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[2a00:1450:4864:20::62d]) by gmr-mx.google.com with ESMTPS id 2adb3069b0e04-530bba05ed5si13800e87.3.2024.08.01.16.38.48 for (version=TLS1_3 cipher=TLS_AES_128_GCM_SHA256 bits=128/128); Thu, 01 Aug 2024 16:38:48 -0700 (PDT) Received-SPF: pass (google.com: domain of gb@geoburke.com designates 2a00:1450:4864:20::62d as permitted sender) client-ip=2a00:1450:4864:20::62d; Received: by mail-ej1-x62d.google.com with SMTP id a640c23a62f3a-a7aa4bf4d1eso86265866b.0 for ; Thu, 01 Aug 2024 16:38:48 -0700 (PDT) X-Received: by 2002:a17:907:6d17:b0:a77:de2a:af00 with SMTP id a640c23a62f3a-a7dc5179808mr143718266b.44.1722555527498; Thu, 01 Aug 2024 16:38:47 -0700 (PDT) MIME-Version: 1.0 References: <6512db18-bd15-462e-92fd-7549b5e885e7n@googlegroups.com> In-Reply-To: <6512db18-bd15-462e-92fd-7549b5e885e7n@googlegroups.com> From: George Burke Date: Thu, 1 Aug 2024 16:38:11 -0700 Message-ID: Subject: Re: [bitcoindev] HODL Tax Proposal To: Richard Greaser Cc: Bitcoin Development Mailing List Content-Type: multipart/alternative; boundary="00000000000052a883061ea7b67e" X-Original-Sender: gb@geoburke.com X-Original-Authentication-Results: gmr-mx.google.com; dkim=pass header.i=@geoburke.com header.s=google header.b=EC655nIx; spf=pass (google.com: domain of gb@geoburke.com designates 2a00:1450:4864:20::62d as permitted sender) smtp.mailfrom=gb@geoburke.com; dara=pass header.i=@googlegroups.com Precedence: list Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com List-ID: X-Google-Group-Id: 786775582512 List-Post: , List-Help: , List-Archive: , List-Unsubscribe: , X-Spam-Score: -0.7 (/) --00000000000052a883061ea7b67e Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable A tax on property already owned is something I'm fundamentally against. Being charged for lack of usage erodes our concept of property ownership, especially when usage itself sufficiently subsidizes the network. The "network tax" was already paid on the acquisition of the asset by the sender, and another network tax will be paid by the current owner upon every subsequent sale or self-transfer. My perspective: HODLers are indeed providing a valuable service to the longevity and growth of network value. They're providing scarcity. -- *George Burke * *Co-founder, Portal * Silicon Valley Bitcoin , Organizer Co-founder, FounderPool San Juan, PR / San Francisco, CA Keybase || OneName *For security, encrypt with my PGP key * On Thu, Aug 1, 2024 at 2:13=E2=80=AFPM Richard Greaser wrote: > Hi everyone, > > It has become apparent to me that there is an issue where users of the > network holding their coins, are not adding value to the network. > > As miners continue to get squeezed post halving, they would benefit > tremendously from fees being taken from individuals refusing to move thei= r > coins, providing increased security to the network. > > I have written out a proposal more in depth and is attached below. > > -- > You received this message because you are subscribed to the Google Groups > "Bitcoin Development Mailing List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to bitcoindev+unsubscribe@googlegroups.com. > To view this discussion on the web visit > https://groups.google.com/d/msgid/bitcoindev/6512db18-bd15-462e-92fd-7549= b5e885e7n%40googlegroups.com > > . > --=20 You received this message because you are subscribed to the Google Groups "= Bitcoin Development Mailing List" group. To unsubscribe from this group and stop receiving emails from it, send an e= mail to bitcoindev+unsubscribe@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/= bitcoindev/CAHYx7Bu9SfTgmLoPJ-7v%3DrY%2BC9pS4p4gO3e7gqKurwRuij8ouA%40mail.g= mail.com. --00000000000052a883061ea7b67e Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
A tax on property already owned is something I'm funda= mentally against. Being charged for lack of usage erodes our concept of pro= perty ownership, especially when usage itself sufficiently subsidizes the n= etwork. The "network tax" was already paid on the acquisition of = the asset by the sender, and another network tax will be paid by the curren= t owner upon every subsequent sale or self-transfer.=C2=A0

My perspective: HODLers are indeed providing a valuable service to the l= ongevity and growth of network value. They're providing scarcity.

--

Geor= ge Burke=C2=A0
Co-founder,=C2=A0Portal=C2=A0
= Silicon Valley Bitcoin, Organizer=C2=A0
Co-founder,= =C2=A0FounderPool=C2=A0

<= div dir=3D"ltr">

San J= uan, PR / San Francisco, CA=C2=A0
Keybase=C2= =A0||=C2=A0OneName=C2=A0

For security,= encrypt with my=C2=A0PGP key

=C2=A0


On Thu, Aug 1, 2024 at 2:13= =E2=80=AFPM Richard Greaser <thebitcoinbugle@gmail.com> wrote:
Hi everyone,=C2=A0

It has bec= ome apparent to me that there is an issue where users of the network holdin= g their coins, are not adding value to the network.

As m= iners continue to get squeezed post halving, they would benefit tremendousl= y from fees being taken from individuals refusing to move their coins, prov= iding increased security to the network.=C2=A0

I have written out a = proposal more in depth and is attached below.=C2=A0

--
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