From: Peter Todd <pete@petertodd•org>
To: Mike Hearn <mike@plan99•net>, Tamas Blummer <tamas@bitsofproof•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Bitcoind-in-background mode for SPV wallets
Date: Thu, 10 Apr 2014 05:47:41 -0400 [thread overview]
Message-ID: <6aee3847-d03a-44b6-9277-679e6fd5e54b@email.android.com> (raw)
In-Reply-To: <CANEZrP1ELraedzEpME6E8s7kXy57RKtr6667_Ke7cvhvcc9W0Q@mail.gmail.com>
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On 10 April 2014 05:17:28 GMT-04:00, Mike Hearn <mike@plan99•net> wrote:
>>
>> I find it is odd that we who hold the key to instant machine to
>machine
>> micro payments do not use it to incentivise committing resources to
>the
>> network.
>>
>
>It's not a new idea, obviously, but there are some practical
>consequences:
You're both missing a more important issue: a core security assumption of bitcoin is that information is so easy to spread that censorship of it becomes impractical. If we're at the point where nodes are charging for their data we've failed that assumption.
More concretely, if my business is charging for block chain data and I can make a profit doing so via micro payments I have perverse incentives to drive away my competitors. If I give a peer a whole block they can sell access to that information in turn. Why would I make it easy for them if I don't have too?
Anyway, much of this discussion seems to stem from the misconception that contributing back to the network is a binary all or nothing thing - it's not. Over a year ago I myself was lamenting how I and the other "bitcoin-wizards" working on scalability had quickly solved every scaling problem *but* how to make it possible to scale up and keep mining decentralised.
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next prev parent reply other threads:[~2014-04-10 9:47 UTC|newest]
Thread overview: 59+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-09 15:29 Wladimir
2014-04-09 15:37 ` Tamas Blummer
2014-04-09 15:41 ` Natanael
2014-04-09 15:54 ` Gregory Maxwell
2014-04-09 16:09 ` Thomas Voegtlin
2014-04-09 19:25 ` Wladimir
2014-04-10 6:04 ` Tamas Blummer
2014-04-10 11:09 ` Wladimir
2014-04-10 11:29 ` Mike Hearn
2014-04-10 11:32 ` Pieter Wuille
2014-04-10 11:43 ` Peter Todd
2014-04-10 11:50 ` Gregory Maxwell
2014-04-10 11:54 ` Peter Todd
2014-04-10 17:30 ` Tier Nolan
2014-04-11 16:54 ` Gregory Maxwell
2014-05-04 21:11 ` Tier Nolan
2014-04-09 17:31 ` Wladimir
2014-04-09 15:42 ` Brian Hoffman
2014-04-09 15:57 ` Gregory Maxwell
2014-04-09 16:09 ` Tamas Blummer
2014-04-09 15:47 ` Mark Friedenbach
2014-04-09 16:27 ` Tamas Blummer
2014-04-09 17:46 ` Peter Todd
2014-04-09 17:50 ` Tamas Blummer
2014-04-09 18:00 ` Mike Hearn
2014-04-09 18:19 ` Wladimir
2014-04-09 18:35 ` Justus Ranvier
2014-04-09 18:46 ` Wladimir
2014-04-09 18:50 ` Gregory Maxwell
2014-04-09 18:58 ` Justus Ranvier
2014-04-09 19:33 ` Gregory Maxwell
2014-04-09 20:12 ` slush
2014-04-09 20:31 ` slush
2014-04-09 20:36 ` Mark Friedenbach
2014-04-09 21:04 ` Gregory Maxwell
2014-04-09 20:37 ` Wladimir
2014-04-09 20:35 ` Wladimir
2014-04-09 20:50 ` slush
2014-04-09 20:55 ` Laszlo Hanyecz
2014-04-10 6:38 ` Mike Hearn
2014-04-10 6:50 ` Wladimir
2014-04-10 7:09 ` Mike Hearn
2014-04-10 9:33 ` Peter Todd
2014-04-10 7:10 ` Tamas Blummer
2014-04-10 9:17 ` Mike Hearn
2014-04-10 9:39 ` Tamas Blummer
2014-04-10 10:40 ` Mike Hearn
2014-04-10 10:44 ` Tamas Blummer
2014-04-10 11:36 ` Peter Todd
2014-04-10 11:45 ` Mike Hearn
2014-04-10 11:52 ` Peter Todd
2014-04-10 9:47 ` Peter Todd [this message]
2014-04-09 18:04 ` Peter Todd
[not found] ` <CA+s+GJBpvqqu=XEojyekx5su+JfYLwz+zsbo8L0=5t6s-_b33w@mail.gmail.com>
2014-04-09 17:35 ` [Bitcoin-development] Fwd: " Wladimir
2014-04-09 16:03 ` [Bitcoin-development] " Peter Todd
2014-04-09 17:33 ` Alex Mizrahi
2014-04-09 17:38 ` Wladimir
2014-04-09 17:38 ` Peter Todd
2014-04-09 18:35 ` Kevin
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