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Cryptocurrency: Rise of Bitcoin Cash BCH
On Mon, 2 Jul 2018 17:50:02 -0700
Steven Schear <schear.steve at gmail.com> wrote:
> I guess for you the article is a TL;DR. There was NOT a suggestion of
> simple confiscation. All one had to do, to prevent "reclamation", is to
> periodically move assets on the blockchain.
I know. So if you for whatever reason fail to move your funds they are stolen. Doesn't seem like a sensible protocol. Also, moving funds every a fixed period seems like a good way to make tracking easier?
Last but not least what do you gain by forcing people to create new UTXOs from existing UTXOs?? Most of the data in the ledger is old spent transactions which are mostly useless*, except they are needed to make sure the supply hasn't been tampered with.
*except for spying that is.