📅 Original date posted:2015-08-04
📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
On 08/04/2015 08:12 PM, Gavin Andresen via bitcoin-dev wrote:
> On Tue, Aug 4, 2015 at 7:27 AM, Pieter Wuille via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org
> <mailto:bitcoin-dev at lists.linuxfoundation.org>> wrote:
>
> I would say that things already demonstrately got terrible. The
> mining landscape is very centralized, with apparently a majority
> depending on agreements to trust each other's announced blocks
> without validation.
>
> And that is a problem... why?
>
> As far as I can tell,
[snip]
It's a big problem. What are you dismissing it for?
With Bitcoin in fledgling 0.x version state this is neither desirable
nor encouraging.
Development did not freeze at some time in the past and now we see how
the userbase reacts. Miners, btw, are arguibly still a class of user
as long as they are guaranteed coinbase.
When they start making and proving themselves useful in a free
floating fee market absent coinbase subsidy, we can revisit this
topic, with the benefit of hindsight.
> As Bitcoin grows, pieces of the ecosystem will specialize.
> Satoshi's original code did everything: hashing, block assembly,
> wallet, consensus, network. That is changing, and that is OK.
[snip]
>
> And I think the current "demonstrably terrible" Bitcoin system is
> still INCREDIBLY interesting.
>
Pieter never said it wasn't interesting, so this emphatic statement is
strange - like someone is trying to convince an audience - but
anyway... as you, a veritable spring-chicken by your actions and
words, said the other day: having graduated in '88 you're "old" and
speak from experience. Don't come with that jive, bossy man - bring
facts and testing to the technical list.
My finance readers, in one camp, and Bitcoin investors, in the other,
want to see the XT 8MB hard-fork testing data that you mentioned for
BIP100.
"Being ignorant is not so much a shame, as being unwilling to learn."
- - Benjamin Franklin
> -- -- Gavin Andresen
>
Venzen Khaosan
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Venzen Khaosan [ARCHIVE] /
npub1uu…r4rpf
2023-06-07 17:32:28
in reply to nevent1q…plkg
Author Public Key
npub1uu2fve28mkg68uequseraz8gee7qg64733lr9r2g4c0xs5pmqnuslr4rpfPublished at
2023-06-07 17:32:28Event JSON
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"content": "📅 Original date posted:2015-08-04\n📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----\nHash: SHA1\n\n\n\nOn 08/04/2015 08:12 PM, Gavin Andresen via bitcoin-dev wrote:\n\u003e On Tue, Aug 4, 2015 at 7:27 AM, Pieter Wuille via bitcoin-dev \n\u003e \u003cbitcoin-dev at lists.linuxfoundation.org \n\u003e \u003cmailto:bitcoin-dev at lists.linuxfoundation.org\u003e\u003e wrote:\n\u003e \n\u003e I would say that things already demonstrately got terrible. The \n\u003e mining landscape is very centralized, with apparently a majority \n\u003e depending on agreements to trust each other's announced blocks \n\u003e without validation.\n\u003e \n\u003e And that is a problem... why?\n\u003e \n\u003e As far as I can tell,\n\n[snip]\n\n\nIt's a big problem. What are you dismissing it for?\n\nWith Bitcoin in fledgling 0.x version state this is neither desirable\nnor encouraging.\n\nDevelopment did not freeze at some time in the past and now we see how\nthe userbase reacts. Miners, btw, are arguibly still a class of user\nas long as they are guaranteed coinbase.\n\nWhen they start making and proving themselves useful in a free\nfloating fee market absent coinbase subsidy, we can revisit this\ntopic, with the benefit of hindsight.\n\n\u003e As Bitcoin grows, pieces of the ecosystem will specialize.\n\u003e Satoshi's original code did everything: hashing, block assembly,\n\u003e wallet, consensus, network. That is changing, and that is OK.\n\n[snip]\n\n\u003e \n\u003e And I think the current \"demonstrably terrible\" Bitcoin system is\n\u003e still INCREDIBLY interesting.\n\u003e \nPieter never said it wasn't interesting, so this emphatic statement is\nstrange - like someone is trying to convince an audience - but\nanyway... as you, a veritable spring-chicken by your actions and\nwords, said the other day: having graduated in '88 you're \"old\" and\nspeak from experience. Don't come with that jive, bossy man - bring\nfacts and testing to the technical list.\n\nMy finance readers, in one camp, and Bitcoin investors, in the other,\nwant to see the XT 8MB hard-fork testing data that you mentioned for\nBIP100.\n\n\"Being ignorant is not so much a shame, as being unwilling to learn.\"\n- - Benjamin Franklin\n\n\u003e -- -- Gavin Andresen\n\u003e \n\nVenzen Khaosan\n-----BEGIN PGP SIGNATURE-----\nVersion: GnuPG v1\n\niQEcBAEBAgAGBQJVwMyOAAoJEGwAhlQc8H1mho4IAKEHVxE4lAs3aIoLXa2fxLP8\n3q7MhfM5vIW9QAM7rjz8YzheMg3Wj2CNfZPuUV7YDTVrLZPrIN/aMY6CIftr7GUS\npjMI9nnwezFwYX5oyRU+gW51AMFhvexV6ITZYpiLRtWHgK1FZtXWMG13eO/6Jb5U\nWjflub7suMDvg+ST2PplhQf7fFmnPHrLZg3ISDqK+hvgw20geW1rXC/wCChlewfd\nDqSt9fxqs+NIvbIzS2TgLTkIcHlbKNeI5AeqbaFoaIQtvYALD3Ojt2I/qoCJU1za\nrB8Il7UK0B5uf6xxgErGcYAHzjVpR6Zhsdzo6MiBF1j4ClfNPEQAlG49YjrRXpI=\n=4nai\n-----END PGP SIGNATURE-----",
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