Re: [Bitcoin-development] replace-by-fee v0.10.0rc4

[Justus Ranvier <justusranvier@riseup.net>]

[-- Attachment #1: Type: text/plain, Size: 1949 bytes --]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

On 02/12/2015 03:20 PM, Natanael wrote:
> Multisignature notaries need to convince people to select them.
> They want to know that even with collateral, their funds won't be
> temporarily locked up and unspendable for days at a time.
> 
> What services would miners provide here, do you think?
> 
>> Well, sure. It's the same model governments use and is why being
>> a money
> transmitter in the USA is so difficult: you need to put up large
> sums of money as collateral and have your fingerprints taken 48
> times. Then you can start advertising to get customers!
> 
> Obviously you need to have collateral to provide collateral. Can't
> make cryptographic verifiable guarantees if you don't have the
> resources to back them.

tl;dr: Bitcoin users aren't getting very excited about somebody's pet
hub-and-spoke project, so they decide to distribute a patch that will
change Bitcoin's behavior such that people are forced to adopt them.

Scorched earth, indeed.

- -- 
Support online privacy by using email encryption whenever possible.
Learn how here: http://www.youtube.com/watch?v=bakOKJFtB-k
-----BEGIN PGP SIGNATURE-----
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=hna5
-----END PGP SIGNATURE-----

[-- Attachment #2: 0xEAD9E623.asc --]
[-- Type: application/pgp-keys, Size: 14416 bytes --]