Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 78C301710 for ; Tue, 29 Sep 2015 17:35:24 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-la0-f41.google.com (mail-la0-f41.google.com [209.85.215.41]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 5D5F924F for ; Tue, 29 Sep 2015 17:35:22 +0000 (UTC) Received: by lahh2 with SMTP id h2so17615796lah.0 for ; Tue, 29 Sep 2015 10:35:20 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :cc:content-type; bh=lV6sviJDqStNAl3ZeJozSl3mJmuSGB0loB4ixyTnaX0=; b=BLSvZNracnlHjTpIoGcwTq9zx76KJIk8KsSi43HZ20kWFEigdcdZRkseX3vtvBhL0d c0fR8mHB56nr6pr6jmEzVT8N4yby4gTb2GzojmCOIK4rnm5tqs8epcdzuepiSR2876c1 U1pdR55zuXNjEwxOkFME0C8Yf1xLLUEZ25u0A3XOi3/Ga6nr4RV6BHnLgpKCtEME2fdZ UzVNKVH3DVfeP4ypNr8K/pXjL08uGD3Zzo/ZVTQEeCFQiLMafjZsLqi6AnUa84M6lR8D AAzwyShq8/DEkNe9gz5SbkzX2DoK8jhP4Wc0vM1ssvvtoArdIj6Kg92VMS9FlqgOF2yl NSfA== MIME-Version: 1.0 X-Received: by 10.152.5.233 with SMTP id v9mr7755388lav.65.1443548120459; Tue, 29 Sep 2015 10:35:20 -0700 (PDT) Received: by 10.25.200.214 with HTTP; Tue, 29 Sep 2015 10:35:20 -0700 (PDT) In-Reply-To: References: Date: Tue, 29 Sep 2015 13:35:20 -0400 Message-ID: From: Gavin Andresen To: Allen Piscitello Content-Type: multipart/alternative; boundary=089e013d0f5aefb1b80520e63c66 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: Bitcoin Dev Subject: Re: [bitcoin-dev] Is it possible for there to be two chains after a hard fork? 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: Tue, 29 Sep 2015 17:35:24 -0000 --089e013d0f5aefb1b80520e63c66 Content-Type: text/plain; charset=UTF-8 On Tue, Sep 29, 2015 at 1:24 PM, Allen Piscitello < allen.piscitello@gmail.com> wrote: > I fail to see how always following a majority of miners no matter what > their actions somehow equates to insanity. Ok, I have a hidden assumption: I assume most miners are also not completely insane. I have met a fair number of them, and while they are often a little bit crazy (all entrepreneurs are a little bit crazy), I am confident that the vast majority of them are economically rational, and most of them are also meta-rational: they want Bitcoin to succeed. We've seen them demonstrate that meta-rationality when we've had accidental consensus forks. If you start with the premise that more than half of Bitcoin miners would do something crazy that would either destroy Bitcoin or would be completely unacceptable to you, personally... then maybe you should look for some other system that you might trust more, because Bitcoin's basic security assumption is that a supermajority of miners are 'honest.' -- -- Gavin Andresen --089e013d0f5aefb1b80520e63c66 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
On T= ue, Sep 29, 2015 at 1:24 PM, Allen Piscitello <allen.piscitello@g= mail.com> wrote:
I fail t= o see how always following a majority of miners no matter what their action= s somehow equates to insanity.

Ok, I have a hidden as= sumption: I assume most miners are also not completely insane.

I have met a fair = number of them, and while they are often a little bit crazy (all entreprene= urs are a little bit crazy), I am confident that the vast majority of them = are economically rational, and most of them are also meta-rational: they wa= nt Bitcoin to succeed. We've seen them demonstrate that meta-rationalit= y when we've had accidental consensus forks.

If you start with the premise th= at more than half of Bitcoin miners would do something crazy that would eit= her destroy Bitcoin or would be completely unacceptable to you, personally.= .. then maybe you should look for some other system that you might trust mo= re, because Bitcoin's basic security assumption is that a supermajority= of miners are 'honest.'

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Gavin Andresen

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