From mboxrd@z Thu Jan 1 00:00:00 1970 Delivery-date: Sat, 03 May 2025 04:55:35 -0700 Received: from mail-yw1-f187.google.com ([209.85.128.187]) by mail.fairlystable.org with esmtps (TLS1.3) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256 (Exim 4.94.2) (envelope-from ) id 1uBBSw-0007Yb-Qf for bitcoindev@gnusha.org; Sat, 03 May 2025 04:55:35 -0700 Received: by mail-yw1-f187.google.com with SMTP id 00721157ae682-708b88ee61dsf42443447b3.0 for ; Sat, 03 May 2025 04:55:34 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=googlegroups.com; s=20230601; t=1746273328; x=1746878128; darn=gnusha.org; h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post :list-id:mailing-list:precedence:x-original-sender:mime-version :subject:references:in-reply-to:message-id:to:from:date:sender:from :to:cc:subject:date:message-id:reply-to; bh=yhqmFfUif98zeNtD1XT2e+EFb+3ZsGJfB54KIganyFo=; b=D6rYP89cIyTDm/Y6kJG216PcDZrp/p3TRoTD5G44Rmj5zcPkBm6a+mywXyZmQQr6BS U5ZknE4iNpOuiKIHpwRm4im12sEWseoNbIa6WMZbDKXOEj7/77SPDkjFFIMgFS+G6h8E WG4c/uYcTnH6zXxRu6Bh3PLL6z2/b/YixlAhzXAXE9NtCjWnKFvLN2XNETdy2k7J4gdI pQjzn47soznszM7izfllzX/TaSO/5f4mmHiWQR98Y5fEIT4NQU1W8j7plKKbw638lmx2 fu+unVMJfMPnMWsUPCO/etf//OJJzj+Kn3gQvO8LPrs5egOVWGoFQrAMzoQVZW6SEn6i LD3Q== DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=satoshiportal.com; s=google; t=1746273329; x=1746878129; darn=gnusha.org; h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post :list-id:mailing-list:precedence:x-original-sender:mime-version :subject:references:in-reply-to:message-id:to:from:date:from:to:cc :subject:date:message-id:reply-to; bh=yhqmFfUif98zeNtD1XT2e+EFb+3ZsGJfB54KIganyFo=; b=amV6SEBMyrq1wmmEgKkK+coTrFIJIzIYVVgRrhQWPobOxDA8aFMf+UOR1AxcE4xSgJ 85ODjA4FyXghAiDhKSd4YLIGvhRVHM9UXorPplmcE3iR9JLYe+QGSFbLjhVVGsMlM6tM Z1Cl8jY8Ied4mbNHV6FAGA/KjtR0RB5wrTtHskaaeWIOSCE+escZB9KdtSli576Zc2Pp kEkZGAxFS3O8tuCcydJiVcN7c+EDXJ7hlAZaM4h7Wag6Ccjro5pj2SXN+lTq+hMf+4lY Hr3bGk9l2heILqX+Sh2a+aiBTQVXDEccbnEk80bWgiF5cHlAF9aRhJNjLU/2W6YovLnC 9gYA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20230601; t=1746273329; x=1746878129; h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post :list-id:mailing-list:precedence:x-original-sender:mime-version :subject:references:in-reply-to:message-id:to:from:date:x-beenthere :x-gm-message-state:sender:from:to:cc:subject:date:message-id :reply-to; bh=yhqmFfUif98zeNtD1XT2e+EFb+3ZsGJfB54KIganyFo=; b=tRqzLxrTGwa8v8yVwjP4+U2y2OZRnRtGXjOBaSy0t3bdYhSh3Y7vio64WBX9mJyLT3 p5cfD98D433fCB1w3A+UTFMP+E2YE/wWE+XzKoYo4oyxhYJAk+tlQcQ4wxLnsMP3LUWj Fi+jff/ixBJTT4C4FnmjiUIdhYsNCwEXFPsweGtodMixCBNVOR0FxDlOyQC5/Adlzjxq HIU9qJIJC1/hPKRyjHmMFBjNlbeU2RuJ8n6hrOKoWqY0UEDnx11uhfsNZm8fsY+LxsXh rX3Hcsb8mTwuLMj4aVNrKQbHQx10Rr+EFDAeHwiA/DLLcr1Cd0oUtEq4a4UVpYb9Jt2J ne5w== Sender: bitcoindev@googlegroups.com X-Forwarded-Encrypted: i=1; AJvYcCXX6kF9sox1qIXCQibznN+0fvTkhAtRDjhdgtKx+HXFTtyvNz6XhO1XR9NwVTPSVrecyQDEOvJ/sqis@gnusha.org X-Gm-Message-State: AOJu0Yx75YfZLVS7XJ4wIWXhEiKWIrDpXt7yVuV120ThMnKJGgUuW+he YKxpZIyCh5XPdkcXtl6WYQcKsYAypIrel87vID/p1VNLRwe8Na+d X-Google-Smtp-Source: AGHT+IEwUNs2cS5VWTRrgOHLqEFWy+Cp5Ucus/wt1bqbTbpjpYVlxmBLaVutqsKB7tjoKMIDSdoxPQ== X-Received: by 2002:a05:6902:1585:b0:e72:d8ef:af97 with SMTP id 3f1490d57ef6-e757d0b8859mr815092276.5.1746273328537; Sat, 03 May 2025 04:55:28 -0700 (PDT) X-BeenThere: bitcoindev@googlegroups.com; h=AVT/gBHv/nPEUlDkZRHozadhTfNaJcW/XQDKdblQBfGehbq0xw== Received: by 2002:a25:e0c3:0:b0:e74:6669:e88f with SMTP id 3f1490d57ef6-e74dc5d0ac7ls2901345276.1.