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Date: Sun, 28 Jun 2015 09:51:48 -0400
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From: Ivan Brightly <ibrightly@gmail.com>
To: =?UTF-8?B?Sm9yZ2UgVGltw7Nu?= <jtimon@jtimon.cc>
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Subject: Re: [bitcoin-dev] The need for larger blocks
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On Sun, Jun 28, 2015 at 8:13 AM, Jorge Tim=C3=B3n <jtimon@jtimon.cc> wrote:
>
> No, this is very important. The majority has no right to dictate on
> the minority.
>
While an interesting philosophical question, I don't think that this is
accurate. First off, bitcoin doesn't imbue any 'rights' on individuals -
it provides the choice of participating or not, nothing more.
Secondly, from a technical perspective, how is it that the majority (or
super-majority) are prevented from imposing their will? The best answer is
that they are incentivized to not override a minority group since that
reduces the inherent value in the system. However, presuming that the
majority calculate that the reward for imposing a change is greater than
the value lost in such disruption, I don't see how there would be any
stopping this change. The longest chain with the greatest number of users
valuing the token on that chain "wins".
--001a113d37ae4bf4040519944617
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<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On S=
un, Jun 28, 2015 at 8:13 AM, Jorge Tim=C3=B3n <span dir=3D"ltr"><<a href=
=3D"mailto:jtimon@jtimon.cc" target=3D"_blank">jtimon@jtimon.cc</a>></sp=
an> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;=
border-left:1px #ccc solid;padding-left:1ex"><br>
No, this is very important. The majority has no right to dictate on<br>
the minority.<br></blockquote><div><br></div><div>While an interesting phil=
osophical question, I don't think that this is accurate. First off, bit=
coin doesn't imbue =C2=A0any 'rights' on individuals - it provi=
des the choice of participating or not, nothing more.</div><div><br></div><=
div>Secondly, from a technical perspective, how is it that the majority (or=
super-majority) are prevented from imposing their will? The best answer is=
that they are incentivized to not override a minority group since that red=
uces the inherent value in the system. However, presuming that the majority=
calculate that the reward for imposing a change is greater than the value =
lost in such disruption, I don't see how there would be any stopping th=
is change. The longest chain with the greatest number of users valuing the =
token on that chain "wins".</div></div><br></div></div>
--001a113d37ae4bf4040519944617--
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