Do no come up so many idea. focus on develop
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He didn't come up with the idea, just presenting it on behalf of another so we could review it and bytemaster could avoid thinking about it after we dismantle it.
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My initial response was:
This is a gimmick and provides no value to stakeholders. It is a wealth transfer from short term holders to long term holders. It can only be done with stakeholder approval. Then I thought through it some more and came to some more conclusions:
1) The prospect of "earning" by holding is being used by Proof of Stake competitors and encourages people to hold irrationally because they feel like they are gaining something. This extra irrational holding represents a decrease in sell pressure. I say it is irrational because any rate of return that could be offered by such a system would be insignificant next to the daily volatility. If you were going to sell then no amount of interest should change your long-term prospects.
2) Some people *want to be buy and hold* and will sign up today, but then the going gets tough or something new comes out and they "change their mind". You cannot presume that everyone who thinks they will be "buy and hold" will actually follow through. End result is that this process will actually create more "buy and hold" demand than would actually exist without it.
3) Some people try to day trade and momentum trade but would become "buy and hold" if offered the incentive.
4) It could be implemented manually by any paid delegate without any trust.
Given that it is already possible I thought a discussion on its merits would be interesting and engaging.
This could also be viewed is financing development without short term dilution. In other words, rather than diluting today to pay developers, we opt to dilute years from now after the market is more secure and the amount of extra dilution this represents is meaningless.
The downsides are how it could be spun for negative effect.
Like I said before, I only want to give the community tools and options to use the resources at your disposal. The time to implement such a proposal is relatively small (days).