-pod-prod-02-us; Sat, 03 May 2025 04:55:24 -0700 (PDT) X-Received: by 2002:a05:690c:b15:b0:703:d7a6:6266 with SMTP id 00721157ae682-708e11b531amr32017737b3.10.1746273324134; Sat, 03 May 2025 04:55:24 -0700 (PDT) Received: by 2002:a81:f801:0:b0:6ef:590d:3213 with SMTP id 00721157ae682-708cfb0b4cems7b3; Fri, 2 May 2025 08:45:30 -0700 (PDT) X-Received: by 2002:a05:690c:6f10:b0:708:139e:4e03 with SMTP id 00721157ae682-708ced55f57mr58464627b3.16.1746200728855; Fri, 02 May 2025 08:45:28 -0700 (PDT) Date: Fri, 2 May 2025 08:45:28 -0700 (PDT) From: Francis Pouliot To: Bitcoin Development Mailing List Message-Id: In-Reply-To: References: Subject: [bitcoindev] Re: Introducing Hourglass MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_Part_35840_965367135.1746200728517" X-Original-Sender: francis@satoshiportal.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 (/) ------=_Part_35840_965367135.1746200728517 Content-Type: multipart/alternative; boundary="----=_Part_35841_1369509132.1746200728517" ------=_Part_35841_1369509132.1746200728517 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Concept NACK. 1.7 million Bitcoin represents possibly about 1 week of global trading=20 volumes. Even assuming it is 1-2 months of trading volumes, the market can= =20 absorb. Trying to manage the Bitcoin price via spending restrictions is a terrible= =20 idea. In any case, the Bitcoin price routinely drops by upwards of 85%. It is not= =20 a security concern. Price volatility is not a security.=20 On Tuesday, April 29, 2025 at 5:08:16=E2=80=AFPM UTC-6 Hunter Beast wrote: > This is a proposal to mitigate against potential mass liquidation of P2PK= =20 > funds. The specification is pretty simple, but the motivation and=20 > justification for it is a bit longer. > > https://github.com/cryptoquick/bips/blob/hourglass/bip-hourglass.mediawik= i > > Feedback welcome! > --=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 visit https://groups.google.com/d/msgid/bitcoindev/= c4094fa8-8ec0-411c-8a67-80b8fc6282fdn%40googlegroups.com. ------=_Part_35841_1369509132.1746200728517 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
Concept NACK.

1.7 million Bitcoin represents possibly abou= t 1 week of global trading volumes. Even assuming it is 1-2 months of tradi= ng volumes, the market can absorb.

Trying to manage the Bitcoin = price via spending restrictions is a terrible idea.

In any case,= the Bitcoin price routinely drops by upwards of 85%. It is not a security = concern. Price volatility is not a security.
On Tuesday, April 29, 2025 at 5:0= 8:16=E2=80=AFPM UTC-6 Hunter Beast wrote:
This is a proposal to mitigate against potenti= al mass liquidation of P2PK funds. The specification is pretty simple, but = the motivation and justification for it is a bit longer.

https://github.com/cryptoquick/bips/blob/hourglas= s/bip-hourglass.mediawiki

Feedback welcome!

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