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author | Venzen Khaosan <venzen@mail.bihthai.net> | 2015-06-27 17:19:55 +0700 |
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committer | bitcoindev <bitcoindev@gnusha.org> | 2015-06-27 10:20:04 +0000 |
commit | f3043e065472b10f78565b6e11d17d7be2ca5b03 (patch) | |
tree | cf2610cbfd96050c752b446d270218d0b3382a88 /3e | |
parent | 158f465f580e503d64a149bdf265b3ce2512fb9f (diff) | |
download | pi-bitcoindev-f3043e065472b10f78565b6e11d17d7be2ca5b03.tar.gz pi-bitcoindev-f3043e065472b10f78565b6e11d17d7be2ca5b03.zip |
Re: [bitcoin-dev] The need for larger blocks
Diffstat (limited to '3e')
-rw-r--r-- | 3e/17305f22140b716b5c59b7344a8c05d3b5380a | 142 |
1 files changed, 142 insertions, 0 deletions
diff --git a/3e/17305f22140b716b5c59b7344a8c05d3b5380a b/3e/17305f22140b716b5c59b7344a8c05d3b5380a new file mode 100644 index 000000000..887ef9467 --- /dev/null +++ b/3e/17305f22140b716b5c59b7344a8c05d3b5380a @@ -0,0 +1,142 @@ +Return-Path: <venzen@mail.bihthai.net> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 16331BB3 + for <bitcoin-dev@lists.linuxfoundation.org>; + Sat, 27 Jun 2015 10:20:04 +0000 (UTC) +X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 +Received: from mail.bihthai.net (unknown [5.255.87.165]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 640EA121 + for <bitcoin-dev@lists.linuxfoundation.org>; + Sat, 27 Jun 2015 10:20:03 +0000 (UTC) +Received: from [10.8.0.6] (unknown [10.8.0.6]) + (using TLSv1.2 with cipher ECDHE-RSA-AES128-GCM-SHA256 (128/128 bits)) + (No client certificate requested) (Authenticated sender: venzen) + by mail.bihthai.net (Postfix) with ESMTPSA id 6D6B92038C; + Sat, 27 Jun 2015 12:20:38 +0200 (CEST) +Message-ID: <558E78CB.7070207@mail.bihthai.net> +Date: Sat, 27 Jun 2015 17:19:55 +0700 +From: Venzen Khaosan <venzen@mail.bihthai.net> +Organization: Bihthai Bai Mai +User-Agent: Mozilla/5.0 (X11; Linux x86_64; + rv:31.0) Gecko/20100101 Thunderbird/31.6.0 +MIME-Version: 1.0 +To: NxtChg <nxtchg@hush.com>, bitcoin-dev@lists.linuxfoundation.org +References: <CAPg+sBjOj9eXiDG0F6G54SVKkStF_1HRu2wzGqtFF5X_NAWy4w@mail.gmail.com> <20150627074259.GA25420@amethyst.visucore.com> + <20150627095501.C59B541A40@smtp.hushmail.com> +In-Reply-To: <20150627095501.C59B541A40@smtp.hushmail.com> +OpenPGP: id=1CF07D66; + url=pool.sks-keyservers.net +Content-Type: text/plain; charset=windows-1252 +Content-Transfer-Encoding: 7bit +X-Spam-Status: No, score=-1.1 required=5.0 tests=BAYES_00,RDNS_NONE + autolearn=no version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +Subject: Re: [bitcoin-dev] The need for larger blocks +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +Reply-To: venzen@mail.bihthai.net +List-Id: Bitcoin Development Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Sat, 27 Jun 2015 10:20:04 -0000 + +-----BEGIN PGP SIGNED MESSAGE----- +Hash: SHA1 + + +Advocations of "formalizing the process" may have a good outcome, but +that is not the issue in the current dilemma. The present process is +good enough. And that's as much as we can hope for. + +The issue is: does Bitcoin need to scale to business or does business +need to scale to Bitcoin. + +Business is not the Holy Spirit that fills Bitcoin with utility. +Bitcoin already has utility and finance capital would like to ride +that utility for its own profit motive. Some posters, here in this +list, would like to accelerate that process and they justify their +argument with the assumption that greater adoption equals greater +utility and value (and price). + +That is a false assumption. Given the increased adoption of Bitcoin by +users and businesses during the past year, does the price chart +reflect greater value or price? Of course not, the price chart is at +terminal lows. Fact not fiction. + +It is a fiction of common "market wisdom" that greater adoption +increases a commodity's value. Speculation plays with commodity value +even when underlying fundamental value remains unchanged. China has +verifiably been purchasing record amounts of Gold, but there is no +effect in the price chart (or on Gold's objective value). + +Bitcoin's price chart will go up and down many times in the coming +years as speculators play their game. It's independent of the +underlying censorship resistance, mathematical consensus and +transaction security of Bitcoin. Once the decentralization is +sacrificed to big business then you can expect the final price chart low. + +Until then, let's hold our horses and maintain an even keel: Bitcoin +is not trying to fit into the manic global economy's race toward the +edge of a precipice - Bitcoin is the solution once its all gone wrong +- - for ordinary users, not opportunistic bank-based business models +such as JPMorgan, Pantera Capital or BTC-China. + +If you cannot see the inherent centralization problem with most +so-called Bitcoin businesses you just haven't done your homework. + + + + +On 06/27/2015 04:55 PM, NxtChg wrote: +> +> On 6/27/2015 at 10:43 AM, "Wladimir J. van der Laan" +> <laanwj@gmail.com> wrote: +> +>> It has been disappointing and scary to see political pressure +>> tactics being used to change a distributed consensus system. +> +> That's why some people are advocating formalizing the process. +> Political pressure will happen anyway, whether somebody likes it or +> not. It's better to deal with it in the open. +> +> +>> They cannot be changed willy-nilly according to needs of some +>> groups, much less than lower gravity can be legislated to help +>> the airline industry. +> +> Except the block size is not gravity. It's more like an arbitrary +> decision to limit planes' wingspan to the most typical hangar door +> of 1940. +> +> And now we have a "controversy" that we can't have modern planes +> out of the fear they won't fit into some of the old hangars. +> +> And to continue with this nice example, some people are even +> arguing that "the demand for flight is, essentially, limitless, so +> why bother making larger jets at all?" +> +> +> _______________________________________________ bitcoin-dev mailing +> list bitcoin-dev@lists.linuxfoundation.org +> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +> +-----BEGIN PGP SIGNATURE----- +Version: GnuPG v1 + +iQEcBAEBAgAGBQJVjnjHAAoJEGwAhlQc8H1m7CMH/273H3C7tnL56jJZ6U9RMbSN +dp2dPLusMJAvjWKiM/P5VjbcXnvARFuA3foIkzlxGdt2mvGlddW+b2x9YVZcDAZz +k9V/IccOmVVEvIpfaP0Awe6H9H8+Gr1PpFWuaFExcem9T9bF6kVGV4o0g6EGzwVe +rGJb0radm2qdWTKvUNvjXAF3kGRtoewFmTZBwyE6R6AxE7tvs/4Zvsf99+EQsD+o +3NZFlXX0gvPmaR7TWK0iOGlgns9MmKMm94xk8lHkESvW0NCMwTw6I0Pz74usPDte +U0lWkZBoKFWkEuf6ChVOOoSdSbYFrOwa0uaiJtPWJB+9TiwZdZbDJumW3uqYG5M= +=4vVg +-----END PGP SIGNATURE----- + |