Any of this we can add to Feathercoin?
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Saw this on the bitcointalk forum just now
https://bitcointalk.org/index.php?topic=195275.0
I’m currently still reading it, but I know bushstar is looking for features to implement into Feathercoin and from what I’ve read and from what people have commented, it seems to be a good idea. On top of that, the ideas in it fit in really well with Feathercoin’s name. Take a look at it if you have the chance bushstar!
Also, while we’re talking about adding features, I suggested a while ago some possible features of a new coin on bitcointalk but never got any replies to it. However, here’s an idea I had in regards to lost coins/caps should it be interesting.
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As for caps and lost coins, I think this might be an interesting solution should it be possible to implement. There should be some sort of verification or checking of client activity to see if the wallet has been accessed in a certain period of time, say a year or two. If not, a “virtual count” of the existing coins would subtract that amount from the count, which then affects the difficulty allowing more coins to be mined faster depending on how many “lost coins” there were. If for some reason, those lost coins were to come back into “existence” then it would take that into account and likewise increase the difficulty appropriately. The ideal “count” to work up to would be 160 million. I like the idea of the transaction fees getting destroyed, allow endless coins to be mined. If for some reason, a pile of lost coins were to come back and push the count over 160 million, 75% of the transaction fees would go to miners, and 25% would continue to be destroyed until the count was back to 160 million and then it would go back to destroying the entire transaction fee.
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This is something I had been thinking about. I’m not sure what the solution is but there is a problem here. There may eventually be 21 million Bitcoins but that many will never be accessible.
When banks start on these coins they’ll be centralised and issues like this will be resolvable. It would be ideal if the community could solve problems like this before big money gets involved.
