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Mon, 11 Jul 2022 18:26:34 -0400 (EDT) Received: by localhost (Postfix, from userid 1000) id EF0375F7C1; Mon, 11 Jul 2022 18:26:31 -0400 (EDT) Date: Mon, 11 Jul 2022 18:26:31 -0400 From: Peter Todd To: James MacWhyte , Bitcoin Protocol Discussion Message-ID: References: MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha512; protocol="application/pgp-signature"; boundary="a3/JDGtCKNRC+HnC" Content-Disposition: inline In-Reply-To: Subject: Re: [bitcoin-dev] Security problems with relying on transaction fees for security 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, 11 Jul 2022 22:26:39 -0000 --a3/JDGtCKNRC+HnC Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Tue, Jul 12, 2022 at 12:19:06AM +0200, James MacWhyte via bitcoin-dev wr= ote: > I think many of these discussions about the loss of the mining reward are > fatally shortsighted. >=20 > It's always daytime somewhere--when you talk about volume dropping at > night, that simply means there is not enough activity outside the US. If > Bitcoin continues its rise in price, mining rewards will still be > substantial for decades to come. Given another 10 years, I'm fairly > confident there will be enough adoption worldwide to make mining profitab= le > around the clock, even if the mining reward were minimal. Earth's population is extremely uneven over the earths surface, and the pac= ific ocean is enormous and sparsely populated: https://earthsky.org/earth/99-percent-worlds-population-receive-sunlight/ Anyway, designing protocols for "price go up forever" hopium is a bad idea. --=20 https://petertodd.org 'peter'[:-1]@petertodd.org --a3/JDGtCKNRC+HnC Content-Type: application/pgp-signature; name="signature.asc" -----BEGIN PGP SIGNATURE----- iQIzBAEBCgAdFiEE0RcYcKRzsEwFZ3N5Lly11TVRLzcFAmLMo5UACgkQLly11TVR Lzf6FxAAjCvPbNhSuu6z55rpM+Yj1+nLk1KRGfcvY21IW2iv5rQEAywl+/9lhtJO RxERv+3Me7WXJVZwtHf+0iRwTxPgqwdasPcKs4kyLGVyEuK5gYsgKDrgu/4aV12q j19clXpgk2L7rXW8fS/htzJ+29EFbhvgalJ/RxgSfnkM2Y2Jhd0jOfnf8fg3bcr6 vG+djHzDTuulg2DL8yggAbhFCPlXdwPUHcja6i2lO930xKUmc+Dkwc0LbC673eA+ xPlk/IEWtzH7OOnK/yrdpSzoV/9+KlfQ/afgVugVHjZXclWvbSOl5d+l08CY3ZaQ wySUoTTOzJXVjlUFsyNXiyR6nQ146cx9t5WfKEIjfbObO2QyRAUIsrisiWxhGVy8 NxvxTeYm+/9WUm36gD0sIaioPDIqIIQpDxZFg18zdwhYBEaRexliIy5tsKRT5/mu XY1Ykz7cUpa2+9IVj5v3Xs0QCwlpFRuASTm8J7fAs+dKdm5bWbjUmXTCdhVcmj7v EE0BwnQRIzmjBYuAZxzKwLusbjiL6m8ato4nZ2rW640PFyz7dR881BBCdlha0l+B Ki+Iz29MfUXBlWKmm16XC0RyX50iSrBwIuHZmBgekjsEfU9pE3Lf/4m6/cf9TU1S Vz+zB9xe8Hp3HazfGzynH8qX6BHj3Wdi5M69EF28Ewj+SnwvPZY= =iLUt -----END PGP SIGNATURE----- --a3/JDGtCKNRC+HnC--