Hi Donald and all,
The idea of recycling dormant coins is one that has made the rounds
several times before, including in the form of the "Bitcoin Dormant
Recovery Proposal" just a couple months ago:
https://github.com/bitcoin/bips/pull/1852
I don’t have the impression that the idea has been particularly popular,
and as BIPs go, this one is missing crucial parts, e.g.:
• A more comprehensive motivation based on thorough analysis how
redistributing dormant coins improves the system as this constitutes a
departure of the status quo for the supply schedule
• Specification of the redistribution rate and mechanism
• Specification of the out-of-band activity proof mechanism and how this
out-of-band information would be introduced into the Bitcoin system as
consensus critical information, and discussion of alternative approaches
and why this is the correct approach
• Rationale for reclaiming dormant coins at halvings rather than UTXOs
expiring after a fixed number of blocks
• An analysis of the backward compatibility, including especially the
discussion of how to conduct this hard fork
In its current state, I would consider this document premature for a
pull request and would encourage further development. Generally, the
arguments and reasoning used in the motivation and rationale will need a
lot more work to make a hard fork and a change in the economic paradigm
palatable.
Cheers,
Murch
On 2025-07-10 15:55, 'Donald Dienst' via Bitcoin Development Mailing
List wrote:
Dear Bitcoin developers,
I would like to propose a new BIP titled "Proof-of-Activity
Reclamation (PoAR)," which aims to address the long-term economic
effects of lost and abandoned UTXOs.
This proposal introduces a fully automated and rule-based mechanism to
gradually recycle coins that have been provably inactive for over 20
years. These coins are returned to the undistributed pool and slowly
reintroduced via future block rewards—extending miner incentives while
respecting the 21 million BTC cap.
You can view the full proposal here:
https://gist.github.com/Brandchatz/56c39d289db9e56190c13922850815b8
I welcome your thoughts, suggestions, and critiques.
Best regards,
Donald Dienst
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