On Monday 03 December 2012 11:19:37 Michael Gronager wrote: > The aged coins are simply included in the block mining reward, creating > another incentive for miners. Further, if we include all coins in this > recycle scheme coins will never be lost forever.
Ignoring the cost of storing these never-spent outputs; there is absolutely no reason we need to ensure that coins aren't lost. Nor worry about those that are. The total bitcoins produced is an entirely arbitrary number -- a function of the 210,000 halving rate and the initial block reward. Satoshi could have picked anything for them and bitcoin would work exactly the same. Lost coins never enter the economy ever again, and so supply is slightly lower than it would have been, making all the non-lost coins worth ever so slightly more. Effectively: price adjustments will take care of lost coins. Andy -- Dr Andy Parkins andypark...@gmail.com ------------------------------------------------------------------------------ LogMeIn Rescue: Anywhere, Anytime Remote support for IT. Free Trial Remotely access PCs and mobile devices and provide instant support Improve your efficiency, and focus on delivering more value-add services Discover what IT Professionals Know. Rescue delivers http://p.sf.net/sfu/logmein_12329d2d _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
