Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WV41h-0003MC-GG for bitcoin-development@lists.sourceforge.net; Tue, 01 Apr 2014 19:07:13 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.215.44 as permitted sender) client-ip=209.85.215.44; envelope-from=gmaxwell@gmail.com; helo=mail-la0-f44.google.com; Received: from mail-la0-f44.google.com ([209.85.215.44]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WV41g-0006Jf-5q for bitcoin-development@lists.sourceforge.net; Tue, 01 Apr 2014 19:07:13 +0000 Received: by mail-la0-f44.google.com with SMTP id c6so1116496lan.17 for ; Tue, 01 Apr 2014 12:07:05 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.152.37.99 with SMTP id x3mr23528348laj.7.1396379225442; Tue, 01 Apr 2014 12:07:05 -0700 (PDT) Received: by 10.112.89.68 with HTTP; Tue, 1 Apr 2014 12:07:05 -0700 (PDT) In-Reply-To: References: Date: Tue, 1 Apr 2014 12:07:05 -0700 Message-ID: From: Gregory Maxwell To: Pieter Wuille Content-Type: text/plain; charset=UTF-8 X-Spam-Score: -1.6 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (gmaxwell[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1WV41g-0006Jf-5q Cc: Bitcoin Dev Subject: Re: [Bitcoin-development] Finite monetary supply for Bitcoin X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Tue, 01 Apr 2014 19:07:13 -0000 On Tue, Apr 1, 2014 at 12:00 PM, Pieter Wuille wrote: > Hi all, > I understand this is a controversial proposal, but bear with me please. > I believe we cannot accept the current subsidy schedule anymore, so I > wrote a small draft BIP with a proposal to turn Bitcoin into a > limited-supply currency. Dogecoin has already shown how easy such > changes are, so I consider this a worthwhile idea to be explored. > > The text can be found here: https://gist.github.com/sipa/9920696 A minor nitpick: It is well known that the Bitcoin core developers are some of the most active TypeScript coders around, E.g. http://osrc.dfm.io/sipa and http://osrc.dfm.io/gavinandresen But I think this is an important step forward: Seminal alternative crypto-currencies such as SolidCoin showed us that economic parameters can be freely changed at any time, for any (or no) reason at all; and so we should take this opportunity to demonstrate our commitment to adopting innovative features like non-inflation regardless of their origins in other crypto-currencies.