From: Gregory Maxwell <gmaxwell@gmail•com>
To: Bitcoin Development <bitcoin-development@lists•sourceforge.net>
Subject: [Bitcoin-development] Fwd: death by halving
Date: Tue, 28 Oct 2014 20:36:22 +0000 [thread overview]
Message-ID: <CAAS2fgRjwg_XyvzHbMhmaiW85LmmsW3YiXHyhpKMHd2a03pH2Q@mail.gmail.com> (raw)
In-Reply-To: <CAAS2fgSiz-XRVQ4V+KbrTUWG4=g=WGf8c-pF4b4fFnfyU9HOqQ@mail.gmail.com>
On Tue, Oct 28, 2014 at 8:17 PM, Ferdinando M. Ametrano
<ferdinando.ametrano@gmail•com> wrote:
>
> On Oct 25, 2014 9:19 PM, "Gavin Andresen" <gavinandresen@gmail•com> wrote:
> > We had a halving, and it was a non-event.
> > Is there some reason to believe next time will be different?
>
> In november 2008 bitcoin was a much younger ecosystem,
Or very old, indeed, if you are using unsigned arithmetic. [...]
> and the halving happened during a quite stable positive price trend
Hardly,
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2012-10-01zeg2012-12-01ztgSzm1g10zm2g25zv
> Moreover, halving is not strictly necessary to respect the spirit of Nakamoto's monetary rule
It isn't, but many people have performed planning around the current
behaviour. The current behaviour has also not shown itself to be
problematic (and we've actually experienced its largest effect already
without incident), and there are arguable benefits like encouraging
investment in mining infrastructure.
This thread is, in my opinion, a waste of time. It's yet again
another perennial bikeshedding proposal brought up many times since at
least 2011, suggesting random changes for
non-existing(/not-yet-existing) issues.
There is a lot more complexity to the system than the subsidy schedule.
next prev parent reply other threads:[~2014-10-28 20:36 UTC|newest]
Thread overview: 29+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-10-25 18:06 [Bitcoin-development] " Alex Mizrahi
2014-10-25 18:12 ` Jeff Garzik
2014-10-25 18:22 ` Alex Mizrahi
2014-10-25 18:31 ` Jeff Garzik
2014-10-25 19:08 ` Alex Mizrahi
2014-10-25 19:16 ` Gavin Andresen
2014-10-25 19:53 ` Alex Mizrahi
2014-10-25 21:50 ` Melvin Carvalho
2014-10-28 20:17 ` Ferdinando M. Ametrano
[not found] ` <CAAS2fgSiz-XRVQ4V+KbrTUWG4=g=WGf8c-pF4b4fFnfyU9HOqQ@mail.gmail.com>
2014-10-28 20:36 ` Gregory Maxwell [this message]
2014-10-28 20:57 ` [Bitcoin-development] Fwd: " Alex Mizrahi
2014-10-28 21:19 ` Jérémie Dubois-Lacoste
2014-10-28 21:43 ` Gregory Maxwell
2014-10-28 22:43 ` Ferdinando M. Ametrano
2014-10-29 14:34 ` [Bitcoin-development] Death by halving (pro-active proposals) Sergio Lerner
2014-10-29 17:25 ` Jeff Garzik
2014-10-28 21:23 ` [Bitcoin-development] Fwd: death by halving Ferdinando M. Ametrano
2014-10-28 21:34 ` Neil
2014-10-28 21:44 ` Ferdinando M. Ametrano
2014-10-28 22:00 ` Thomas Zander
2014-10-28 22:38 ` Ferdinando M. Ametrano
2014-10-28 21:57 ` Christophe Biocca
2014-10-25 20:27 ` [Bitcoin-development] " Adam Back
2014-10-25 20:43 ` Thomas Zander
2014-10-25 20:28 ` Thomas Zander
2014-10-25 20:49 ` Alex Mizrahi
2014-10-25 21:51 ` Alexander Leishman
2014-10-25 22:10 ` Ross Nicoll
2014-10-25 22:42 ` Melvin Carvalho
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