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Dimly Lit Corners
@DimlyLitCorners@c.im  ·  activity timestamp 4 days ago

I think Satoshi made a mistake?

#Bitcoin should've be ephemeral to encourage use as currency, discourage hoarding, and discourage middlemen like exchanges.

Something like for every block added to the chain since your wallet's last transaction you owe 100 satoshi/bitcoin in your wallet. Wallets + nodes will track & enforce this tax and will refuse transactions which try to spend taxed satoshi.

Every 210000 blocks the system scans the blockchain to calculate the tax "collected". The new reward for mining a block will be the usual halving reward + (tax/210000), thereby returning these taxed bitcoin back into circulation.

There is no need to record this tax as an actual transaction bc it's a function of the way the nodes operate and keep the ledger.

You could even make the taxed amount variable eg: recalculated every 210000 blocks (~14 days) and raised the tax if there were fewer transaction than the previous 210000 blocks and lowered if there were at least 10% more this time.

This tax will also slowly eat away at any lost or forgotten bitcoin, until the wallet they were in are empty.

—
1 BTC = 100 million satoshi

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