[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:

> Hash: SHA256
> 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
> AAoJEMCF8hzn9Lnc47AH/Rg+JEhId23fKmUUDvYo8FA4N03nPjbsYBNdAAXHufUQ
> 6KQz8h+yjYKMBTU0r4ONyssQtqtsJtWQpLjANZlYlTB82WuPKNPhrAD3Kqkj7x+t
> L6ROTktoBnGvhPLCkRdpIjnGwcBhVFFxePQCySJrRT+w+5WZtcyVtx0JDdttJREF
> 5Ctdf2K6IbVJ10joQHY46IlGpVNiOhx4mJ2SyCHy5Ug4lWToHto0KYJplK5GDXTi
> 8IfPNrnqTjm5ExeyE3/d86je9sbHJvSYIrMsUCk74e244+VTUK35ms8xoA0n2yyn
> M1g6HAmA6OR61WvnQHaCYLT6f7XrDh8s0+BmpHrrF6E=
> =p+Go
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