From: Jeff Garzik <jgarzik@bitpay•com>
To: Mike Hearn <mike@plan99•net>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Proposed BIP 70 extension
Date: Tue, 24 Jun 2014 10:21:46 -0400 [thread overview]
Message-ID: <CAJHLa0Omiz+UhGjSKgYU7+b2YY7aN23w7o8CQntqMePFs7LkjA@mail.gmail.com> (raw)
In-Reply-To: <CANEZrP3iyQ9zQ+hDnooxrjdBO+_Fj+nAkK1Skgk+Gb4gkidPhQ@mail.gmail.com>
On Tue, Jun 24, 2014 at 9:27 AM, Mike Hearn <mike@plan99•net> wrote:
> Wallets would then be able to persist this data to disk and compete on cool visualisations for how much money you saved over time.
heh, this is a cool idea.
It also seems like it would be subject to instant inflation, as it's
unprovable, and a rational economic actor may choose to exaggerate
such numbers. It also seems collectively rational by some points of
view for all bitcoin actors to inflate this number.
At a minimum, I would either add "marketing_" to the field name
itself, or include additional comment caveats noting in BOLD language
that this field is informational, and should not be relied upon for
accounting/auditing purposes.
It just seems like a statistic that everyone has an incentive to exaggerate.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
next prev parent reply other threads:[~2014-06-24 14:22 UTC|newest]
Thread overview: 20+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-06-24 13:27 Mike Hearn
2014-06-24 14:21 ` Jeff Garzik [this message]
2014-06-24 14:24 ` Mike Hearn
2014-06-24 14:32 ` slush
2014-06-24 15:06 ` Mike Hearn
2014-06-24 15:15 ` Gmail
2014-06-24 15:48 ` Jeff Garzik
2014-06-24 19:00 ` Gmail
2014-06-24 19:34 ` Andy Alness
2014-06-24 20:12 ` Gavin Andresen
2014-06-24 20:28 ` Gmail
2014-06-25 8:25 ` Mike Hearn
2014-06-25 13:33 ` Jorge Timón
2014-06-25 18:10 ` Jeff Garzik
2014-06-25 14:15 ` slush
2014-06-25 16:03 ` Gmail
2014-06-24 18:34 ` Roy Badami
2014-06-24 15:43 ` Andreas Schildbach
2014-06-24 15:59 ` Mike Hearn
2014-06-24 17:37 ` Drak
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