Return-Path: Received: from smtp4.osuosl.org (smtp4.osuosl.org [IPv6:2605:bc80:3010::137]) by lists.linuxfoundation.org (Postfix) with ESMTP id B963CC002D for ; Sun, 12 Jun 2022 16:35:18 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp4.osuosl.org (Postfix) with ESMTP id A88FB41680 for ; Sun, 12 Jun 2022 16:35:18 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -1.848 X-Spam-Level: X-Spam-Status: No, score=-1.848 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_ENVFROM_END_DIGIT=0.25, FREEMAIL_FROM=0.001, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Authentication-Results: smtp4.osuosl.org (amavisd-new); dkim=pass (2048-bit key) header.d=gmail.com Received: from smtp4.osuosl.org ([127.0.0.1]) by localhost (smtp4.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id MeoGZiLZdrFy for ; Sun, 12 Jun 2022 16:35:17 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 Received: from mail-yb1-xb31.google.com (mail-yb1-xb31.google.com [IPv6:2607:f8b0:4864:20::b31]) by smtp4.osuosl.org (Postfix) with ESMTPS id AF848408C9 for ; Sun, 12 Jun 2022 16:35:17 +0000 (UTC) Received: by mail-yb1-xb31.google.com with SMTP id x38so6397862ybd.9 for ; Sun, 12 Jun 2022 09:35:17 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20210112; h=mime-version:references:in-reply-to:from:date:message-id:subject:to; bh=1u7+UPK2yFMawdRFLkhLKOfHsaaN4KjA4qPu7qtx/yE=; b=qkdcaUC1ZihCSMhlzlbll+lwuAfpb8SO7XNuT+JhiHu6O1WAs4ijyPcV8wTyp6EzHW +bTmB+zHP7GnM1+nkfS+MptP0L83iy/rxRXtucp4GF29IXPiW2CWX3gXPxpGCIVBksbV eM0jKP1YZ56jwgd3Px7rR1L+ISKO3O5Y3OXcc7iZusN/nBujdVSytFrpxvIl5Am3hA7z VTPPG2iUD0b0bkwpbbY8SV4l+aibm0ulKGSV9IM2Is1OEzFXwDM9pRQzGHqUGkZe+IcD bdjI7dmxzWTzvCKZAkdp9iie8aRIWrW8mj1voQL6brxaApTyEj6l6SPmb5QS+MMdfNiz VDFg== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20210112; h=x-gm-message-state:mime-version:references:in-reply-to:from:date :message-id:subject:to; bh=1u7+UPK2yFMawdRFLkhLKOfHsaaN4KjA4qPu7qtx/yE=; b=Et7u3D2DXgVQ2xn+kVlJG80VI0c/fhFlYfqOP8KduKXHOZdECQ4Oz/r8w4uv4F2qJq OplUpaAA+rk/ww+p2CFX/v5OVMnQIAN6U9uhFSxwY3eumcGB672KEYQ7B75xmwy2wNvm iDWDNnSD8kX22n27DMjGGYGl+JClpzGLazKpYuzfVaKEcHCWGSTKyA1sG6exPyRbePFs 71PQbvl1fHzEdUXRNJRxitHPcsCkuSvenTvF/tlyDzuTi9Uc6aa9zM7bXZdgty8LgrCd sVE2qdcEO3Qi3xrcsDh79ZQOCSNfz5pOEsvmQAX0fMrbi2/UQgJFy4IQqEVZZWc4+7q9 QCpg== X-Gm-Message-State: AOAM5311ptzl9q+Ng2QDKs1nUIYMvjUiUHiR7K9oHpJ5APOwjCgGH9c5 z9pZwE8Cpud9eOaSL3xfgw9t+m1HVJRohPaxdTU= X-Google-Smtp-Source: ABdhPJweygRGMxjHcPREMGguQYoWqUph9+TPkGLmMKMQa42ehF50AsN0i1niR7kbeTrm6xbCND42EuqHXBK/1c6Jx2Y= X-Received: by 2002:a25:65c3:0:b0:660:3691:34af with SMTP id z186-20020a2565c3000000b00660369134afmr54745395ybb.641.1655051716593; Sun, 12 Jun 2022 09:35:16 -0700 (PDT) MIME-Version: 1.0 References: In-Reply-To: From: Corey Haddad Date: Sun, 12 Jun 2022 12:35:06 -0400 Message-ID: To: Erik Aronesty , Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="000000000000a70d9905e142c1c2" Subject: Re: [bitcoin-dev] Bitcoin covenants are inevitable X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sun, 12 Jun 2022 16:35:18 -0000 --000000000000a70d9905e142c1c2 Content-Type: text/plain; charset="UTF-8" Even if demand for block space is currently not needed to pay for security due to the block rewards, demand for BTC itself is needed for those rewards to be worth anything. Bitcoin, as a proof of work system, is only secure at scale. Therefore continued growth and user adoption are both critical for Bitcoin's security. Perhaps the question then becomes who feels that Bitcoin is inevitable, and who feels it is possible that it can damaged or destroyed? --000000000000a70d9905e142c1c2 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
Even if demand=C2=A0for block space is currently not neede= d to pay for security due to the block rewards, demand for BTC itself is ne= eded for those rewards to be worth anything.
Bitcoin, as a proof of wor= k system, is only secure at scale. Therefore continued growth and user adop= tion are both critical for Bitcoin's security. Perhaps the question the= n becomes
who feels that Bitcoin is inevitable, and who feels it = is possible that it can damaged=C2=A0or destroyed?
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