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    Author Topic: Bitcoin Deflation  (Read 543 times)
    thecodebear
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    June 30, 2023, 05:14:54 PM
     #61

    OP, why are you fighting so hard for this idea that only has downsides? There is literally no upside to your idea. But there are plenty of downsides. You want a massive change in the protocol, a change that would in effect steal bitcoin from addresses after a set amount of time. There is no length of time at which this action would be considered okay to do in any monetary system. This is why nobody is agreeing with you. And your one defense of saying that people would just have to move their Bitcoin does not make this idea okay with zero upsides but plenty of downsides.

    It is honestly a preposterous idea. It is simply a bad money idea. Whether you propose it for Bitcoin or any monetary system. This would be considered a horrendous flaw in any monetary system. Yet you are proposing it as though it would be some sort of an improvement to Bitcoin which already works perfectly well and has no need to introduce bad ideas where money gets stolen by the protocol.

    When there is no reason to do something, and lots of reasons to not do something, it's a bad idea. That is what your idea is. Literally everyone in this thread is telling you this.
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