From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp4.osuosl.org (smtp4.osuosl.org [140.211.166.137]) by lists.linuxfoundation.org (Postfix) with ESMTP id C7668C002D for ; Mon, 18 Jul 2022 19:14:28 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp4.osuosl.org (Postfix) with ESMTP id 933934160D for ; Mon, 18 Jul 2022 19:14:28 +0000 (UTC) DKIM-Filter: OpenDKIM Filter v2.11.0 smtp4.osuosl.org 933934160D Authentication-Results: smtp4.osuosl.org; dkim=pass (2048-bit key) header.d=q32-com.20210112.gappssmtp.com header.i=@q32-com.20210112.gappssmtp.com header.a=rsa-sha256 header.s=20210112 header.b=U6GTNiy/ X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -1.399 X-Spam-Level: X-Spam-Status: No, score=-1.399 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, FREEMAIL_FORGED_FROMDOMAIN=0.25, FREEMAIL_FROM=0.001, HEADER_FROM_DIFFERENT_DOMAINS=0.249, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=no autolearn_force=no Received: from smtp4.osuosl.org ([127.0.0.1]) by localhost (smtp4.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id Z1x5SoJfG6jZ for ; Mon, 18 Jul 2022 19:14:27 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 DKIM-Filter: OpenDKIM Filter v2.11.0 smtp4.osuosl.org 8EA8F4160B Received: from mail-yb1-xb31.google.com (mail-yb1-xb31.google.com [IPv6:2607:f8b0:4864:20::b31]) by smtp4.osuosl.org (Postfix) with ESMTPS id 8EA8F4160B for ; Mon, 18 Jul 2022 19:14:27 +0000 (UTC) Received: by mail-yb1-xb31.google.com with SMTP id j67so26445ybb.3 for ; Mon, 18 Jul 2022 12:14:27 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=q32-com.20210112.gappssmtp.com; s=20210112; h=mime-version:references:in-reply-to:from:date:message-id:subject:to :cc; bh=erqoEULLmaqw9v9/9Sigjp5nGB1CWl1zQFkPu8XQ2Sk=; b=U6GTNiy/lee8vMD1UF4wLeuYfjRjsyXghzuCAbuZAFZ8LOq+x2mX4p69+I9542JZzL nbdk+TViIFY8DwAfcPiFMqa3vf0SyNKGAUQKqFxZI+aKWymJJQMxHiEGGhxKIqq7pX84 GHR6S6fq6oGa59l+jtH+iODrLedy67nLwUsljkRTN3QQiNnKK91A7ZND6Cc+DbqkLgnB PNY1B/DoJ7gBjcpo+4vUPmOc2/3vG43QvkgNtP2Sn5PNDI4UBNf/Rut4mLWZc+3M9/m4 g6ptjXZifWBdsT3Hb5JodYLj5vn+n5TgG69S1rXTl0+osDEzNdZNQHVAJoeE6JcyAIc6 jY/g== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20210112; h=x-gm-message-state:mime-version:references:in-reply-to:from:date :message-id:subject:to:cc; bh=erqoEULLmaqw9v9/9Sigjp5nGB1CWl1zQFkPu8XQ2Sk=; b=QZeuKBxh2J/H/gZqvs+2ZwVtvNq4mX6mRJPg981ARSzV4CK7s7KCBs6gck63j8Lh+4 +Qr4fenEEjIPRpkFO/aGGZSebEw8oWd5Zv+hlCAtLvA7s9+9AGEcFggjSbvld6sA0jVh XtjWE8JvC/rW4mGBfYAXsfeKYDtk2sEe1zlsJTcTQ6E4y0k8TuUp9QyHgZiDiygh0J5P y8C10vOT58kVWKxx64+VzY9DpqbPL7xg0dgkzGGN1ZQobqfN/8xPTkg4ByAwJxUSFoHD kHL3T3Xifr8gQhmLrOT6ijW5ZxCQUuGpai3hFco3C5NDvqUVVbp7k2VgtjA/TKy6ssnz guEA== X-Gm-Message-State: AJIora9Veh6ullGJJvxTJvQVDO0rbZ4NLCotjVNqLX4J/RRWI3zzr0vt VVBBpBX78uTb8bL8ivEP7823A4M3VGpY51HQFygzLJis5gxn X-Google-Smtp-Source: AGRyM1uXufvlNl5EXrmotTkWoGDneP44pSsat1iEjfxPcS330EANWxBcZTOmrvm2I4HnEnyWSsFzsHfC/NBv27X6WRM= X-Received: by 2002:a25:5f12:0:b0:66e:3035:5613 with SMTP id t18-20020a255f12000000b0066e30355613mr27902931ybb.15.1658171666341; Mon, 18 Jul 2022 12:14:26 -0700 (PDT) MIME-Version: 1.0 References: <6xuj-ljJ9hvME-TIgWHmfPpad4aJ-1zTYSH1NBuFL_gi-6hJHMayWLEAhcEyw_lqmkR24ee8uMIAH6n4TDguk_5fJ8och99Em3m5y1R6brE=@protonmail.com> <08a53f48e81f1da06bd688e524ae4ec7@dtrt.org> In-Reply-To: <08a53f48e81f1da06bd688e524ae4ec7@dtrt.org> From: Erik Aronesty Date: Mon, 18 Jul 2022 15:14:15 -0400 Message-ID: To: "David A. Harding" , Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="00000000000026228605e4192d41" X-Mailman-Approved-At: Mon, 18 Jul 2022 21:14:30 +0000 Subject: Re: [bitcoin-dev] Surprisingly, Tail Emission Is Not Inflationary X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 18 Jul 2022 19:14:28 -0000 --00000000000026228605e4192d41 Content-Type: text/plain; charset="UTF-8" > > > subsidy to directly tie miner revenue to the total value of Bitcoin > makes it not exactly how we want to incentivise a service that keeps > > again, this is meaningless. if the fees aren't enough to keep bitcoin secure for large transactions, then large holders are incentivised to mine that's it. it's not complicated --00000000000026228605e4192d41 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable

subsidy to directly tie miner revenue to the total v= alue of Bitcoin
makes it not exactly how we want to incentivise a service that keeps

again, this is meaningless.=C2=A0 =C2=A0= if the fees aren't enough=C2=A0to keep=C2=A0 bitcoin secure for large t= ransactions, then large holders are incentivised to mine

that's it.

it's not complicated
--00000000000026228605e4192d41--