from centralized exchanges, custodial wallets, that is terrible and as a Bitcoiner, I never want it.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
Dust Attack, what it is, why it is dangerous and how to prevent falling to it. Freezing UTXOs can be used in this case.

There needs to be new category on coin market cap showing amount of frozen coins with the standard being how many coins are frozen for at least 60 days. This statistic would be listed right next to circulating supply, max supply, volume, etc

You can not identify owners of bitcoin and you can not know that coins were frozen, lost or not.

Circulating supply, total supply are enough for fundamental information. Other stats are estimations with unknown accuracy and they're not too helpful without good accuracy of estimations.

[irishedmund]

the freeze is initiated by the holder of the coins to show there not planning on selling anytime soon.

[SquirrelJulietGarden]

the freeze is initiated by the holder of the coins to show there not planning on selling anytime soon.

As a Bitcoin holder, I have no need to show off anyone my plan that I am holding my bitcoin, I am not going to sell it soon. It's bad for privacy and it's unsustainable too.

If other people want to invest in Bitcoin, they must do research about fundamentals of Bitcoin, and have belief in Bitcoin future, so that they spend money to invest in Bitcoin. They don't need to rely on me, my signed message, whatever like your proposal, to believe that Bitcoin price will grow up more with time.

Holding is not only factor that contributes to price growth. You can see many altcoins with many altcoin holders, but their prices fall with time like 99% fall from ATH or previous market cycle or even died.

[irishedmund]

i dont think you even read it or understand what im proposing its for all coins accept bitcoin

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

[Apocollapse]

I think it's possible to know, if someone want to scrape all the transactions and find the transactions that contains hash which used for timelock.

For now, there are only statistic for transactions in height and timestamp based locktime, not in BTC amount.
1. https://transactionfee.info/charts/transactions-height-based-locktime/
2. https://transactionfee.info/charts/transactions-timestamp-based-locktime/

I think without need to know how many coins are in timelocked, at least we know 75% of total coins hasn't been moved for six months, it's more higher than just holding for 90 days.

[franky1]

the OP has not clue....

firstly.. bitcoins market price has got nothing to do with the function of the blockchain.. nor transactions on the blockchain
the market price is based off of trades from centralised exchanges, not blockchain transactions

if you want to stabilise the price then you have to persuade the centralised exchanges to change how their market orderbooks operate.
for instance regulators would make rules that if the market price moved more then X% they would need to 'circuit break' the market order books to shut off trading

market orderbook trading has nothing to do with the blockchain transactions
the amount of coins that are held by centralised exchanges is NOT the entire circulation total of bitcoin
the amount of coins on a market order book is not the total coins held by an exchange
the amount of coins that actually get processed as market orders that change the price are not all the coins on the market order books

there is no real linkage between the coins trades that affect the market price vs the coins circulating in the networks

[ABCbits]

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

Go learn how Bitcoin works. Current Bitcoin protocol doesn't have feature to automatically create transaction or make refund.

[john_egbert]

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

Go learn how Bitcoin works. Current Bitcoin protocol doesn't have feature to automatically create transaction or make refund.

Yeah, probably because there is no built-in smart contract capabilities for that, or time-lock mechanisms for the assets in question.
There is no way to "freeze" the assets within the wallets to make a refund.

[irishedmund]

its not for bitcoin! read the original post people! its for all coins accept bitcoin. it would stabilize the whole market. and i know its not currently able to be done thats why im suggesting it.... you guys arnt understanding what i posted read it slowly. it would have to be new code new invention jeez

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

Go learn how Bitcoin works. Current Bitcoin protocol doesn't have feature to automatically create transaction or make refund.

its not for bitcoin read the original post it clearly says all coins accept bitcoin. bitcoin is already stable enough its implied

the OP has not clue....

firstly.. bitcoins market price has got nothing to do with the function of the blockchain.. nor transactions on the blockchain
the market price is based off of trades from centralised exchanges, not blockchain transactions

if you want to stabilise the price then you have to persuade the centralised exchanges to change how their market orderbooks operate.
for instance regulators would make rules that if the market price moved more then X% they would need to 'circuit break' the market order books to shut off trading

market orderbook trading has nothing to do with the blockchain transactions
the amount of coins that are held by centralised exchanges is NOT the entire circulation total of bitcoin
the amount of coins on a market order book is not the total coins held by an exchange
the amount of coins that actually get processed as market orders that change the price are not all the coins on the market order books

there is no real linkage between the coins trades that affect the market price vs the coins circulating in the networks

its not for bitcoin it says in op idea is for all coins accept bitcoin. and its new idea new technology i know it doesnt exist, would need to be coded and developed. it would quantify hodl% in a real logical way that would make crypto way less risky. think about it, what you think itll do to price if there a metric that show 75% of coins are "frozen" for at least 60 days. that stabilizes market and skyrockets price it would have to. once people stopped freezing coins the price would go down. super new idea would need much deveopment and brainstorming but its a good idea for sure.

[PrivacyG]

What do you mean 'all coins accept bitcoin'?  You mean all Coins EXCEPT Bitcoin maybe?

Freezing for interest rates is a concept invented particularly to attract more people to Shit Coins.  40 Billion Shitcoins total supply, everybody puts 90 percent of their Shitcoins in to freeze for 90 days.  36 Billion Shitcoins frozen for 90 days.  This typically ends with a huge dump Scam before the 90 days are over and once your Shitcoins are unlocked, you can wipe your butt cheeks with them because they are completely worthless.

[Aanuoluwatofunmi]

All wallets other than bitcoin need to have a function within the wallet to “freeze” an assigned amount of coins.

