Oh, this possibility does not come to mind because that means the network must look through the whole blockchain to count lost coins due to registered names and then inject them back. But, number of coins generated per block is a simple algo :Anth0n wrote:I think you misunderstood. The coins for the expired domains would not go back to the domain's owner. They would go back to the "earth" to be found by miners once again. Of course, I'm using the term "earth" as a mining metaphor.
50 coins per block during 4 years, then divide by two and use during 4 years, etc. When to insert lost coins in this scenario ?
This has been discussed a lot in bitcoin too. Forcing users to "update" their coins makes no sense. And same problem appears with the current algo.Chucksta wrote:Anth0n wrote: A similar thing could be done to guard against lost coins due to lost wallets.
Coins are associated with addresses
Have some means of pinging addresses to check that they are still in use (transactions being made regularly)
If an address has not been used in a certain amount of time, then kill that address and release all coins back into the NMC earth, ready to be mined again.