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From: Erik Aronesty <erik@q32.com>
Date: Tue, 12 Jul 2022 07:57:40 -0400
Message-ID: <CAJowKgKM7B6UY-dNNTym7GAPS_dZ0dnMUPFJe-bSssKqt=zL5Q@mail.gmail.com>
To: Peter <dizzle@pointbiz.com>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Security problems with relying on transaction
fees for security
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>
> we can expect mining to transition to a public service from the current
> for-profit business model
>
I get it now
Game theory would predict all of the major players mining in the future
will be large holders
If you're holding a hundred Bitcoin you should take one, sell it for mining
equipment and use it to ensure the rest is stable
I guess that's perfectly reasonable
Yeah I'm on board with the idea that this is a non-issue
Interested parties will continue to maintain the security of the chain with
the same basic game theoretic stuff
Bitcoin doesn't need a security budget
Existing holders have the ability the means and the incentive to secure
their funds
Probably the only thing Bitcoiners should do is to advertise this rather
than to make it some sort of secret
>
--000000000000e8178f05e39a606a
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto"><div class=3D"gmail_quote" dir=3D"auto"><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex"><div>=C2=A0we can expect mining to transition to a public ser=
vice from the current for-profit business model</div><div dir=3D"auto"></di=
v></blockquote></div><div dir=3D"auto"><br></div><div dir=3D"auto">I get it=
now=C2=A0</div><div dir=3D"auto"><br></div><div dir=3D"auto">Game theory w=
ould predict all of the major players mining in the future will be large ho=
lders</div><div dir=3D"auto"><br></div><div dir=3D"auto">If you're hold=
ing a hundred Bitcoin you should take one, sell it for mining equipment and=
use it=C2=A0 to ensure the rest is stable</div><div dir=3D"auto"><br></div=
><div dir=3D"auto">I guess that's perfectly reasonable</div><div dir=3D=
"auto"><br></div><div dir=3D"auto">Yeah I'm on board with the idea that=
this is a non-issue</div><div dir=3D"auto"><br></div><div dir=3D"auto">Int=
erested parties will continue to maintain the security of the chain with th=
e same basic game theoretic stuff</div><div dir=3D"auto"><br></div><div dir=
=3D"auto">Bitcoin doesn't need a security budget</div><div dir=3D"auto"=
><br></div><div dir=3D"auto">Existing holders have the ability the means an=
d the incentive to secure their funds</div><div dir=3D"auto"><br></div><div=
dir=3D"auto">Probably the only thing Bitcoiners should do is to advertise =
this rather than to make it some sort of secret</div><div dir=3D"auto"><br>=
</div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"a=
uto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div=
dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br><=
/div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"au=
to"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div =
dir=3D"auto"><br></div><div class=3D"gmail_quote" dir=3D"auto"><blockquote =
class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid=
;padding-left:1ex"><div dir=3D"auto"><br></div></blockquote></div></div>
--000000000000e8178f05e39a606a--
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