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Date: Mon, 9 Dec 2013 19:16:18 -0600
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Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Monetary Authority for Bitcoin
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I've got a better idea. Ben Bernake needs a new job. Let's just let him
set the block reward.
On Mon, Dec 9, 2013 at 5:23 PM, Jameson Lopp <jameson.lopp@gmail.com> wrote:
> To piggyback on Jeff,
>
> Any proposal that is going to add reliance upon data from third parties
> outside of the Bitcoin network itself is likely going to be rejected
> outright. This opens far too many potential vulnerabilities.
>
> "The exchanges that are kept track of could be hard coded into Bitcoin
> or the miner could choose, how this works is not something I'm
> personally focused on."
>
> Yeah... you can't just gloss over a little detail like that. There must
> be consensus between the miners, otherwise a solved block will be
> rejected by a miner's peers.
> --
> Jameson Lopp
> Software Engineer
> Bronto Software, Inc
>
> On 12/09/2013 06:10 PM, Jeff Garzik wrote:
> > On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni <ryan.jc.pc@gmail.com>
> wrote:
> >> It is not a violation of the trust of those holding the currency. Many
> >> people bought Bitcoin in the hopes that it's value in the relation of
> other
> >> currencies will increase, not because there's a fixed money supply. The
> >> majority of people using Bitcoin as a currency in exchange for real
> goods
> >> are using the exchanges.
> >
> > Your proposal has been met with widespread laughter. Were I not ill
> > with the flu, mockery would ensue as well.
> >
>
>
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<div dir=3D"ltr">I've got a better idea. =A0Ben Bernake needs a new job=
. =A0Let's just let him set the block reward.</div><div class=3D"gmail_=
extra"><br><br><div class=3D"gmail_quote">On Mon, Dec 9, 2013 at 5:23 PM, J=
ameson Lopp <span dir=3D"ltr"><<a href=3D"mailto:jameson.lopp@gmail.com"=
target=3D"_blank">jameson.lopp@gmail.com</a>></span> wrote:<br>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex">To piggyback on Jeff,<br>
<br>
Any proposal that is going to add reliance upon data from third parties<br>
outside of the Bitcoin network itself is likely going to be rejected<br>
outright. This opens far too many potential vulnerabilities.<br>
<div class=3D"im"><br>
"The exchanges that are kept track of could be hard coded into Bitcoin=
<br>
or the miner could choose, how this works is not something I'm<br>
personally focused on."<br>
<br>
</div>Yeah... you can't just gloss over a little detail like that. Ther=
e must<br>
be consensus between the miners, otherwise a solved block will be<br>
rejected by a miner's peers.<br>
--<br>
Jameson Lopp<br>
Software Engineer<br>
Bronto Software, Inc<br>
<div class=3D"im HOEnZb"><br>
On 12/09/2013 06:10 PM, Jeff Garzik wrote:<br>
> On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni <<a href=3D"mailto:rya=
n.jc.pc@gmail.com">ryan.jc.pc@gmail.com</a>> wrote:<br>
>> It is not a violation of the trust of those holding the currency. =
Many<br>
>> people bought Bitcoin in the hopes that it's value in the rela=
tion of other<br>
>> currencies will increase, not because there's a fixed money su=
pply. The<br>
>> majority of people using Bitcoin as a currency in exchange for rea=
l goods<br>
>> are using the exchanges.<br>
><br>
> Your proposal has been met with widespread laughter. =A0Were I not ill=
<br>
> with the flu, mockery would ensue as well.<br>
><br>
<br>
</div><div class=3D"HOEnZb"><div class=3D"h5">-----------------------------=
-------------------------------------------------<br>
Sponsored by Intel(R) XDK<br>
Develop, test and display web and hybrid apps with a single code base.<br>
Download it for free now!<br>
<a href=3D"http://pubads.g.doubleclick.net/gampad/clk?id=3D111408631&iu=
=3D/4140/ostg.clktrk" target=3D"_blank">http://pubads.g.doubleclick.net/gam=
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Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
</div></div></blockquote></div><br></div>
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