From: Jameson Lopp <jameson.lopp@gmail•com>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Coinbase reallocation to discourage Finney attacks
Date: Wed, 30 Apr 2014 13:13:50 -0400 [thread overview]
Message-ID: <53612F4E.80708@gmail.com> (raw)
In-Reply-To: <20140430170638.GE3180@nl.grid.coop>
Perhaps I missed it somewhere, but I don't recall it ever being a goal of Bitcoin to act as a stable long-term store of value.
- Jameson
On 04/30/2014 01:06 PM, Troy Benjegerdes wrote:
> On Wed, Apr 30, 2014 at 11:00:06PM +1000, Gareth Williams wrote:
>> On 30/04/14 00:13, Mike Hearn wrote:
>>> I do think we need to move beyond this idea of Bitcoin being some kind
>>> of elegant embodiment of natural mathematical law. It just ain't so.
>>
>> I haven't seen anybody arguing that it is.
>>
>> Bitcoin is the elegant embodiment of /artificially contrived/
>> mathematical rules, which just so happen to be very useful in their
>> current configuration :-P
>>
>> Nobody is saying those rules are immutable. Just that it isn't sensible
>> to undermine them by introducing imprecise and unpredictable elements
>> like human politics.
>
> As an end-user of Bitcoin, the whole possible value of a set of mathematical
> rules has become completely trashed by the imprecise and unpredictable behavior
> of buyers and sellers.
>
> If the rules are not responsive to real human needs, bitcoin is worthless
> as a long-term store of value because **my idea of value** changes over time.
> This implies, in my mind, an absolutely requirement to attempt to gather
> some useful signal from the human political noise.
>
> How do you determine what that signal is, so you can **change the rules**
> and the mathematics so it makes more sense?
>
> You've got to deal with politics, one way or another.
>
>
next prev parent reply other threads:[~2014-04-30 17:14 UTC|newest]
Thread overview: 90+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-23 7:55 Mike Hearn
2014-04-23 9:57 ` Andy Parkins
2014-04-23 11:07 ` Mike Hearn
2014-04-23 11:39 ` Andy Parkins
2014-04-23 11:45 ` Mike Hearn
2014-04-23 13:21 ` Andy Parkins
2014-04-23 13:31 ` Mike Hearn
2014-04-24 9:21 ` Andy Parkins
2014-04-23 12:43 ` Christophe Biocca
2014-04-23 12:51 ` Mike Hearn
2014-04-23 14:52 ` Justus Ranvier
2014-04-23 15:07 ` Mike Hearn
2014-04-23 17:19 ` Justus Ranvier
2014-04-23 17:47 ` Gavin Andresen
2014-04-23 17:49 ` Justus Ranvier
2014-04-23 17:57 ` Mike Hearn
2014-04-23 18:04 ` Justus Ranvier
2014-04-23 18:15 ` Peter Todd
2014-04-23 18:20 ` Justus Ranvier
2014-04-23 18:37 ` Mike Hearn
2014-04-23 18:49 ` Justus Ranvier
2014-04-23 19:01 ` Drak
2014-04-23 18:58 ` Tier Nolan
2014-04-23 15:04 ` Alex Mizrahi
2014-04-23 15:09 ` Mike Hearn
2014-04-23 15:38 ` Alex Mizrahi
2014-04-23 16:04 ` Christophe Biocca
2014-04-23 16:19 ` Chris Pacia
2014-04-23 16:21 ` Mike Hearn
2014-04-23 16:33 ` Kevin
2014-04-24 11:22 ` Jorge Timón
2014-04-24 11:43 ` Mike Hearn
2014-04-24 13:57 ` Jorge Timón
2014-04-24 14:28 ` Mike Hearn
2014-04-24 15:37 ` Jorge Timón
2014-04-24 17:07 ` Justus Ranvier
2014-04-25 4:31 ` Gareth Williams
2014-04-25 10:17 ` Mike Hearn
2014-04-25 13:19 ` Gareth Williams
2014-04-25 15:28 ` Mike Hearn
2014-04-26 12:15 ` Gareth Williams
2014-04-27 1:42 ` Christophe Biocca
2014-04-27 12:53 ` Gareth Williams
2014-04-27 14:31 ` Mike Hearn
2014-04-27 23:10 ` Gareth Williams
2014-04-28 21:41 ` Adam Back
2014-04-29 14:13 ` Mike Hearn
2014-04-29 14:21 ` Gregory Maxwell
2014-04-29 14:26 ` Mike Hearn
2014-04-30 13:12 ` Gareth Williams
2014-04-30 13:55 ` Mike Hearn
2014-04-30 14:31 ` Gareth Williams
2014-04-29 19:29 ` Justus Ranvier
2014-04-30 13:00 ` Gareth Williams
2014-04-30 17:06 ` Troy Benjegerdes
2014-04-30 17:13 ` Jameson Lopp [this message]
2014-04-30 14:08 ` Gareth Williams
2014-04-23 15:28 ` Peter Todd
2014-04-23 15:34 ` Kevin
2014-04-23 15:41 ` Pieter Wuille
2014-04-23 15:55 ` Peter Todd
2014-04-23 18:57 ` Gregory Maxwell
2014-04-23 19:19 ` Mike Hearn
2014-04-23 19:47 ` Gregory Maxwell
2014-04-23 19:59 ` Mike Hearn
2014-04-23 20:24 ` Gregory Maxwell
2014-04-23 20:37 ` Mike Hearn
2014-04-23 20:44 ` Adam Ritter
2014-04-23 20:51 ` Mike Hearn
2014-04-24 15:13 ` Sergio Lerner
2014-04-24 15:34 ` Mike Hearn
2014-04-23 20:53 ` Gregory Maxwell
2014-04-23 21:23 ` Tier Nolan
2014-04-23 21:39 ` Gregory Maxwell
2014-04-23 22:26 ` Tier Nolan
2014-04-24 0:55 ` Tom Harding
[not found] ` <CAKuKjyWDniyP503XSw8=tK9XQW-T58j+VD6ajXCxz=HihN93mQ@mail.gmail.com>
2014-04-24 14:52 ` [Bitcoin-development] Fwd: " Adam Ritter
2014-04-23 20:41 ` [Bitcoin-development] " Daniel Krawisz
2014-04-23 22:06 ` Alex Mizrahi
2014-04-24 7:58 ` Mike Hearn
2014-04-24 8:19 ` Gregory Maxwell
2014-04-24 8:39 ` Mike Hearn
2014-04-24 9:25 ` Gregory Maxwell
2014-04-24 9:56 ` Mike Hearn
2014-04-24 13:44 ` Peter Todd
2014-04-24 14:09 ` Mike Hearn
2014-04-24 14:47 ` Christophe Biocca
2014-04-24 15:03 ` Peter Todd
2014-04-24 16:05 ` Christophe Biocca
2014-04-24 16:14 ` Mike Hearn
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