From: Tom Zander <tomz@freedommail•ch>
To: Martin Stolze <martin@stolze•cc>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Inquiry: Transaction Tiering
Date: Wed, 29 Mar 2017 15:10:05 +0200 [thread overview]
Message-ID: <4920805.zy6vSeDdRr@cherry> (raw)
In-Reply-To: <CAOyfL0oQ8dKECqSdguo5NnSpdVcYMkNKT1pWC8+aGsG2HOY-0Q@mail.gmail.com>
On Wednesday, 29 March 2017 14:48:42 CEST Martin Stolze wrote:
> Your
> conception holds under the presupposition that all action of
> hash-power is motivated by 'rational' economic interest.
This shows you didn't think this through,
instead, the concept holds true when there is even a small section of hash
power motivated by rational economic interest.
Your claim that it has to be 100% of the miners that need to be honest is
something I already addressed in the previous email when I wrote its a
distributed system.
Since this is an open market, the requirement of a secton of miners being
honest is pretty trivial to fulful, especially since Bitcoins are worth
quite a lot which makes greed be the main cause of honest miners.
This is the best part, greedy miners are the ones that end up working inside
the system.
This is very quickly going off-topic. I suggest you to take it to a
different forum where more people can explain Bitcoin without spamming the
dev list.
--
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel
next prev parent reply other threads:[~2017-03-29 13:07 UTC|newest]
Thread overview: 18+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-03-20 20:12 Martin Stolze
2017-03-21 15:18 ` Tim Ruffing
2017-03-29 9:04 ` Tom Zander
2017-03-29 12:48 ` Martin Stolze
2017-03-29 13:10 ` Tom Zander [this message]
2017-03-22 17:48 Martin Stolze
2017-03-25 4:42 ` praxeology_guy
2017-03-25 17:15 ` Martin Stolze
2017-03-26 11:12 ` praxeology_guy
2017-03-26 12:11 ` greg misiorek
2017-03-27 17:18 ` Martin Stolze
[not found] ` <fFz3k0NstFYpKctCaSKDrhPnkInjW3GgQ-3FIyokzdl_SScKjXptQsn8jnW71ax_oknq9hI8gUBllYaKo_9hMiBASSJtkL6xXN_NX8tcmXw=@protonmail.com>
2017-03-27 21:11 ` Martin Stolze
2017-03-28 7:02 ` praxeology_guy
2017-03-28 19:51 ` Martin Stolze
2017-03-27 16:29 AJ West
2017-03-28 12:58 Martin Stolze
2017-03-28 14:57 ` Andrew Baine
2017-03-29 12:51 ` Martin Stolze
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