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From: James MacWhyte <macwhyte@gmail.com>
Date: Tue, 12 Jul 2022 02:01:09 +0200
Message-ID: <CAH+Axy46g=BDwgDMcs6afWqHiOEBCGo1VXUedC7qQYdJBBx8jQ@mail.gmail.com>
To: Peter Todd <pete@petertodd.org>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Security problems with relying on transaction
 fees for security
Precedence: list

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On Tue, Jul 12, 2022 at 12:26 AM Peter Todd <pete@petertodd.org> 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?

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<div dir=3D"ltr"><div dir=3D"ltr"><br></div><div class=3D"gmail_quote"><div=
 dir=3D"ltr" class=3D"gmail_attr">On Tue, Jul 12, 2022 at 12:26 AM Peter To=
dd &lt;<a href=3D"mailto:pete@petertodd.org">pete@petertodd.org</a>&gt; wro=
te:<br></div><blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px =
0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Anyway, desi=
gning protocols for &quot;price go up forever&quot; hopium is a bad idea.<b=
r></blockquote><div><br></div><div>I&#39;m quite disappointed that this is =
what you&#39;ve reduced my argument to. The price doesn&#39;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.<br></div><div><br></div><div>Anyway, once =
the LA dinner rush ends at 8PM it is already noon in Tokyo. The Pacific is =
big, but not *that* big.<br><br>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?</div></div></div>

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