From: jk_14@op•pl
To: Bitcoin Protocol Discussion <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary
Date: Tue, 26 Jul 2022 17:44:55 +0200 [thread overview]
Message-ID: <164899369-e86a243515589da95e0ee1512644068d@pmq7v.m5r2.onet> (raw)
In-Reply-To: <CAJowKgKCUZwMLMhmp8tdZLZRKDjmjkdfWey+pkSm5-tw66ZFYg@mail.gmail.com>
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"large holders who perform zero transactions will still mine in order to preserve the value of the network"
let me slightly modify the sentence below:
"The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why completely rational large holders might not cooperate, even if it appears that it is in their best interests to do so."
I'm pretty sure we will have a textbook case of Prisoner's Dilemma here.
Regards
Jaroslaw
W dniu 2022-07-26 10:20:38 użytkownik Erik Aronesty via bitcoin-dev <bitcoin-dev@lists•linuxfoundation.org> napisał:
even with zero block reward and minimal fees, large holders who perform zero transactions will still mine in order to preserve the value of the network
this is not "mining your own tx", it is unrelated
this is "mining at a small loss to preserve your stake"
not only don't we need issuance or fees, but also the censorship resistance is not meaningfully improved with issuance
On Mon, Jul 18, 2022 at 3:14 PM Erik Aronesty <erik@q32•com> wrote:
subsidy to directly tie miner revenue to the total value of Bitcoin
makes it not exactly how we want to incentivise a service that keeps
again, this is meaningless. if the fees aren't enough to keep bitcoin secure for large transactions, then large holders are incentivised to mine
that's it.
it's not complicated
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next prev parent reply other threads:[~2022-07-26 15:50 UTC|newest]
Thread overview: 56+ messages / expand[flat|nested] mbox.gz Atom feed top
2022-07-09 20:54 Eric Voskuil
2022-07-09 21:59 ` ZmnSCPxj
2022-07-10 14:17 ` alicexbt
2022-07-10 16:38 ` alicexbt
2022-07-10 17:29 ` Peter Todd
2022-07-10 17:27 ` Peter Todd
2022-07-10 18:12 ` vjudeu
2022-07-18 11:34 ` David A. Harding
2022-07-18 19:14 ` Erik Aronesty
2022-07-18 21:48 ` Eric Voskuil
2022-07-25 15:04 ` Erik Aronesty
2022-07-26 15:44 ` jk_14 [this message]
2022-07-26 17:05 ` Erik Aronesty
-- strict thread matches above, loose matches on Subject: below --
2022-08-19 5:34 vjudeu
2022-08-18 20:22 jk_14
2022-08-17 13:43 jk_14
2022-08-18 15:29 ` Breno Brito
2022-08-18 15:44 ` Billy Tetrud
2022-08-18 20:49 ` Erik Aronesty
2022-08-17 8:54 jk_14
2022-08-16 16:05 Peter
2022-08-19 17:21 ` aliashraf.btc At protonmail
2022-08-20 15:30 ` Billy Tetrud
2022-08-15 21:46 jk_14
2022-08-17 11:10 ` Erik Aronesty
2022-07-26 20:01 jk_14
2022-07-19 18:36 Peter
2022-07-20 14:35 ` Eric Voskuil
2022-07-10 17:42 Eric Voskuil
[not found] <mailman.80287.1657405305.8511.bitcoin-dev@lists.linuxfoundation.org>
2022-07-10 7:44 ` John Tromp
2022-07-09 22:21 Peter
2022-07-09 20:53 Eric Voskuil
2022-07-09 14:57 John Tromp
2022-07-09 15:13 ` Peter Todd
2022-07-11 18:44 ` Dave Scotese
2022-07-09 12:46 Peter Todd
2022-07-09 14:26 ` Eric Voskuil
2022-07-09 15:15 ` Peter Todd
2022-07-09 15:24 ` Eric Voskuil
2022-07-09 15:31 ` Peter Todd
2022-07-09 17:43 ` naman naman
2022-07-09 17:48 ` Peter Todd
2022-07-10 6:54 ` naman naman
2022-07-10 2:10 ` Tobin Harding
2022-07-10 7:08 ` vjudeu
2022-07-11 18:25 ` Larry Ruane
2022-07-10 10:18 ` Jacob Eliosoff
2022-07-11 2:32 ` Anthony Towns
2022-07-11 6:15 ` Stefan Richter
2022-07-11 10:42 ` Giuseppe B
2022-07-11 12:56 ` Erik Aronesty
2022-07-11 23:57 ` Anthony Towns
2022-07-13 18:29 ` Zac Greenwood
2022-07-11 16:59 ` Peter Todd
2022-07-11 17:44 ` Bram Cohen
2022-07-13 14:06 ` Alfred Hodler
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