From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id AE24ABCA for ; Wed, 29 Mar 2017 13:07:37 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from mx-out02.mykolab.com (mx.kolabnow.com [95.128.36.1]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id D075DFD for ; Wed, 29 Mar 2017 13:07:36 +0000 (UTC) X-Virus-Scanned: amavisd-new at kolabnow.com X-Spam-Score: -2.9 X-Spam-Level: X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 Received: from mx03.mykolab.com (mx03.mykolab.com [10.20.7.101]) by mx-out02.mykolab.com (Postfix) with ESMTPS id CC3216175E; Wed, 29 Mar 2017 15:07:32 +0200 (CEST) From: Tom Zander To: Martin Stolze Date: Wed, 29 Mar 2017 15:10:05 +0200 Message-ID: <4920805.zy6vSeDdRr@cherry> In-Reply-To: References: <2621205.8A4FuXh9CI@strawberry> MIME-Version: 1.0 Content-Transfer-Encoding: 7Bit Content-Type: text/plain; charset="us-ascii" X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org X-Mailman-Approved-At: Wed, 29 Mar 2017 13:48:57 +0000 Cc: Bitcoin Protocol Discussion Subject: Re: [bitcoin-dev] Inquiry: Transaction Tiering X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 29 Mar 2017 13:07:37 -0000 On Wednesday, 29 March 2017 14:48:42 CEST Martin Stolze wrote: > Your > conception holds under the presupposition that all action of > hash-power is motivated by 'rational' economic interest. This shows you didn't think this through, instead, the concept holds true when there is even a small section of hash power motivated by rational economic interest. Your claim that it has to be 100% of the miners that need to be honest is something I already addressed in the previous email when I wrote its a distributed system. Since this is an open market, the requirement of a secton of miners being honest is pretty trivial to fulful, especially since Bitcoins are worth quite a lot which makes greed be the main cause of honest miners. This is the best part, greedy miners are the ones that end up working inside the system. This is very quickly going off-topic. I suggest you to take it to a different forum where more people can explain Bitcoin without spamming the dev list. -- Tom Zander Blog: https://zander.github.io Vlog: https://vimeo.com/channels/tomscryptochannel