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From: Hector Chu <hectorchu@gmail.com>
Date: Sat, 8 Aug 2015 16:03:04 +0100
Message-ID: <CAAO2FKHAimcD7r1etc-Wy__1KWppYp7_pLdowO77ACDPWnF2ZQ@mail.gmail.com>
To: Peter Todd <pete@petertodd.org>
Content-Type: multipart/alternative; boundary=001a11c25f52d1fc34051cce0deb
Cc: Hector Chu via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Voting by locking coins
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Thanks for this Peter. It is quite long winded and complicated so I just
wanted to clarify one particular point. In John's proposal, are the coins
actually locked up, or are they still freely spendable post-vote? Otherwise
there is no real cost to casting votes. Locking coins up is related to the
time-value of money and has a cost the longer they are locked up for.

On 8 August 2015 at 15:23, Peter Todd <pete@petertodd.org> wrote:

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> On 8 August 2015 02:27:35 GMT-04:00, Hector Chu via bitcoin-dev <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
> >Has there ever been any discussion of locking coins till a certain date
> >for
> >casting votes on an issue?
>
> Yes, John Dillon proposed a very clever and viable blocksize vote scheme
> on this list awhile back:
> https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02323.html
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<div dir=3D"ltr">Thanks for this Peter. It is quite long winded and complic=
ated so I just wanted to clarify one particular point. In John&#39;s propos=
al, are the coins actually locked up, or are they still freely spendable po=
st-vote? Otherwise there is no real cost to casting votes. Locking coins up=
 is related to the time-value of money and has a cost the longer they are l=
ocked up for.</div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote=
">On 8 August 2015 at 15:23, Peter Todd <span dir=3D"ltr">&lt;<a href=3D"ma=
ilto:pete@petertodd.org" target=3D"_blank">pete@petertodd.org</a>&gt;</span=
> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;bo=
rder-left:1px #ccc solid;padding-left:1ex">-----BEGIN PGP SIGNED MESSAGE---=
--<br>
Hash: SHA256<br>
<span class=3D""><br>
<br>
<br>
On 8 August 2015 02:27:35 GMT-04:00, Hector Chu via bitcoin-dev &lt;<a href=
=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfo=
undation.org</a>&gt; wrote:<br>
&gt;Has there ever been any discussion of locking coins till a certain date=
<br>
&gt;for<br>
&gt;casting votes on an issue?<br>
<br>
</span>Yes, John Dillon proposed a very clever and viable blocksize vote sc=
heme on this list awhile back: <a href=3D"https://www.mail-archive.com/bitc=
oin-development@lists.sourceforge.net/msg02323.html" rel=3D"noreferrer" tar=
get=3D"_blank">https://www.mail-archive.com/bitcoin-development@lists.sourc=
eforge.net/msg02323.html</a><br>
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</blockquote></div><br></div>

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