Is it possible to use "Bitcoin days destroyed" as unit of currency? If yes, how to price anything using this? If no, why not?
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2 Answers
In other words, a system where coins that have not been spent recently are worth more? I suppose you could do such a thing, but it doesn't seem useful; typically friction in economies is a bad thing.
But I imagine you'd price things just like in any other market: supply and demand.
answered Oct 18, 2014 at 23:24
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On the other hand, "old money" would mean something entirely different. /s Nov 18, 2014 at 2:28
Isn't it just how Proof-of-stake altcoins works? In those systems, your wallet amount grows as the time passes. Ie: 10% over a year. I think this is very similar to bitcoindaysdestroyed-coin.
