Hi Donald,<br /><br />Thanks for sharing your proposal!<br /><br />There are several additional objections worth considering:<br /><ol><li>It would require a hard fork. Older nodes would reject blocks with a higher-than-expected miner reward. By contrast, SegWit and Taproot were implemented as soft forks.</li><li>It breaks long-term inheritance schemes. Imagine a newborn inheriting 1000 BTC from a wealthy relative. The relative sets a 30-year timelock to ensure the funds are not misused during childhood. This proposal would interfere with that intention and potentially strip the heir of their rightful inheritance.</li><li>It penalizes long-term planning and low time preference. Users who intentionally lock up funds for decades (whether for inheritance, security, or economic reasons) would be disproportionately impacted.</li><li>It changes who pays for network security. Miners are expected to be compensated in the long term by transaction fees paid by active transaction senders. This proposal would instead take value from long-term holders who aren't participating in the transaction flow, effectively taxing them without consent.</li></ol><br />Best regards,<br /><div>Boris</div><div><br /></div><div><div dir="auto">On Tuesday, July 15, 2025 at 3:26:35 PM UTC-3 Donald Dienst wrote:<br /></div><blockquote style="margin: 0px 0px 0px 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">Dear Bitcoin developers,<br /><br />I would like to propose a new BIP titled "Proof-of-Activity Reclamation (PoAR)," which aims to address the long-term economic effects of lost and abandoned UTXOs.<br /><br />This proposal introduces a fully automated and rule-based mechanism to gradually recycle coins that have been provably inactive for over 20 years. These coins are returned to the undistributed pool and slowly reintroduced via future block rewards—extending miner incentives while respecting the 21 million BTC cap.<br /><br />You can view the full proposal here:<br /><a href="https://gist.github.com/Brandchatz/56c39d289db9e56190c13922850815b8" target="_blank" rel="nofollow">https://gist.github.com/Brandchatz/56c39d289db9e56190c13922850815b8</a><br /><br />I welcome your thoughts, suggestions, and critiques.<br /><br />Best regards,  <br />Donald Dienst  <br /><a href="" rel="nofollow">dddi...@protonmail.com</a></blockquote></div>

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