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From: Troy Benjegerdes <hozer@hozed.org>
To: Gareth Williams <gacrux@gmail.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Coinbase reallocation to discourage Finney attacks
Date: Wed, 30 Apr 2014 12:06:38 -0500	[thread overview]
Message-ID: <20140430170638.GE3180@nl.grid.coop> (raw)
In-Reply-To: <5360F3D6.4040002@gmail.com>

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.


-- 
----------------------------------------------------------------------------
Troy Benjegerdes                 'da hozer'                  hozer@hozed.org
7 elements      earth::water::air::fire::mind::spirit::soul        grid.coop

      Never pick a fight with someone who buys ink by the barrel,
         nor try buy a hacker who makes money by the megahash




  reply	other threads:[~2014-04-30 17:06 UTC|newest]

Thread overview: 90+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-04-23  7:55 [Bitcoin-development] Coinbase reallocation to discourage Finney attacks 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 [this message]
2014-04-30 17:13                                   ` Jameson Lopp
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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