We have to talk about the kind of wallet in consideration before looking into how we can freeze the wallet, we have a custodial wallet and no custodial wallet, if we want to consider freezing our non custodial wallet, then the power is in our hands because we have the control over doing that, just try to safekeep the private keys and close the wallet app till you wanted to see it again, you can also make use of time lock as well, but never expect a lock coming from a centralized exchange over your asset, you may permanently lose it completely if frozen by them.

[icalical]

the idea of locking up coins in a 30, 60, or 90 days already exist in some platform, like in Binance, they offfer rewards associated with it in order for people to take part, and without that, these systems would attract few if any users, thus restricting their potential. It's a transparency that might get added by including some "frozen coins" or "hodler %," but doing so may bring about manipulation or overcomplication. Perhaps better than building a whole new system, improving the existing staking models that manage to provide security and incentive will meet these complaints more adequately.

[SquirrelJulietGarden]

the idea of locking up coins in a 30, 60, or 90 days already exist in some platform, like in Binance, they offfer rewards associated with it in order for people to take part, and without that, these systems would attract few if any users, thus restricting their potential. It's a transparency that might get added by including some "frozen coins" or "hodler %," but doing so may bring about manipulation or overcomplication. Perhaps better than building a whole new system, improving the existing staking models that manage to provide security and incentive will meet these complaints more adequately.

They offer it to customers to lock for example BNB on Binance exchange for benefits like reduction trading fee, VIP program, and more, but with Bitcoin, do you actually want to take risk by locking your bitcoin on any centralized exchange and take minor benefit but have to accept very big risk?

I guess experienced Bitcoin investors don't want to take this risk, because with collapses and death of centralized exchanges and centralized platforms, they do understand importance of "It's your private key, it's your bitcoin".

Exchange graveyard with different reasons of many exchange deaths, can fear many people.
https://www.cryptowisser.com/exchange-graveyard/

[yhiaali3]

If it cant be done inside the wallet due to constraints another option, the coins would need to be sent to an address and automatically returned after given time period. its the data of the coins being frozen that would make crypto more stable

This is not possible in non-custodial wallets but it is possible in custodial wallets or centralized platforms that have the option of staking or locking coins for a period of time ranging from 15-90 days.

Centralized platforms do this locking for a large number of altcoins but in reality this leads to an increase in the price during the lock period only, because once the lock is unlocked users will most likely sell their coins when they see the price rise and this may lead to flooding the market and the price falling again due to the large quantities of sales.

[pooya87]

its not for bitcoin read the original post it clearly says all coins accept bitcoin.

You mean your topic is about altcoins? The word is "except" not "accept" which is why nobody got it. Also if it is about altcoins, then you posted this in the wrong board. This board is only for bitcoin related stuff, move it to the altcoin discussion board.

In any case, your idea won't change anything for altcoins either. The problem with them is not only their massive supply. Their problem is lack of actual demand that is the result of their uselessness (no real demand). Freezing supply would just be an artificial way of hyping the market and creating the illusion of supply shortage to try and get the coin pumped. I'd categorize your idea as market manipulation because of it.

Besides, why create all that supply in first place if it is going to be frozen to fake-pump the shitcoin? It's like putting a Band-Aid on a broken leg!

[davis196]

Every crypto development team accept bitcoin needs to implement a form of interest free, zero reward staking to stabilize the liquidity of all coins accept bitcoin.  All wallets other than bitcoin need to have a function within the wallet to “freeze” an assigned amount of coins. The function is initiated by holder of the coin. The time period should be for either 30,60,90 days. Longer time periods could do very weird things to the market but 30-90 days will greatly reduce risk and provide great value to price of coins. the user just selects how long and amount of coins and the wallet simply releases the coins back after given time period. so each wallet would have liquid and frozen coins like take 90% of your coins and lock them up for 90 days to show the world your not selling them.

OP, how can you force every crypto development team to implement whatever you want? Crypto developers are not your slaves or servants.
What if the guy, who locks his BTC(or altcoins) for 90 days suddenly needs to sell his BTC(or altcoins) in order to cover necessary expenses?
If you think that your "revolutionary idea" is so good, just create your own altcoin with a "freeze coin" feature. I'm sure that such altcoin will dethrone Bitcoin in no time. "Showing the world" that you have frozen coins seems like a joke to me. Most crypto investors wouldn't want to "show the world" their crypto holdings.

[MusaMohamed]

In any case, your idea won't change anything for altcoins either. The problem with them is not only their massive supply. Their problem is lack of actual demand that is the result of their uselessness (no real demand). Freezing supply would just be an artificial way of hyping the market and creating the illusion of supply shortage to try and get the coin pumped. I'd categorize your idea as market manipulation because of it.

Besides, why create all that supply in first place if it is going to be frozen to fake-pump the shitcoin? It's like putting a Band-Aid on a broken leg!

Altcoins are funny that they are created easily with different total supply schemes. Massive abudant supplies, and very limited supplies but massive abundant or fake shortage supply, it does't contribute to altcoin value.

Value must come from its utility, use case, security of its blockchain, safety of user fund in transaction on altcoin blockchain. Altcoin blockchains fail to provide it to users and values are low consequently and unavoidably.

With altcoins that have abundant supplies, they try to cook their users by buy back and burn programs. Like your analyzed, why do they need to creeate too massive supplies and do buy back and burn later.

[FinneysTrueVision]

This is already sort of being done with pre-mined altcoins, where the developers will lock their funds in a smart contract so that they cannot dump their coins and crash the market. Regular users are also doing this, but they are incentivized with staking or governance rewards for doing it. I doubt many people are interested in locking their coins without receiving anything in return. Simply holding your coins and not trading them has the same effect of decreasing liquidity from exchanges. The price of a coin should only go up if there is genuine demand, not because of artificial supply limitations.