From: Troy Benjegerdes <hozer@hozed•org>
To: Mark Friedenbach <mark@monetize•io>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Handling miner adoption gracefully for embedded consensus systems via double-spending/replace-by-fee
Date: Tue, 25 Mar 2014 17:10:54 -0500 [thread overview]
Message-ID: <20140325221054.GA3180@nl.grid.coop> (raw)
In-Reply-To: <53309C2A.4040406@monetize.io>
On Mon, Mar 24, 2014 at 01:57:14PM -0700, Mark Friedenbach wrote:
> On 03/24/2014 01:34 PM, Troy Benjegerdes wrote:
> > I'm here because I want to sell corn for bitcoin, and I believe it will be
> > more profitable for me to do that with a bitcoin-blockchain-based system
> > in which I have the capability to audit the code that executes the trade.
>
> A discussion over such a system would be on-topic. Indeed I have made my
> own proposals for systems with that capability in the past:
>
> http://sourceforge.net/p/bitcoin/mailman/message/31322676/
>
> There's no reason to invoke alts however. There are ways where this can
> be done within the bitcoin ecosystem, using bitcoins:
>
> http://sourceforge.net/p/bitcoin/mailman/message/32108143/
>
> > I think that's fair, so long as we limit bitcoin-development discussion to
> > issues that are relevant to the owners of the hashrate and companies that
> > pay developer salaries.
> >
> > What I'm asking for is some honesty that Bitcoin is a centralized system
> > and to stop arguing technical points on the altar of distributed/decentralized
> > whatever. It's pretty clear if you want decentralized you should go with
> > altchains.
>
> Bitcoin is not a centralized system, and neither is its development. I
> don't even know how to respond to that. Bringing up altchains is a total
> red herring.
>
> This is *bitcoin*-development. Please don't make it have to become a
> moderated mailing list.
When I can pick up a miner at Best Buy and pay it off in 9 months I'll
agree with you that bitcoin *might* be decentralized. Maybe there's a
chance this *will* happen eventually, but right now we have a couple of
mining cartels that control most of the hashrate.
There are plenty of interesting alt-hash-chains for which mass produced,
general purpose (or gpgpu-purpose) hardware exists and is in high volume
mass production.
next prev parent reply other threads:[~2014-03-25 22:11 UTC|newest]
Thread overview: 36+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-03-22 8:47 Peter Todd
2014-03-22 13:53 ` Jorge Timón
2014-03-22 19:34 ` Peter Todd
2014-03-22 20:12 ` Jorge Timón
2014-03-23 23:17 ` Troy Benjegerdes
2014-03-23 23:53 ` Mark Friedenbach
2014-03-24 20:34 ` Troy Benjegerdes
2014-03-24 20:57 ` Mark Friedenbach
2014-03-25 22:10 ` Troy Benjegerdes [this message]
2014-03-26 1:09 ` kjj
2014-03-22 15:08 ` Troy Benjegerdes
2014-03-22 17:04 ` Mark Friedenbach
2014-03-22 19:08 ` Peter Todd
2014-03-23 22:37 ` Troy Benjegerdes
[not found] ` <532DE7E6.4050304@monetize.io>
2014-03-25 12:28 ` [Bitcoin-development] Tree-chains preliminary summary Peter Todd
2014-03-25 12:45 ` Gavin Andresen
2014-03-25 13:49 ` Peter Todd
2014-03-25 15:20 ` Mike Hearn
2014-03-25 16:47 ` Peter Todd
2014-03-25 17:37 ` Jeff Garzik
2014-03-25 18:02 ` Alan Reiner
2014-03-25 18:13 ` slush
2014-03-25 19:47 ` Peter Todd
2014-03-25 21:41 ` Troy Benjegerdes
2014-03-25 20:40 ` Ricardo Filipe
2014-03-25 22:00 ` Troy Benjegerdes
2014-03-26 10:58 ` Peter Todd
2014-03-25 12:50 ` Peter Todd
2014-03-25 21:03 ` Mark Friedenbach
2014-03-25 22:34 ` Gregory Maxwell
2014-03-27 16:14 ` Jorge Timón
2014-03-28 15:10 ` Troy Benjegerdes
2014-04-17 21:41 ` Tier Nolan
2014-03-26 10:48 ` Peter Todd
2014-08-03 17:23 ` Gregory Sanders
2014-03-24 21:17 ` [Bitcoin-development] Handling miner adoption gracefully for embedded consensus systems via double-spending/replace-by-fee Luke-Jr
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