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From: Pieter Wuille <pieter.wuille@gmail.com>
Date: Mon, 11 Dec 2017 10:26:40 -0800
Message-ID: <CAPg+sBi9nYHCcN8ct=_iqWuxDFU1cPwBfbfF8WPX-w+kf6hzfQ@mail.gmail.com>
To: Nick Pudar <nick@pudar.com>,
Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] BIP - Dead Man's Switch
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--001a114e462aff168b056014ac28
Content-Type: text/plain; charset="UTF-8"
On Dec 11, 2017 10:23, "Nick Pudar via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:
This topic has come up several times in recent years. While it is well
intentioned, it can have devastating outcomes for people that want to save
long term. If such a system were implemented, it would force people to move
funds around in order to not get nullified. In that process, it introduces
multiple opportunities for errors. Cold storage should be able to stay
cold. I personally would be apprehensive about implementing this kind of a
system.
Furthermore, if it rewards miners with funds that are expired, it creates
terrible incentives. Miners in their best interest could choose to censor
transactions that move funds close to their expiration time, to increase
their own future rewards.
Cheers,
--
Pieter
--001a114e462aff168b056014ac28
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto"><br><div class=3D"gmail_extra" dir=3D"auto"><br><div clas=
s=3D"gmail_quote">On Dec 11, 2017 10:23, "Nick Pudar via bitcoin-dev&q=
uot; <<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-d=
ev@lists.linuxfoundation.org</a>> wrote:<br type=3D"attribution"><blockq=
uote class=3D"quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;=
padding-left:1ex">
<div>
<div dir=3D"auto" style=3D"direction:ltr;margin:0;padding:0;font-family:san=
s-serif;font-size:11pt;color:black">
This topic has come up several times in recent years. While it is well inte=
ntioned, it can have devastating outcomes for people that want to save long=
term. If such a system were implemented, it would force people to move fun=
ds around in order to not get nullified.
In that process, it introduces multiple opportunities for errors. Cold sto=
rage should be able to stay cold. I personally would be apprehensive about =
implementing this kind of a system.<br></div></div></blockquote></div></div=
><div dir=3D"auto"><br></div><div dir=3D"auto">Furthermore, if it rewards m=
iners with funds that are expired, it creates terrible incentives. Miners i=
n their best interest could choose to censor transactions that move funds c=
lose to their expiration time, to increase their own future rewards.</div><=
div dir=3D"auto"><br></div><div dir=3D"auto">Cheers,</div><div dir=3D"auto"=
><br></div><div dir=3D"auto">--=C2=A0</div><div dir=3D"auto">Pieter</div><d=
iv dir=3D"auto"><br></div><div class=3D"gmail_extra" dir=3D"auto"><div clas=
s=3D"gmail_quote"><blockquote class=3D"quote" style=3D"margin:0 0 0 .8ex;bo=
rder-left:1px #ccc solid;padding-left:1ex"><div><div dir=3D"auto" style=3D"=
direction:ltr;margin:0;padding:0;font-family:sans-serif;font-size:11pt;colo=
r:black"></div></div></blockquote></div></div></div>
--001a114e462aff168b056014ac28--
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