summaryrefslogtreecommitdiff
path: root/0e/87bec733907e7c9452f01f2efca19bcd5af977
blob: f3fc5588f2873dca2704db6d2ee64ac385e67ff2 (plain)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
Return-Path: <user@petertodd.org>
Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org
	[172.17.192.35])
	by mail.linuxfoundation.org (Postfix) with ESMTPS id DC57018AC
	for <bitcoin-dev@lists.linuxfoundation.org>;
	Mon,  1 Apr 2019 01:26:22 +0000 (UTC)
X-Greylist: delayed 00:15:04 by SQLgrey-1.7.6
Received: from outmail148109.authsmtp.co.uk (outmail148109.authsmtp.co.uk
	[62.13.148.109])
	by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 3EB4B712
	for <bitcoin-dev@lists.linuxfoundation.org>;
	Mon,  1 Apr 2019 01:26:21 +0000 (UTC)
Received: from punt24.authsmtp.com (punt24.authsmtp.com [62.13.128.105])
	by punt16.authsmtp.com. (8.15.2/8.15.2) with ESMTP id x311BGHF012210
	for <bitcoin-dev@lists.linuxfoundation.org>;
	Mon, 1 Apr 2019 02:11:16 +0100 (BST)
	(envelope-from user@petertodd.org)
Received: from mail-c237.authsmtp.com (mail-c237.authsmtp.com [62.13.128.237])
	by punt24.authsmtp.com. (8.15.2/8.15.2) with ESMTP id x311BG5U037047;
	Mon, 1 Apr 2019 02:11:16 +0100 (BST)
	(envelope-from user@petertodd.org)
Received: from petertodd.org (ec2-52-5-185-120.compute-1.amazonaws.com
	[52.5.185.120]) (authenticated bits=0)
	by mail.authsmtp.com (8.15.2/8.15.2) with ESMTPSA id x311BEEg075885
	(version=TLSv1.2 cipher=DHE-RSA-AES256-GCM-SHA384 bits=256 verify=NO); 
	Mon, 1 Apr 2019 02:11:15 +0100 (BST)
	(envelope-from user@petertodd.org)
Received: from [127.0.0.1] (localhost [127.0.0.1])
	by petertodd.org (Postfix) with ESMTPSA id 077064014B;
	Mon,  1 Apr 2019 01:11:14 +0000 (UTC)
Received: by localhost (Postfix, from userid 1000)
	id C901020168; Sun, 31 Mar 2019 21:11:12 -0400 (EDT)
Date: Sun, 31 Mar 2019 21:11:12 -0400
From: Peter Todd <pete@petertodd.org>
To: Luke Dashjr <luke@dashjr.org>,
	Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <20190401011112.6icdkyjocf4qh5oz@petertodd.org>
References: <201904010030.34825.luke@dashjr.org>
MIME-Version: 1.0
Content-Type: multipart/signed; micalg=pgp-sha256;
	protocol="application/pgp-signature"; boundary="qfxamz7lcjktjai7"
Content-Disposition: inline
In-Reply-To: <201904010030.34825.luke@dashjr.org>
User-Agent: NeoMutt/20170113 (1.7.2)
X-Server-Quench: 0c3aecd7-541b-11e9-960e-8434971169dc
X-AuthReport-Spam: If SPAM / abuse - report it at:
	http://www.authsmtp.com/abuse
X-AuthRoute: OCd2Yg0TA1ZIVwkA IjsJECJaVQIpKltL GxAVKBZePFsRUQkR
	aAdMdgMUGUUGAgsB Am8bW1ZeUVx7WGY7 bghPaBtcak9QXgdq
	T0pMXVMcXAZpAG50 c0keVRx6fwAIfHh4 ZQhiDXMKCRcuclt4
	Rk8GCGwHMG59YWYf BV1QcwBQeQRLfxlM PgMxNiYHcQ5VPz4z
	GA41ejw8IwAXEyNb Xg8KN1FaWVwMBjkn ThRKEzI1VUgEQSQ2
	MhluMkQdF0tZNUt6 fQZ5WholCDNVIDF1 dwAA
X-Authentic-SMTP: 61633532353630.1024:706
X-AuthFastPath: 0 (Was 255)
X-AuthVirus-Status: No virus detected - but ensure you scan with your own
	anti-virus system.
X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,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
X-Mailman-Approved-At: Mon, 01 Apr 2019 02:47:07 +0000
Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k
	USD/BTC
X-BeenThere: bitcoin-dev@lists.linuxfoundation.org
X-Mailman-Version: 2.1.12
Precedence: list
List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org>
List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>,
	<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe>
List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/>
List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org>
List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help>
List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>,
	<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe>
X-List-Received-Date: Mon, 01 Apr 2019 01:26:23 -0000


--qfxamz7lcjktjai7
Content-Type: text/plain; charset=us-ascii
Content-Disposition: inline
Content-Transfer-Encoding: quoted-printable

On Mon, Apr 01, 2019 at 12:30:34AM +0000, Luke Dashjr via bitcoin-dev wrote:
> Certain parts of the community have been selling bitcoins for unreasonably
> low prices. This has halted Bitcoin's valuation at $20k and even driven t=
he
> price down below $15k! However, clearly Bitcoin is worth much more than
> that, and there is widespread support for higher prices.
>=20
> In light of this, I have written and implemented two BIPs: one to add a
> signed price field to Bitcoin transactions, and the other to softfork a
> minimum price of $50k USD/BTC a year from today.

I believe I've found a serious vulnerability in your proposal: there's no l=
imit
on the maximum supply of USD.

--=20
https://petertodd.org 'peter'[:-1]@petertodd.org

--qfxamz7lcjktjai7
Content-Type: application/pgp-signature; name="signature.asc"

-----BEGIN PGP SIGNATURE-----

iQEzBAEBCAAdFiEEFcyURjhyM68BBPYTJIFAPaXwkfsFAlyhZSwACgkQJIFAPaXw
kft4wgf/SREIRsiG5KN6OyEuG8FYQqQAT3GYdla3U17puDJWkF3q1Uus5k8BTU92
H5XT6Ud+xw+rbqpEq/oBIH6iNg90qgF6KaYPalrmoIQB1KB9+Fgs3rPKt5Cj1x5q
N0zv5icsR8ZJfTxOZ1/0G+rfgxOSa+R2jJJD6hN1uP0swo+FT4ggLDi77OZNxLkz
qBjI2a1OZQCAtQpr9r6qHc16bw7yw8C4SNEBAYD5pBhjB2VZWoe/AvJ3CJyhaKnM
Ccu/A57XnKkoZrp0xyEabf1wF5JGeXnhvT1B6Y+1bewnlxUcpxMYNewWEl3vvXCK
h2wK9ICZlfLo1G87j7xYvJglwh2eXQ==
=egqI
-----END PGP SIGNATURE-----

--qfxamz7lcjktjai7--