Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id DC57018AC for ; Mon, 1 Apr 2019 01:26:22 +0000 (UTC) X-Greylist: delayed 00:15:04 by SQLgrey-1.7.6 Received: from outmail148109.authsmtp.co.uk (outmail148109.authsmtp.co.uk [62.13.148.109]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 3EB4B712 for ; Mon, 1 Apr 2019 01:26:21 +0000 (UTC) Received: from punt24.authsmtp.com (punt24.authsmtp.com [62.13.128.105]) by punt16.authsmtp.com. (8.15.2/8.15.2) with ESMTP id x311BGHF012210 for ; Mon, 1 Apr 2019 02:11:16 +0100 (BST) (envelope-from user@petertodd.org) Received: from mail-c237.authsmtp.com (mail-c237.authsmtp.com [62.13.128.237]) by punt24.authsmtp.com. (8.15.2/8.15.2) with ESMTP id x311BG5U037047; Mon, 1 Apr 2019 02:11:16 +0100 (BST) (envelope-from user@petertodd.org) Received: from petertodd.org (ec2-52-5-185-120.compute-1.amazonaws.com [52.5.185.120]) (authenticated bits=0) by mail.authsmtp.com (8.15.2/8.15.2) with ESMTPSA id x311BEEg075885 (version=TLSv1.2 cipher=DHE-RSA-AES256-GCM-SHA384 bits=256 verify=NO); Mon, 1 Apr 2019 02:11:15 +0100 (BST) (envelope-from user@petertodd.org) Received: from [127.0.0.1] (localhost [127.0.0.1]) by petertodd.org (Postfix) with ESMTPSA id 077064014B; Mon, 1 Apr 2019 01:11:14 +0000 (UTC) Received: by localhost (Postfix, from userid 1000) id C901020168; Sun, 31 Mar 2019 21:11:12 -0400 (EDT) Date: Sun, 31 Mar 2019 21:11:12 -0400 From: Peter Todd To: Luke Dashjr , Bitcoin Protocol Discussion Message-ID: <20190401011112.6icdkyjocf4qh5oz@petertodd.org> References: <201904010030.34825.luke@dashjr.org> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="qfxamz7lcjktjai7" Content-Disposition: inline In-Reply-To: <201904010030.34825.luke@dashjr.org> User-Agent: NeoMutt/20170113 (1.7.2) X-Server-Quench: 0c3aecd7-541b-11e9-960e-8434971169dc X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZIVwkA IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aAdMdgMUGUUGAgsB Am8bW1ZeUVx7WGY7 bghPaBtcak9QXgdq T0pMXVMcXAZpAG50 c0keVRx6fwAIfHh4 ZQhiDXMKCRcuclt4 Rk8GCGwHMG59YWYf BV1QcwBQeQRLfxlM PgMxNiYHcQ5VPz4z GA41ejw8IwAXEyNb Xg8KN1FaWVwMBjkn ThRKEzI1VUgEQSQ2 MhluMkQdF0tZNUt6 fQZ5WholCDNVIDF1 dwAA X-Authentic-SMTP: 61633532353630.1024:706 X-AuthFastPath: 0 (Was 255) X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org X-Mailman-Approved-At: Mon, 01 Apr 2019 02:47:07 +0000 Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC 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: Mon, 01 Apr 2019 01:26:23 -0000 --qfxamz7lcjktjai7 Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Mon, Apr 01, 2019 at 12:30:34AM +0000, Luke Dashjr via bitcoin-dev wrote: > Certain parts of the community have been selling bitcoins for unreasonably > low prices. This has halted Bitcoin's valuation at $20k and even driven t= he > price down below $15k! However, clearly Bitcoin is worth much more than > that, and there is widespread support for higher prices. >=20 > In light of this, I have written and implemented two BIPs: one to add a > signed price field to Bitcoin transactions, and the other to softfork a > minimum price of $50k USD/BTC a year from today. I believe I've found a serious vulnerability in your proposal: there's no l= imit on the maximum supply of USD. --=20 https://petertodd.org 'peter'[:-1]@petertodd.org --qfxamz7lcjktjai7 Content-Type: application/pgp-signature; name="signature.asc" -----BEGIN PGP SIGNATURE----- iQEzBAEBCAAdFiEEFcyURjhyM68BBPYTJIFAPaXwkfsFAlyhZSwACgkQJIFAPaXw kft4wgf/SREIRsiG5KN6OyEuG8FYQqQAT3GYdla3U17puDJWkF3q1Uus5k8BTU92 H5XT6Ud+xw+rbqpEq/oBIH6iNg90qgF6KaYPalrmoIQB1KB9+Fgs3rPKt5Cj1x5q N0zv5icsR8ZJfTxOZ1/0G+rfgxOSa+R2jJJD6hN1uP0swo+FT4ggLDi77OZNxLkz qBjI2a1OZQCAtQpr9r6qHc16bw7yw8C4SNEBAYD5pBhjB2VZWoe/AvJ3CJyhaKnM Ccu/A57XnKkoZrp0xyEabf1wF5JGeXnhvT1B6Y+1bewnlxUcpxMYNewWEl3vvXCK h2wK9ICZlfLo1G87j7xYvJglwh2eXQ== =egqI -----END PGP SIGNATURE----- --qfxamz7lcjktjai7--