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Date: Sun, 28 Jun 2015 12:01:31 -0400
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From: Ivan Brightly <ibrightly@gmail.com>
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Subject: Re: [bitcoin-dev] The need for larger blocks
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--001a1134ecd6352fdc0519961661
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I don't think that rights are a pillar of how bitcoin works - rather I
would say it's a matter of aligned incentives. The fact is that the
majority technically *can* dictate through PoW and acceptance. The only
reason that the majority would not chose this path is because there is
greater economic value in consensus, whether perceived or realized.
If bitcoin were about "doing the right thing" there wouldn't be a need for
PoW since no individual would be incentivized to double spend.
On Sun, Jun 28, 2015 at 11:05 AM, Jorge Tim=C3=B3n <jtimon@jtimon.cc> wrote=
:
> On Sun, Jun 28, 2015 at 3:51 PM, Ivan Brightly <ibrightly@gmail.com>
> wrote:
> > On Sun, Jun 28, 2015 at 8:13 AM, Jorge Tim=C3=B3n <jtimon@jtimon.cc> wr=
ote:
> >>
> >>
> >> No, this is very important. The majority has no right to dictate on
> >> the minority.
> >
> >
> > While an interesting philosophical question, I don't think that this is
> > accurate. First off, bitcoin doesn't imbue any 'rights' on individuals
> - it
> > provides the choice of participating or not, nothing more.
>
> I think you're not contradicting me: ff there's not rights built into
> the system, the majority has no "right to dictate" anything.
>
--001a1134ecd6352fdc0519961661
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<div dir=3D"ltr">I don't think that rights are a pillar of how bitcoin =
works - rather I would say it's a matter of aligned incentives. The fac=
t is that the majority technically *can* dictate through PoW and acceptance=
. The only reason that the majority would not chose this path is because th=
ere is greater economic value in consensus, whether perceived or realized.<=
div><br></div><div>If bitcoin were about "doing the right thing" =
there wouldn't be a need for PoW since no individual would be incentivi=
zed to double spend.</div></div><div class=3D"gmail_extra"><br><div class=
=3D"gmail_quote">On Sun, Jun 28, 2015 at 11:05 AM, Jorge Tim=C3=B3n <span d=
ir=3D"ltr"><<a href=3D"mailto:jtimon@jtimon.cc" target=3D"_blank">jtimon=
@jtimon.cc</a>></span> wrote:<br><blockquote class=3D"gmail_quote" style=
=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">On Sun, =
Jun 28, 2015 at 3:51 PM, Ivan Brightly <<a href=3D"mailto:ibrightly@gmai=
l.com">ibrightly@gmail.com</a>> wrote:<br>
> On Sun, Jun 28, 2015 at 8:13 AM, Jorge Tim=C3=B3n <jtimon@jtimon.cc=
> wrote:<br>
>><br>
>><br>
>> No, this is very important. The majority has no right to dictate o=
n<br>
>> the minority.<br>
><br>
><br>
> While an interesting philosophical question, I don't think that th=
is is<br>
> accurate. First off, bitcoin doesn't imbue=C2=A0 any 'rights&#=
39; on individuals - it<br>
> provides the choice of participating or not, nothing more.<br>
<br>
I think you're not contradicting me: ff there's not rights built in=
to<br>
the system, the majority has no "right to dictate" anything.<br>
</blockquote></div><br></div>
--001a1134ecd6352fdc0519961661--
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