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Date: Sun, 27 Apr 2014 16:31:05 +0200
Message-ID: <CANEZrP2jTP+uCuXswopheJwBBmMp5ZHdqxua1sAhLF=cOnhPOg@mail.gmail.com>
From: Mike Hearn <mike@plan99.net>
To: Gareth Williams <gacrux@gmail.com>
Content-Type: multipart/alternative; boundary=047d7b5d302a86406704f8070c4b
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Coinbase reallocation to discourage
	Finney attacks
Precedence: list

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>
> That moves us away from a pure trustless system built upon a small
> democratic foundation (as something of a necessary evil in an imperfect
> world where humans run our computers and use our system) and toward a
> "democratic system".
>
> You don't have to agree, but I hope you can understand the point I'm
> making :-)


Yep, your point is well made.

I don't have much more to say about this proposal specifically, but I think
this whole question of what changes are OK and what would be a violation of
the social contract will get discussed endlessly over the coming years. Put
another way, what do Bitcoin's users expect and want - a system that
evolves or a system that remains exactly as they found it? There will be
good arguments on both sides, and the answer will probably be different on
a case by case basis. But personally I'm skeptical of any argument that
argues against change for its own sake. It has to be an argument rooted in
a careful analysis of costs and benefits.

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<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><blo=
ckquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #c=
cc solid;padding-left:1ex">That moves us away from a pure trustless system =
built upon a small<br>

democratic foundation (as something of a necessary evil in an imperfect<br>
world where humans run our computers and use our system) and toward a<br>
&quot;democratic system&quot;.<br>
<br>
You don&#39;t have to agree, but I hope you can understand the point I&#39;=
m<br>
making :-)</blockquote><div><br></div><div>Yep, your point is well made.</d=
iv><div><br></div><div>I don&#39;t have much more to say about this proposa=
l specifically, but I think this whole question of what changes are OK and =
what would be a violation of the social contract will get discussed endless=
ly over the coming years. Put another way, what do Bitcoin&#39;s users expe=
ct and want - a system that evolves or a system that remains exactly as the=
y found it? There will be good arguments on both sides, and the answer will=
 probably be different on a case by case basis. But personally I&#39;m skep=
tical of any argument that argues against change for its own sake. It has t=
o be an argument rooted in a careful analysis of costs and benefits.</div>
</div></div></div>

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