Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id EF5BDE74 for ; Tue, 30 Jan 2018 01:59:50 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-vk0-f51.google.com (mail-vk0-f51.google.com [209.85.213.51]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 790331C0 for ; Tue, 30 Jan 2018 01:59:50 +0000 (UTC) Received: by mail-vk0-f51.google.com with SMTP id m197so5844080vka.3 for ; Mon, 29 Jan 2018 17:59:50 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:sender:in-reply-to:references:from:date:message-id :subject:to:cc; bh=KX/R05Ygx9OPkspDgccJHMQCO35p7wL/sXgWHr7QrKU=; b=oLIM4BP0LtCy0qPEBaLayX/7uHTzVDo/qq9i3cQGUHCMi/95XY1axRBvlCBLJuxsLX RBp/FSF6xY7hIFqyxBMl3j/vffC6fVoL9e6BCVuca6qIC1cm9YslIYkbnzLNktRrHkzu ywDirhhcXkYJovgJZAYldH40nZrkEv3wQwBYE/jNAQVG5OIeW52vQP12o0BUjPZ2AmhZ 6w9vznV1/WZ5Gz0i1uq/6Enp8wlk3ouCFCrxtq32pNUB8PR0eeTMINebsInvvBylaTwH AbclSV871S8cwMsXSeRtcrVwLEivN2IHq8Bo5NAWqgUlr3UMc0gLkHgAc/Y4Gh3Jnv/j tVuw== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:sender:in-reply-to:references:from :date:message-id:subject:to:cc; bh=KX/R05Ygx9OPkspDgccJHMQCO35p7wL/sXgWHr7QrKU=; b=BiFaY4fVHGfIUb+M02dOLHTXAZ/ZESA1A7WQQrYjFL+S654D2bwE5nNGUa1enuJpHx FvSvZOWu7p4I7IlmqKkjGiUl9mAtj96wNOZavSE/PYJZXNONT+LLXSl6E0Ysysr/4WyK 7jJusOcCOve+pSyYR4ZRk4NF3WDbRY2LBElC700XACy8KxolQcEMRLQE/9tNzHt2BynE RoosvIj7n/3MgL9QAuptZKppWXBRjYEIW5pkEy6xVc6rtNUgAlgedMdQnQHJi+LK3Jts y8GmH2dyLn4IZXei2kBUlcKWsgBkh1v+XNouVK5Yn6rYgTwDzwrV9gk8Qp12p50c1Wcb yLUw== X-Gm-Message-State: AKwxyte6C1xAnI1qGPxM1ZJE7PzR5U7tlzt66JToZNl3RQPed2hGncz6 sTndYt3PntXxl1Lw415ks/D/jNdD3leLmivTrhc= X-Google-Smtp-Source: AH8x224S/M4+cobZ7NJ97jYb4wU4sZ9oSk9T5Ja9dkl6oRCysfnENKhOk6oRaf6Vy7SaOQrDxUmy5ePYkRreEEduCrI= X-Received: by 10.31.149.195 with SMTP id x186mr19805938vkd.14.1517277589674; Mon, 29 Jan 2018 17:59:49 -0800 (PST) MIME-Version: 1.0 Sender: gmaxwell@gmail.com Received: by 10.103.78.155 with HTTP; Mon, 29 Jan 2018 17:59:48 -0800 (PST) In-Reply-To: <7ecea1c8-bc60-223e-6e7b-48b390363794@voskuil.org> References: <261a9388-64fe-a664-85f0-4b0e8ca9ec1e@voskuil.org> <7ecea1c8-bc60-223e-6e7b-48b390363794@voskuil.org> From: Gregory Maxwell Date: Tue, 30 Jan 2018 01:59:48 +0000 X-Google-Sender-Auth: SHFHoeT7uU_c_dsndX2OO_aNEXo Message-ID: To: Eric Voskuil Content-Type: text/plain; charset="UTF-8" X-Spam-Status: No, score=-1.9 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, FREEMAIL_FROM, RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: Bitcoin Protocol Discussion Subject: Re: [bitcoin-dev] Proposal: rewarding fees to next block miner X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Tue, 30 Jan 2018 01:59:51 -0000 On Mon, Jan 29, 2018 at 11:21 PM, Eric Voskuil wrote: > Block space created by a miner is property that belongs to the miner, it > can be sold or not sold. That case would be stronger when there is no more subsidy, but we collectively the uses of Bitcoin are currently paying miners around $130k USD per block in the form of inflation for the job of honestly complying with the Bitcoin protocol. I don't think you can argue that they have any more right to do that than any of us have a right to run software that invalidates their coinbase outputs when they do; which would be the sort of retaliation they might get targeted with.