Burned
Destroyed for good. No buyback needed. Supply only goes down.
The Bitcoin whitepaper turns 18
$BTC18
Burns supply. Pays holders in WBTC.
until Oct 31, 2026 · 00:00 UTC
Happy 18th, whitepaper.Oct 31, 2008 → Oct 31, 2026. Still running.
Burns supply. Pays holders in WBTC.
until Oct 31, 2026 · 00:00 UTC
Every transfer pays a tax in $BTC18. Every epoch, half is burned and half is paid to holders in WBTC.
Destroyed for good. No buyback needed. Supply only goes down.
Swapped to WBTC and paid to holders, weighted by how long they've held.
+0.03× for every day held. Full weight at day 300.
The Bitcoin whitepaper turns 18 on Oct 31. Old enough to vote. Still can't legally drink in the US.
Bitcoin rewards work. $BTC18 rewards time.
Abstract. A purely peer-to-peer version of patience would allow holders to be rewarded for time without going through a buyback. Every transfer pays a tax in the token itself. Each epoch, half of that tax is destroyed and half is converted to WBTC and paid to holders, weighted by how long they have held. Selling anything resets the clock and tokens bought later start at 1×, so the network rewards the one thing that can’t be bought: time.
Meme coins have come to rely almost exclusively on attention serving as the trusted third party. What is needed is a system where holding is itself the proof, so that patient holders are paid by everyone who trades.
A wallet’s weight grows by 0.03× for every 24 hours held, reaching full weight after 300 days:
w = min(1 + 0.03d, 10)
where d is full days held. Selling any amount returns the wallet to 1×. Wallets holding under $10 at snapshot time receive nothing.
Half of every epoch’s tax is burned outright. The tax is already collected in $BTC18, so no buyback is needed: the tokens are destroyed and supply shrinks by that amount.