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authorLucas Clemente Vella <lvella@gmail.com>2017-10-10 17:18:39 -0300
committerbitcoindev <bitcoindev@gnusha.org>2017-10-10 20:19:01 +0000
commit0e3a087034cde9f64c8257252e09b84446d733b5 (patch)
tree67c67a314a2e3d2401a6270325f71493ad00bda7
parent2cbf8648a27a0027abf5b0fa41e9d313e9f9ab4c (diff)
downloadpi-bitcoindev-0e3a087034cde9f64c8257252e09b84446d733b5.tar.gz
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Re: [bitcoin-dev] Generalized sharding protocol for decentralized scaling without Miners owning our BTC
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+From: Lucas Clemente Vella <lvella@gmail.com>
+Date: Tue, 10 Oct 2017 17:18:39 -0300
+Message-ID: <CAGCathy2U7+Qy4gLB0S_j-kArvGHuELDgzweFR4grQQ9AZgAbg@mail.gmail.com>
+To: Paul Sztorc <truthcoin@gmail.com>,
+ Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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+Subject: Re: [bitcoin-dev] Generalized sharding protocol for decentralized
+ scaling without Miners owning our BTC
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+--001a114925387a104d055b3704e8
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+2017-10-09 22:39 GMT-03:00 Paul Sztorc via bitcoin-dev <
+bitcoin-dev@lists.linuxfoundation.org>:
+
+> That is only a one-way peg, not a two-way.
+>
+> In fact, that is exactly what drivechain does, if one chooses parameters
+> for the drivechain that make it impossible for any side-to-main transfer to
+> succeed.
+>
+> One-way pegs have strong first-mover disadvantages.
+>
+
+I understand the first-mover disadvantages, but I keep thinking that if the
+new chain is Pareto optimal, i.e. is in all aspects at least good as the
+original chain, but in some so much better to justify the change, the
+initial resistance is an unstable equilibrium. Like a herd of buffaloes
+attacking a lion: the first buffalo to attack is in awful disadvantage, but
+if a critical mass of the herd follows, the movement succeeds beyond
+turning back, and every buffalo benefited, both those who attacked the lion
+and those that didn't (because the lion was chased away or killed).
+
+--
+Lucas Clemente Vella
+lvella@gmail.com
+
+--001a114925387a104d055b3704e8
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">2017=
+-10-09 22:39 GMT-03:00 Paul Sztorc via bitcoin-dev <span dir=3D"ltr">&lt;<a=
+ href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">bi=
+tcoin-dev@lists.linuxfoundation.org</a>&gt;</span>:<br><blockquote class=3D=
+"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding=
+-left:1ex"><div dir=3D"auto"><div>That is only a one-way peg, not a two-way=
+.</div><div dir=3D"auto"><br></div><div dir=3D"auto">In fact, that is exact=
+ly what drivechain does, if one chooses parameters for the drivechain that =
+make it impossible for any side-to-main transfer to succeed.</div><div dir=
+=3D"auto"><br></div><div>One-way pegs have strong first-mover disadvantages=
+.</div></div></blockquote><div>=C2=A0</div><div>I understand the first-move=
+r disadvantages, but I keep thinking that if the new chain is Pareto optima=
+l, i.e. is in all aspects at least good as the original chain, but in some =
+so much better to justify the change, the initial resistance is an unstable=
+ equilibrium. Like a herd of buffaloes attacking a lion: the first buffalo =
+to attack is in awful disadvantage, but if a critical mass of the herd foll=
+ows, the movement succeeds beyond turning back, and every buffalo benefited=
+, both those who attacked the lion and those that didn&#39;t (because the l=
+ion was chased away or killed).<br></div><div>=C2=A0</div></div>-- <br><div=
+ class=3D"gmail_signature" data-smartmail=3D"gmail_signature">Lucas Clement=
+e Vella<br><a href=3D"mailto:lvella@gmail.com" target=3D"_blank">lvella@gma=
+il.com</a></div>
+</div></div>
+
+--001a114925387a104d055b3704e8--
+