Why Nostr? What is Njump?
2023-06-07 15:22:46
in reply to

Lawrence Nahum [ARCHIVE] on Nostr: šŸ“… Original date posted:2014-06-16 šŸ“ Original message:Mike Hearn <mike <at> ...

šŸ“… Original date posted:2014-06-16
šŸ“ Original message:Mike Hearn <mike <at> plan99.net> writes:

> As long as miners stick to Satoshi's first seen rule, which is the
default, it's useful:
>
>
> https://bitcointalk.org/index.php?topic=423.msg3819#msg3819
>
>
>
>
> (this is the famous "snack machine" thread from 2010)
>
> If they decide to change to something like highest-fee-always-wins, then
they (again) centralise things by forcing all instant transactions to pay
GreenAddress and its competitors money - much though I like your product
Lawrence, let's hope they don't collectively lemming us all off a cliff by
doing that ;)


I assume we can't enforce to miners rules about which tx will go in and
which won't and therefore whether this will cause more or less double
spends.


I mean, you can try but I would rather have to option to pick an third party
instant provider explicitly than enforce bigger rules on mining which would
IMHO lead to implicit centralization.
Author Public Key
npub1q96r67z2pgf6zg3t7zkxd77fdgzz8euhwazmkdh4adrlrlt40unqnw5u98