Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-3.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1VePLB-0003Nm-C1 for bitcoin-development@lists.sourceforge.net; Thu, 07 Nov 2013 13:09:41 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of petertodd.org designates 62.13.148.161 as permitted sender) client-ip=62.13.148.161; envelope-from=pete@petertodd.org; helo=outmail148161.authsmtp.com; Received: from outmail148161.authsmtp.com ([62.13.148.161]) by sog-mx-3.v43.ch3.sourceforge.com with esmtp (Exim 4.76) id 1VePL9-0006la-75 for bitcoin-development@lists.sourceforge.net; Thu, 07 Nov 2013 13:09:41 +0000 Received: from mail-c235.authsmtp.com (mail-c235.authsmtp.com [62.13.128.235]) by punt6.authsmtp.com (8.14.2/8.14.2) with ESMTP id rA7D9UZ6014443; Thu, 7 Nov 2013 13:09:30 GMT Received: from savin (76-10-178-109.dsl.teksavvy.com [76.10.178.109]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id rA7D9LCJ021808 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO); Thu, 7 Nov 2013 13:09:23 GMT Date: Thu, 7 Nov 2013 08:09:20 -0500 From: Peter Todd To: Kyle Jerviss Message-ID: <20131107130920.GA22476@savin> References: <5279D49D.5050807@jerviss.org> <20131107034404.GA5140@savin> <527B13EC.7020708@jerviss.org> <20131107043310.GA30788@savin> <527B1E30.9090800@jerviss.org> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="3V7upXqbjpZ4EhLz" Content-Disposition: inline In-Reply-To: <527B1E30.9090800@jerviss.org> User-Agent: Mutt/1.5.21 (2010-09-15) X-Server-Quench: d2c9f146-47ad-11e3-b802-002590a15da7 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aAdMdgUUFloCAgsB AmUbWldeUFR7W2c7 bAxPbAVDY01GQQRq WVdMSlVNFUsqcBt1 D2JtKBlwdg1GcDB4 YE5hECRZD00sdEJ7 X0pTRDkbZGY1a31N WEBaagNUcgZDfk5E bwQuUz1vNG8XDQg5 AwQ0PjZ0MThBJSBS WgQAK04nCVkGVjU1 QVgLGTFnB0ABTjV7 KRs5Qmv9 X-Authentic-SMTP: 61633532353630.1023:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 76.10.178.109/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. 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[URIs: petertodd.org] X-Headers-End: 1VePL9-0006la-75 Cc: Bitcoin Dev Subject: Re: [Bitcoin-development] we can all relax now X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 07 Nov 2013 13:09:41 -0000 --3V7upXqbjpZ4EhLz Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Wed, Nov 06, 2013 at 10:59:28PM -0600, Kyle Jerviss wrote: > Each block that you solve has a reward. In practice, some blocks > will be orphaned, so the expected reward is slightly less than the > nominal reward. Each second that you delay publishing a block, the > expected reward drops somewhat. You don't understand how to read papers. A good author will state his assumptions. For instance my third paragraph read: Now in a purely inflation subsidy environment, where I don't care about the other miners success, of course I should publish. However, if my goals are to find *more* blocks than the other miners for whatever reason, maybe because transaction fees matter or I'm trying to get nLockTime'd announce/commit fee sacrifices, it gets more complicated. Now that you understand the assumptions made, you can attack the paper in one of two ways: 1) Show it's wrong. 2) Show its assumptions make it irrelevant. You've done neither. --=20 'peter'[:-1]@petertodd.org 0000000000000006d61eb32f3643aa30c2f9647e4e758af84b03abc43f09959f --3V7upXqbjpZ4EhLz Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.12 (GNU/Linux) iQGrBAEBCACVBQJSe5D/XhSAAAAAABUAQGJsb2NraGFzaEBiaXRjb2luLm9yZzAw MDAwMDAwMDAwMDAwMDdiZDkzNmYxOWUzM2JjOGI4ZjliYjFmNGMwMTNiODYzZWY2 MGE3ZjVhNmE1ZDIxMTIvFIAAAAAAFQARcGthLWFkZHJlc3NAZ251cGcub3JncGV0 ZUBwZXRlcnRvZC5vcmcACgkQJIFAPaXwkfvfbgf/UOzR7AtryD0z0c8QMQb2zDAV lfLWtIUvplXX5uGDPJkMdmG9LSLUuNQavEic5OgaoLpTQuS66VOVK9GiWLRGCk6n ql2C9uLi29+wCWnjuMA+JpcqO+vsmjzueZSHJ0vY/mnKbXRxQ18zhmQ332kHdsCb aRJ+YzOimLvTs92mS4QFViFFbAS3wLN36ESy9GeOSvu8hjuqGRuwG5FNixOK5qZW oO42AOtltq3gZvZBB/SYW+SwivcxHKCpVbIXD+CzOvvKrxMohK5/f5bzwGPB7OsM fjt5muyJorsl6404S1ZVgevTQakN47rgXQh4/TEv4i2tzOZ61TA6afgkUgA/cQ== =OJhK -----END PGP SIGNATURE----- --3V7upXqbjpZ4EhLz--