Eg. if 10% claim early and 10% don't perform a 'proof of life' action during the claim month, that will generate 15% Per Annum.
Murder is motivated..
1. In a large pool of funds, the impact any one individual has is likely to be small.
2. If one person was known to hold a large amount of crypto, they're more susceptible to blackmail/kidnapping.
3. BTS will have STEALTH
Imagine a $10 million fund and you knew someone had $250 000 in it.
If you murdered him that would only generate $250 for every $10 000 you personally held in the fund.
Great idea, I'm in! Not exactly gambling but enough gambling-like so that people seeking risk and profits might really use this.
This could be done so that every month starts a new "batch" where people can put their money. This should be done also with BitCNY and BitEUR.
, I would also consider BitGold too.
So where is the interest for this coming from?
1. Traditional fixed term deposits usually have high penalty fees for early withdrawals.
A percentage of savers will due to unforeseen reasons or better investment opportunities need to remove their funds early, the penalty fees they incur for this are given to the savers who keep their funds in till maturity. So this will generate some interest/rewards.
2. There is also as mentioned the suggesting of doing some 'proof of life' at maturity. People who fail to do this will either forfeit/pay a penalty and these will be distributed to everyone else. Again generating interest/rewards.
3. If the bond market is in place. The fund could perhaps also be put on the market and generate some interest/rewards there.
It seems harsh to pay a penalty if you forget/lose your private key/are detained/die but people would be entering into this voluntarily.
In the case of death or losing your private keys, your funds would most likely be lost anyway.
(Ideally this would all be coded, so no-one has access to the funds, it would all be handled by blockchain code.)