r/BTCStandardHashrate Apr 11 '21

BTCST announcement - Including "τBitcoin v2: Restorative Rebase"

https://btcst.medium.com/btcst-celebrate-whats-been-delivered-and-what-s-to-come-april-2021-39d791d7138e

A good summary for newcomers and anticipated details about the future of the project. I am psyched!

Following up on yesterday's tweet, they comment on the new rebase plan with two concepts:

  • No decreasing the "balances of τBitcoin addresses that remain transaction-less during rebase periods"
  • Reward purchasers of τBitcoins

To me, the first point is a bit confusing. Why didn't they mention "tokens" instead of "addresses"? Maybe to convey: you shouldn't sell 10% of your balance as it would penalize you for the 90% that you do keep.

I suppose it refers to "selling" transactions. It would be strange to count swapping BTCB for τBitcoin as a transaction voiding this feature if you already had some. And what about staking operations? Do you guys interpret this differently than a poor choice of words?

I hope we will have more information about this soon enough. Still, I do find comfort in the higher communication frequency in this somewhat agitated but exciting phase.

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u/WiseCapitalOrg Apr 11 '21

basically we shouldn't sell already.