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From: Allen Piscitello <allen.piscitello@gmail.com>
To: Monarch <monarch@cock.li>
Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Your Gmaxwell exchange
Date: Mon, 31 Aug 2015 16:24:13 -0500	[thread overview]
Message-ID: <CAJfRnm4kwHkBLUUOmfzViUwsdAf3LYSTruvHw9+-RbgxSMHLRg@mail.gmail.com> (raw)
In-Reply-To: <e786da226b8e9cfaad335454b299ffd5@cock.li>

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Even so, decentralization is a means to an end - not an end-goal.  It is
essential for Bitcoin to be a useful alternative, of course.

On Mon, Aug 31, 2015 at 3:48 PM, Monarch via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> On 2015-08-31 20:27, Justus Ranvier wrote:
>
>> You don't understand what value proof of work provides, or what features
>> differentiate good money from poor money, and you can't make a
>> defensible statement of Bitcoin's value proposition.
>>
>> Because you can't do these things, you assume nobody else can do them
>> either and therefore the only way for Bitcoin to survive is to sweep the
>> problem under the rug and distract users with a word that means nothing
>> (and therefore means whatever the observer wants it to mean).
>>
>> This is not a strategy that can be successful in the long term.
>>
>
>
> Proof of work is probabilistic transaction ordering (and timestamping
> by extension), the only perceivable value in it is that it is
> decentralized. If you don't have that set as a requirement there are
> plenty of companies around who will act as a time stamping notary for
> you, just as there are many cloud services around to host the SQL-
> based Bitcoin replacement.
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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  reply	other threads:[~2015-08-31 21:24 UTC|newest]

Thread overview: 35+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-08-31 20:06 [bitcoin-dev] Your Gmaxwell exchange Monarch
2015-08-31 20:27 ` Justus Ranvier
2015-08-31 20:48   ` Monarch
2015-08-31 21:24     ` Allen Piscitello [this message]
2015-08-31 21:42       ` Monarch
2015-08-31 21:54         ` Justus Ranvier
2015-08-31 22:53           ` Monarch
2015-08-31 23:24             ` Justus Ranvier
2015-09-01  0:02             ` Milly Bitcoin
2015-09-01  9:25           ` Jorge Timón
2015-08-31 23:32       ` Peter R
2015-08-31 23:47         ` s7r
2015-09-01  2:16           ` [bitcoin-dev] Let's kill Bitcoin Core and allow the green shoots of a garden of new implementations to grow from its fertile ashes Peter R
2015-09-01  2:25             ` Gregory Maxwell
2015-09-01  8:42             ` Adam Back
2015-09-01 10:16               ` Chris D'Costa
2015-09-01 11:20                 ` Monarch
2015-09-01 12:24             ` Wladimir
2015-09-01 22:06             ` s7r
2015-09-01 11:44           ` [bitcoin-dev] Your Gmaxwell exchange Monarch
2015-09-01 11:11         ` Monarch
2015-09-01 15:59           ` Dave Collins
2015-09-01 16:51             ` Monarch
2015-09-01 18:37               ` Eric Voskuil
2015-09-01 20:08                 ` Monarch
     [not found] <CAEgR2PFB3h_8fr=d8HegRSD0XdooimhFKtLR4vKr2QXv+EwBfQ@mail.gmail.com>
     [not found] ` <AD284610-4F40-445C-A074-CC94EDFFCBA8@gmx.com>
2015-08-30  3:25   ` Gregory Maxwell
2015-08-30  4:13     ` Peter R
2015-08-30  4:57       ` Gregory Maxwell
2015-08-30  6:38         ` Adam Ritter
2015-08-31 18:55           ` Justus Ranvier
2015-08-31 19:11             ` Mike Hearn
2015-09-01 20:29             ` Wladimir J. van der Laan
2015-09-02 18:51               ` Justus Ranvier
2015-09-01  2:30           ` Oliver Petruzel
2015-08-30  7:41         ` Peter R

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