Re: [Bitcoin-development] Monetary Authority for Bitcoin

[Allen Piscitello <allen.piscitello@gmail.com>]

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I've got a better idea.  Ben Bernake needs a new job.  Let's just let him
set the block reward.


On Mon, Dec 9, 2013 at 5:23 PM, Jameson Lopp <jameson.lopp@gmail.com> wrote:

> To piggyback on Jeff,
>
> Any proposal that is going to add reliance upon data from third parties
> outside of the Bitcoin network itself is likely going to be rejected
> outright. This opens far too many potential vulnerabilities.
>
> "The exchanges that are kept track of could be hard coded into Bitcoin
> or the miner could choose, how this works is not something I'm
> personally focused on."
>
> Yeah... you can't just gloss over a little detail like that. There must
> be consensus between the miners, otherwise a solved block will be
> rejected by a miner's peers.
> --
> Jameson Lopp
> Software Engineer
> Bronto Software, Inc
>
> On 12/09/2013 06:10 PM, Jeff Garzik wrote:
> > On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni <ryan.jc.pc@gmail.com>
> wrote:
> >> It is not a violation of the trust of those holding the currency. Many
> >> people bought Bitcoin in the hopes that it's value in the relation of
> other
> >> currencies will increase, not because there's a fixed money supply. The
> >> majority of people using Bitcoin as a currency in exchange for real
> goods
> >> are using the exchanges.
> >
> > Your proposal has been met with widespread laughter.  Were I not ill
> > with the flu, mockery would ensue as well.
> >
>
>
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