Return-Path: Received: from smtp3.osuosl.org (smtp3.osuosl.org [IPv6:2605:bc80:3010::136]) by lists.linuxfoundation.org (Postfix) with ESMTP id 6ADF2C002D for ; Tue, 12 Jul 2022 11:57:57 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp3.osuosl.org (Postfix) with ESMTP id 2F9F06070A for ; Tue, 12 Jul 2022 11:57:57 +0000 (UTC) DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org 2F9F06070A Authentication-Results: smtp3.osuosl.org; dkim=pass (2048-bit key) header.d=q32-com.20210112.gappssmtp.com header.i=@q32-com.20210112.gappssmtp.com header.a=rsa-sha256 header.s=20210112 header.b=IJIQEL2v X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: 1.301 X-Spam-Level: * X-Spam-Status: No, score=1.301 tagged_above=-999 required=5 tests=[BAYES_50=0.8, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, FREEMAIL_FORGED_FROMDOMAIN=0.25, FREEMAIL_FROM=0.001, HEADER_FROM_DIFFERENT_DOMAINS=0.249, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=no autolearn_force=no Received: from smtp3.osuosl.org ([127.0.0.1]) by localhost (smtp3.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id AFVvDwc3XrMW for ; Tue, 12 Jul 2022 11:57:56 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org 332F4605A2 Received: from mail-lf1-x131.google.com (mail-lf1-x131.google.com [IPv6:2a00:1450:4864:20::131]) by smtp3.osuosl.org (Postfix) with ESMTPS id 332F4605A2 for ; Tue, 12 Jul 2022 11:57:56 +0000 (UTC) Received: by mail-lf1-x131.google.com with SMTP id o7so13514933lfq.9 for ; Tue, 12 Jul 2022 04:57:55 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=q32-com.20210112.gappssmtp.com; s=20210112; h=mime-version:references:in-reply-to:from:date:message-id:subject:to; bh=Ur3B313lRiwnN0UlRlUgkrUAocLObUyk988BvGcY2og=; b=IJIQEL2vHJObrNQHx+P3nB96HoVaUnlRad9C5bhfrcWOxIZuGkA13kRCb0L4jPZPv9 Q7tqo5/riEZxAI135Vz+VUl3QqzwetwQ9wb1mtpMWN6a5UXpU3PA1BMtT0k/wMEqi3BJ iuHwfM6iHBKh0uu8OXvoNAhhSEAD/jL5Yx6rYr23gBdc0Asdob9CzE0W6iBIxQlUkOaO DX5RK/W3ZaVArVEvXSrg8GXC0uCfmwI0VfrojqD3B+dSNJywRobYuAPlhHBeTlkBGs5U OEpp+GjGWv6OKnHuUxBtRQzK2e3NJParv6EEVlnTpD6qo76nnrOEqxTxyyLdu+enVyhi XI3Q== 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=Ur3B313lRiwnN0UlRlUgkrUAocLObUyk988BvGcY2og=; b=o3y8zWy2pWDK57DSfxhaKn70jgCD0ZKGZ2qqoDJDG35vcdue70BAYwA3ASKf1/aOWU 9QqUgD0IoEyLwk7oWMtuaO1lhBH8ZgBw9mDOvzmAgNm+4qioH1+uYuaAvcGvkqH+XfF1 nEL2Ok6vGT8V5YNj+L0lSAZJt3OWhjLbMUfisux+Z/5v3197DhElg5WggmyQHZx+RhXZ GtBEw5RV/9sKJlx3VQPj7GdZf1nXSDF74+hyrKnSyvyRxsZd2uZGYKzOectnONqjv6CM uDEQnWUIhXDZblxUOgLF4Gi23Y0mFHdf5dJ2aRhaWwXdFBneB/3JaBJaewbkZXl47Rp5 VAvg== X-Gm-Message-State: AJIora9P/wi/IKsRJgSjSW0iqz5uNaT6TnRepDlHjiCid8+zr2QsC2nv gInU99NGM4OYjkit4m274mgQsvtM3CgR6JDSwWUYf+zUnThT X-Google-Smtp-Source: AGRyM1thXoePSzl5g16XD5jMF1HQnbw29rTZexwyTpS9DNR3fgXWw8UPKYsnUYpL0Z0vlfweDuRckjc/wH8sMvjZJtI= X-Received: by 2002:a05:6512:3b87:b0:489:dddb:a483 with SMTP id g7-20020a0565123b8700b00489dddba483mr6131850lfv.107.1657627073843; Tue, 12 Jul 2022 04:57:53 -0700 (PDT) MIME-Version: 1.0 References: In-Reply-To: From: Erik Aronesty Date: Tue, 12 Jul 2022 07:57:40 -0400 Message-ID: To: Peter , Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="000000000000e8178f05e39a606a" X-Mailman-Approved-At: Tue, 12 Jul 2022 12:04:54 +0000 Subject: Re: [bitcoin-dev] Security problems with relying on transaction fees for security 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: Tue, 12 Jul 2022 11:57:57 -0000 --000000000000e8178f05e39a606a Content-Type: text/plain; charset="UTF-8" > > we can expect mining to transition to a public service from the current > for-profit business model > I get it now Game theory would predict all of the major players mining in the future will be large holders If you're holding a hundred Bitcoin you should take one, sell it for mining equipment and use it to ensure the rest is stable I guess that's perfectly reasonable Yeah I'm on board with the idea that this is a non-issue Interested parties will continue to maintain the security of the chain with the same basic game theoretic stuff Bitcoin doesn't need a security budget Existing holders have the ability the means and the incentive to secure their funds Probably the only thing Bitcoiners should do is to advertise this rather than to make it some sort of secret > --000000000000e8178f05e39a606a Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
=C2=A0we can expect mining to transition to a public ser= vice from the current for-profit business model

I get it= now=C2=A0

Game theory w= ould predict all of the major players mining in the future will be large ho= lders

If you're hold= ing a hundred Bitcoin you should take one, sell it for mining equipment and= use it=C2=A0 to ensure the rest is stable

I guess that's perfectly reasonable

Yeah I'm on board with the idea that= this is a non-issue

Int= erested parties will continue to maintain the security of the chain with th= e same basic game theoretic stuff

Bitcoin doesn't need a security budget

Existing holders have the ability the means an= d the incentive to secure their funds

Probably the only thing Bitcoiners should do is to advertise = this rather than to make it some sort of secret

=








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