Return-Path: Received: from smtp2.osuosl.org (smtp2.osuosl.org [IPv6:2605:bc80:3010::133]) by lists.linuxfoundation.org (Postfix) with ESMTP id EAD7CC002D for ; Tue, 12 Jul 2022 00:01:36 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp2.osuosl.org (Postfix) with ESMTP id B6A4C403B7 for ; Tue, 12 Jul 2022 00:01:36 +0000 (UTC) DKIM-Filter: OpenDKIM Filter v2.11.0 smtp2.osuosl.org B6A4C403B7 Authentication-Results: smtp2.osuosl.org; dkim=pass (2048-bit key) header.d=gmail.com header.i=@gmail.com header.a=rsa-sha256 header.s=20210112 header.b=ZAMTH3bX X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -2.098 X-Spam-Level: X-Spam-Status: No, score=-2.098 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Received: from smtp2.osuosl.org ([127.0.0.1]) by localhost (smtp2.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id PRug51y0eBZR for ; Tue, 12 Jul 2022 00:01:36 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 DKIM-Filter: OpenDKIM Filter v2.11.0 smtp2.osuosl.org 0B9BB402F3 Received: from mail-pg1-x531.google.com (mail-pg1-x531.google.com [IPv6:2607:f8b0:4864:20::531]) by smtp2.osuosl.org (Postfix) with ESMTPS id 0B9BB402F3 for ; Tue, 12 Jul 2022 00:01:35 +0000 (UTC) Received: by mail-pg1-x531.google.com with SMTP id bf13so6083167pgb.11 for ; Mon, 11 Jul 2022 17:01:35 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20210112; h=mime-version:references:in-reply-to:from:date:message-id:subject:to :cc; bh=lJgYBr/UNy/fpRcei0QDgYowVQrYPO7T9HzjvgeuWn8=; b=ZAMTH3bXs52EsDMC6zSM96b1kgguuPx7IUus7jIrxxbKmMqa3NkDActSqcikTWrLkt HHQXf7Pm+UNnXrvhGwDktvg0TiYvFWig3rqVvVWajj4OamadTX/b2YlrjWSxlTeSsenj yPQCvJit57dCMZ7pie2GkgcOMj4GJBvAePZayrsWvNEtx/adepxEWiCwRcTe9IYRxqYA 2zHKmSl5W0YBJPmc2Gx6Hhp6YHFDysIGaaNqQ96H44B2d8rl47o/w8jj3iR110jJCzka mjLdfK5aO2jXfnQ0r5z28NXb2WxwmRmVGpb9ZPK1o6oq9KWsRQFi7610SuTfdke/jXsN djeg== 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:cc; bh=lJgYBr/UNy/fpRcei0QDgYowVQrYPO7T9HzjvgeuWn8=; b=d6oUbIjqGkkqvhp2J9sIMqnCYRSORNOkO+aEsWwmIt1cpoLc9iJzGPap5jKtkh+ylm ARJhdfPP+FM4LsDokyVLDLynqsRXpxV9MdMT6raS7CYsI+1dLMj1npMBYpzCAFbTlvJq x+JpS7JxcOmB216FpLEon8lReObkEHZwV7gNJDY8ToPaWYCM1ZC5pnce3ln+eqVWBlt4 /SbuDLmAPPemt+dfhrDMwlZ54WZwGWqXOLojD0n4H7hxC6l6xmfiO7ZDI4IoCOtC3vyM 0ztXL2M1i5giHBfPntvscgfPkyn6coAns9KmI6x7+jFVpcBbotY7JMumDzKVvaxWzOVX iuIw== X-Gm-Message-State: AJIora+uIp4CTp3cgkRJEdFkohXTjeWWiiuTGwl3KAEW17QFxXT9pLQb XDoLFSc7i/+aInYfWmG0hGbveqmVkmrgH+QD00e9Asf9mdS6ig== X-Google-Smtp-Source: AGRyM1sfLoe+uWE2KA9PTC1BhiJZmzxGjvgh87+eMDzIzH9vGkLfsxSPB3fPrV2oTtTTdfTdmVrWWwGJAuGhTaE8dx0= X-Received: by 2002:a63:fc16:0:b0:415:18c4:75a7 with SMTP id j22-20020a63fc16000000b0041518c475a7mr17733842pgi.351.1657584095380; Mon, 11 Jul 2022 17:01:35 -0700 (PDT) MIME-Version: 1.0 References: In-Reply-To: From: James MacWhyte Date: Tue, 12 Jul 2022 02:01:09 +0200 Message-ID: To: Peter Todd Content-Type: multipart/alternative; boundary="00000000000030ca0805e3905f23" Cc: Bitcoin Protocol Discussion 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 00:01:37 -0000 --00000000000030ca0805e3905f23 Content-Type: text/plain; charset="UTF-8" On Tue, Jul 12, 2022 at 12:26 AM Peter Todd wrote: > Anyway, designing protocols for "price go up forever" hopium is a bad idea. > I'm quite disappointed that this is what you've reduced my argument to. The price doesn't need hopium; if it stays between where it is now and the all time high, that is enough to make mining rewards appealing. Anyway, once the LA dinner rush ends at 8PM it is already noon in Tokyo. The Pacific is big, but not *that* big. Certainly we should be designing protocols in anticipation of increased adoption, and not assuming the world will always be exactly as it is today? --00000000000030ca0805e3905f23 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable

On Tue, Jul 12, 2022 at 12:26 AM Peter To= dd <pete@petertodd.org> wro= te:
Anyway, desi= gning protocols for "price go up forever" hopium is a bad idea.

I'm quite disappointed that this is = what you've reduced my argument to. The price doesn't need hopium; = if it stays between where it is now and the all time high, that is enough t= o make mining rewards appealing.

Anyway, once = the LA dinner rush ends at 8PM it is already noon in Tokyo. The Pacific is = big, but not *that* big.

Certainly we should be designing protocols = in anticipation of increased adoption, and not assuming the world will alwa= ys be exactly as it is today?
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