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authorErik Aronesty <erik@q32.com>2022-07-12 07:57:40 -0400
committerbitcoindev <bitcoindev@gnusha.org>2022-07-12 11:57:57 +0000
commitc260b2818bf9737527469ad56515eabe9a20d12c (patch)
tree5ccee362a789d8c2d33eca1cc776adf60ed147bf
parentccb30318b7a6322f480be77e8e94a9e3df62569e (diff)
downloadpi-bitcoindev-c260b2818bf9737527469ad56515eabe9a20d12c.tar.gz
pi-bitcoindev-c260b2818bf9737527469ad56515eabe9a20d12c.zip
Re: [bitcoin-dev] Security problems with relying on transaction fees for security
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+From: Erik Aronesty <erik@q32.com>
+Date: Tue, 12 Jul 2022 07:57:40 -0400
+Message-ID: <CAJowKgKM7B6UY-dNNTym7GAPS_dZ0dnMUPFJe-bSssKqt=zL5Q@mail.gmail.com>
+To: Peter <dizzle@pointbiz.com>,
+ Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
+Content-Type: multipart/alternative; boundary="000000000000e8178f05e39a606a"
+X-Mailman-Approved-At: Tue, 12 Jul 2022 12:04:54 +0000
+Subject: Re: [bitcoin-dev] Security problems with relying on transaction
+ fees for security
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+
+--000000000000e8178f05e39a606a
+Content-Type: text/plain; charset="UTF-8"
+
+>
+> we can expect mining to transition to a public service from the current
+> for-profit business model
+>
+
+I get it now
+
+Game theory would predict all of the major players mining in the future
+will be large holders
+
+If you're holding a hundred Bitcoin you should take one, sell it for mining
+equipment and use it to ensure the rest is stable
+
+I guess that's perfectly reasonable
+
+Yeah I'm on board with the idea that this is a non-issue
+
+Interested parties will continue to maintain the security of the chain with
+the same basic game theoretic stuff
+
+Bitcoin doesn't need a security budget
+
+Existing holders have the ability the means and the incentive to secure
+their funds
+
+Probably the only thing Bitcoiners should do is to advertise this rather
+than to make it some sort of secret
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+>
+
+--000000000000e8178f05e39a606a
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"auto"><div class=3D"gmail_quote" dir=3D"auto"><blockquote class=
+=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
+ing-left:1ex"><div>=C2=A0we can expect mining to transition to a public ser=
+vice from the current for-profit business model</div><div dir=3D"auto"></di=
+v></blockquote></div><div dir=3D"auto"><br></div><div dir=3D"auto">I get it=
+ now=C2=A0</div><div dir=3D"auto"><br></div><div dir=3D"auto">Game theory w=
+ould predict all of the major players mining in the future will be large ho=
+lders</div><div dir=3D"auto"><br></div><div dir=3D"auto">If you&#39;re hold=
+ing a hundred Bitcoin you should take one, sell it for mining equipment and=
+ use it=C2=A0 to ensure the rest is stable</div><div dir=3D"auto"><br></div=
+><div dir=3D"auto">I guess that&#39;s perfectly reasonable</div><div dir=3D=
+"auto"><br></div><div dir=3D"auto">Yeah I&#39;m on board with the idea that=
+ this is a non-issue</div><div dir=3D"auto"><br></div><div dir=3D"auto">Int=
+erested parties will continue to maintain the security of the chain with th=
+e same basic game theoretic stuff</div><div dir=3D"auto"><br></div><div dir=
+=3D"auto">Bitcoin doesn&#39;t need a security budget</div><div dir=3D"auto"=
+><br></div><div dir=3D"auto">Existing holders have the ability the means an=
+d the incentive to secure their funds</div><div dir=3D"auto"><br></div><div=
+ dir=3D"auto">Probably the only thing Bitcoiners should do is to advertise =
+this rather than to make it some sort of secret</div><div dir=3D"auto"><br>=
+</div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"a=
+uto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div=
+ dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br><=
+/div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"au=
+to"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div =
+dir=3D"auto"><br></div><div class=3D"gmail_quote" dir=3D"auto"><blockquote =
+class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid=
+;padding-left:1ex"><div dir=3D"auto"><br></div></blockquote></div></div>
+
+--000000000000e8178f05e39a606a--
+
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