📅 Original date posted:2014-04-23
📝 Original message:> And it still would. Non-collusive miners cast votes based on the outcome
> of their own attempts to double spend.
>
Individually rational strategy is to vote for coinbase reallocation on
every block.
Yes, in that case nobody will get reward. It is similar to prisoner's
dilemma: equilibrium has worst pay-off.
In practice that would mean that simple game-theoretic models are no longer
applicable, as they lead to absurd results.
> I'm using it in the same sense Satoshi used it. Honest miners work to
> prevent double spends. That's the entire justification for their existence.
> Miners that are deliberately trying to double spend are worse than useless.
>
Miners work to get rewards.
It absolutely doesn't matter whether they are deliberately trying to
double-spend or not: they won't be able to double-spend without a collusion.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140423/94b5255c/attachment.html>;
Alex Mizrahi [ARCHIVE] /
npub1sw…pul5t
2023-06-07 15:19:33
in reply to nevent1q…ta8p
Author Public Key
npub1swfeusu3ua9trup00qcnrgc2yndksyvgku4epk5tec7u4fmrez6qxpul5tSeen on
wss://relay.noswhere.comPublished at
2023-06-07 15:19:33Event JSON
{
"id": "a9c506554ea61bca6e6e1af1f5d8bbcaab2b34bdc50fc6e0c696d23fe4fa9a40",
"pubkey": "83939e4391e74ab1f02f783131a30a24db681188b72b90da8bce3dcaa763c8b4",
"created_at": 1686151173,
"kind": 1,
"tags": [
[
"e",
"5090665aad23a77b012135979db1e16bc811db23aa511d1ac7d17a56045795a8",
"",
"root"
],
[
"e",
"b1a1951c452d02837aa8b322bf80c38cc47704bd88478b8fb4c15b02ac1e2879",
"",
"reply"
],
[
"p",
"f2c95df3766562e3b96b79a0254881c59e8639f23987846961cf55412a77f6f2"
]
],
"content": "📅 Original date posted:2014-04-23\n📝 Original message:\u003e And it still would. Non-collusive miners cast votes based on the outcome\n\u003e of their own attempts to double spend.\n\u003e\n\nIndividually rational strategy is to vote for coinbase reallocation on\nevery block.\n\nYes, in that case nobody will get reward. It is similar to prisoner's\ndilemma: equilibrium has worst pay-off.\nIn practice that would mean that simple game-theoretic models are no longer\napplicable, as they lead to absurd results.\n\n\n\u003e I'm using it in the same sense Satoshi used it. Honest miners work to\n\u003e prevent double spends. That's the entire justification for their existence.\n\u003e Miners that are deliberately trying to double spend are worse than useless.\n\u003e\n\nMiners work to get rewards.\nIt absolutely doesn't matter whether they are deliberately trying to\ndouble-spend or not: they won't be able to double-spend without a collusion.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140423/94b5255c/attachment.html\u003e",
"sig": "f26bd0ef6ca3b0ab0892eabca20e87c97f736395a07ff9842fbfc42a148f3f5da876d68873adcd625aa373be40275321659aef15242233ed931cb8f80138ec3e"
}