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Date: Mon, 9 Dec 2013 19:16:18 -0600
Message-ID: <CAJfRnm5O7Y7cSi4B8kCxGvdG7mNChevfyO4bFLfPU6833BXS8w@mail.gmail.com>
From: Allen Piscitello <allen.piscitello@gmail.com>
To: Jameson Lopp <jameson.lopp@gmail.com>
Content-Type: multipart/alternative; boundary=047d7bfcf6a20bdc8804ed23dcfc
Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Monetary Authority for Bitcoin
Precedence: list

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I've got a better idea.  Ben Bernake needs a new job.  Let's just let him
set the block reward.


On Mon, Dec 9, 2013 at 5:23 PM, Jameson Lopp <jameson.lopp@gmail.com> wrote:

> To piggyback on Jeff,
>
> Any proposal that is going to add reliance upon data from third parties
> outside of the Bitcoin network itself is likely going to be rejected
> outright. This opens far too many potential vulnerabilities.
>
> "The exchanges that are kept track of could be hard coded into Bitcoin
> or the miner could choose, how this works is not something I'm
> personally focused on."
>
> Yeah... you can't just gloss over a little detail like that. There must
> be consensus between the miners, otherwise a solved block will be
> rejected by a miner's peers.
> --
> Jameson Lopp
> Software Engineer
> Bronto Software, Inc
>
> On 12/09/2013 06:10 PM, Jeff Garzik wrote:
> > On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni <ryan.jc.pc@gmail.com>
> wrote:
> >> It is not a violation of the trust of those holding the currency. Many
> >> people bought Bitcoin in the hopes that it's value in the relation of
> other
> >> currencies will increase, not because there's a fixed money supply. The
> >> majority of people using Bitcoin as a currency in exchange for real
> goods
> >> are using the exchanges.
> >
> > Your proposal has been met with widespread laughter.  Were I not ill
> > with the flu, mockery would ensue as well.
> >
>
>
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<div dir=3D"ltr">I&#39;ve got a better idea. =A0Ben Bernake needs a new job=
. =A0Let&#39;s just let him set the block reward.</div><div class=3D"gmail_=
extra"><br><br><div class=3D"gmail_quote">On Mon, Dec 9, 2013 at 5:23 PM, J=
ameson Lopp <span dir=3D"ltr">&lt;<a href=3D"mailto:jameson.lopp@gmail.com"=
 target=3D"_blank">jameson.lopp@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex">To piggyback on Jeff,<br>
<br>
Any proposal that is going to add reliance upon data from third parties<br>
outside of the Bitcoin network itself is likely going to be rejected<br>
outright. This opens far too many potential vulnerabilities.<br>
<div class=3D"im"><br>
&quot;The exchanges that are kept track of could be hard coded into Bitcoin=
<br>
or the miner could choose, how this works is not something I&#39;m<br>
personally focused on.&quot;<br>
<br>
</div>Yeah... you can&#39;t just gloss over a little detail like that. Ther=
e must<br>
be consensus between the miners, otherwise a solved block will be<br>
rejected by a miner&#39;s peers.<br>
--<br>
Jameson Lopp<br>
Software Engineer<br>
Bronto Software, Inc<br>
<div class=3D"im HOEnZb"><br>
On 12/09/2013 06:10 PM, Jeff Garzik wrote:<br>
&gt; On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni &lt;<a href=3D"mailto:rya=
n.jc.pc@gmail.com">ryan.jc.pc@gmail.com</a>&gt; wrote:<br>
&gt;&gt; It is not a violation of the trust of those holding the currency. =
Many<br>
&gt;&gt; people bought Bitcoin in the hopes that it&#39;s value in the rela=
tion of other<br>
&gt;&gt; currencies will increase, not because there&#39;s a fixed money su=
pply. The<br>
&gt;&gt; majority of people using Bitcoin as a currency in exchange for rea=
l goods<br>
&gt;&gt; are using the exchanges.<br>
&gt;<br>
&gt; Your proposal has been met with widespread laughter. =A0Were I not ill=
<br>
&gt; with the flu, mockery would ensue as well.<br>
&gt;<br>
<br>
</div><div class=3D"HOEnZb"><div class=3D"h5">-----------------------------=
-------------------------------------------------<br>
Sponsored by Intel(R) XDK<br>
Develop, test and display web and hybrid apps with a single code base.<br>
Download it for free now!<br>
<a href=3D"http://pubads.g.doubleclick.net/gampad/clk?id=3D111408631&amp;iu=
=3D/4140/ostg.clktrk" target=3D"_blank">http://pubads.g.doubleclick.net/gam=
pad/clk?id=3D111408631&amp;iu=3D/4140/ostg.clktrk</a><br>
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Bitcoin-development mailing list<br>
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pment@lists.sourceforge.net</a><br>
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velopment</a><br>
</div></div></blockquote></div><br></div>

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