[bitcoin-dev] Voting by locking coins

Hector Chu hectorchu at gmail.com
Sat Aug 8 15:03:04 UTC 2015


Thanks for this Peter. It is quite long winded and complicated so I just
wanted to clarify one particular point. In John's proposal, are the coins
actually locked up, or are they still freely spendable post-vote? Otherwise
there is no real cost to casting votes. Locking coins up is related to the
time-value of money and has a cost the longer they are locked up for.

On 8 August 2015 at 15:23, Peter Todd <pete at petertodd.org> wrote:

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> On 8 August 2015 02:27:35 GMT-04:00, Hector Chu via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
> >Has there ever been any discussion of locking coins till a certain date
> >for
> >casting votes on an issue?
>
> Yes, John Dillon proposed a very clever and viable blocksize vote scheme
> on this list awhile back:
> https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02323.html
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