Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 285EF273 for ; Sat, 8 Aug 2015 15:03:27 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-lb0-f173.google.com (mail-lb0-f173.google.com [209.85.217.173]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 3E53C10A for ; Sat, 8 Aug 2015 15:03:26 +0000 (UTC) Received: by lbbyj8 with SMTP id yj8so74897392lbb.0 for ; Sat, 08 Aug 2015 08:03:24 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:from:date:message-id:subject:to :cc:content-type; bh=wZrHjFwWl3UbNza8dmF1Bm7fJbcUsPDshnTf0B71tQ8=; b=ilhVqw7Qj7vU//kKzaD56DaEcLn9Ftv4PFw3wFjqVQMZeczjrQC7yBbLNStbdir6Lk 2XeboxcW0Vz6SP57UBmALqZ8xdOF59JzLUVnzJ7g9WF9r047AdQW7DC2ALGtjnVFgnkA phGWmlgo9y16EEdXVh1u5sezi4hc5jIjUhS8NLNiUH6NhqjyuU5XcKrMCG4sjOHO5/p8 968ouMSqzYfalkVAUzQg/Wu3C3LGRlSP6KInVBEuluAdGJAA439ULQnbeRzeva2vgPFS 0zC/X0q2e0ILIc0ADuGv5B9XZWUh2GLCuOWGVNKTT+/1xSvYeIooNPU4whCyCsWKRwQ9 zNgA== X-Received: by 10.112.161.40 with SMTP id xp8mr12990843lbb.71.1439046204257; Sat, 08 Aug 2015 08:03:24 -0700 (PDT) MIME-Version: 1.0 Received: by 10.25.22.25 with HTTP; Sat, 8 Aug 2015 08:03:04 -0700 (PDT) In-Reply-To: <3D142DE7-C785-46FB-A2D0-3DEF16892C64@petertodd.org> References: <3D142DE7-C785-46FB-A2D0-3DEF16892C64@petertodd.org> From: Hector Chu Date: Sat, 8 Aug 2015 16:03:04 +0100 Message-ID: To: Peter Todd Content-Type: multipart/alternative; boundary=001a11c25f52d1fc34051cce0deb X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,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 Cc: Hector Chu via bitcoin-dev Subject: Re: [bitcoin-dev] Voting by locking coins X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 08 Aug 2015 15:03:27 -0000 --001a11c25f52d1fc34051cce0deb Content-Type: text/plain; charset=UTF-8 Thanks for this Peter. It is quite long winded and complicated so I just wanted to clarify one particular point. In John's proposal, are the coins actually locked up, or are they still freely spendable post-vote? Otherwise there is no real cost to casting votes. Locking coins up is related to the time-value of money and has a cost the longer they are locked up for. On 8 August 2015 at 15:23, Peter Todd wrote: > -----BEGIN PGP SIGNED MESSAGE----- > Hash: SHA256 > > > > On 8 August 2015 02:27:35 GMT-04:00, Hector Chu via bitcoin-dev < > bitcoin-dev@lists.linuxfoundation.org> wrote: > >Has there ever been any discussion of locking coins till a certain date > >for > >casting votes on an issue? > > Yes, John Dillon proposed a very clever and viable blocksize vote scheme > on this list awhile back: > https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02323.html > -----BEGIN PGP SIGNATURE----- > > iQE9BAEBCAAnIBxQZXRlciBUb2RkIDxwZXRlQHBldGVydG9kZC5vcmc+BQJVxhDI > AAoJEMCF8hzn9Lnc47AH/Rg+JEhId23fKmUUDvYo8FA4N03nPjbsYBNdAAXHufUQ > 6KQz8h+yjYKMBTU0r4ONyssQtqtsJtWQpLjANZlYlTB82WuPKNPhrAD3Kqkj7x+t > L6ROTktoBnGvhPLCkRdpIjnGwcBhVFFxePQCySJrRT+w+5WZtcyVtx0JDdttJREF > 5Ctdf2K6IbVJ10joQHY46IlGpVNiOhx4mJ2SyCHy5Ug4lWToHto0KYJplK5GDXTi > 8IfPNrnqTjm5ExeyE3/d86je9sbHJvSYIrMsUCk74e244+VTUK35ms8xoA0n2yyn > M1g6HAmA6OR61WvnQHaCYLT6f7XrDh8s0+BmpHrrF6E= > =p+Go > -----END PGP SIGNATURE----- > > --001a11c25f52d1fc34051cce0deb Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
Thanks for this Peter. It is quite long winded and complic= ated so I just wanted to clarify one particular point. In John's propos= al, are the coins actually locked up, or are they still freely spendable po= st-vote? Otherwise there is no real cost to casting votes. Locking coins up= is related to the time-value of money and has a cost the longer they are l= ocked up for.

On 8 August 2015 at 15:23, Peter Todd <pete@petertodd.org> wrote:
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Hash: SHA256



On 8 August 2015 02:27:35 GMT-04:00, Hector Chu via bitcoin-dev <bitcoin-dev@lists.linuxfo= undation.org> wrote:
>Has there ever been any discussion of locking coins till a certain date=
>for
>casting votes on an issue?

Yes, John Dillon proposed a very clever and viable blocksize vote sc= heme on this list awhile back: https://www.mail-archive.com/bitcoin-development@lists.sourc= eforge.net/msg02323.html
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