š
Original date posted:2014-04-29
š Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
On 04/29/2014 02:13 PM, Mike Hearn wrote:
> I do think we need to move beyond this idea of Bitcoin being some
> kind of elegant embodiment of natural mathematical law. It just
> ain't so.
>
I think everybody understands that Bitcoin has a positive net present
value exactly because it, unlike every other digital currency which
came before, does not include a feature that allows for balances to be
confiscated. Implementing any such feature, to any degree at all,
would render Bitcoin completely valueless.
There are two possibilities here:
If you understand this, then your proposal is a malicious attempt to
undermine Bitcoin.
If you don't understand this then you suffer from a very serious case
of economic illiteracy, a case so bad that your continued
participation in Bitcoin represents a clear and present danger to all
Bitcoin users. If you can't even get the easy questions right, then
god help us all if you're ever faced with a difficult one.
I don't have enough evidence to distinguish between the incompetence
hypothesis and the malice hypothesis, but it doesn't matter.
Regardless of your abilities or motives your proposal is unacceptable.
If you want a currency where miners can vote to steal from other
miners then implement it in Hearncoin and leave Bitcoin alone.
- --
Support online privacy by using email encryption whenever possible.
Learn how here: http://www.youtube.com/watch?v=bakOKJFtB-k
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Justus Ranvier [ARCHIVE] /
npub1k2ā¦9qd6m
2023-06-07 15:19:41
in reply to nevent1qā¦q7xm
Author Public Key
npub1k2eekmevs6gg60df75qpjw4a2atmy89vx28c8zqq5jxy64tuzrws39qd6mPublished at
2023-06-07 15:19:41Event JSON
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Original date posted:2014-04-29\nš Original message:-----BEGIN PGP SIGNED MESSAGE-----\nHash: SHA1\n\nOn 04/29/2014 02:13 PM, Mike Hearn wrote:\n\u003e I do think we need to move beyond this idea of Bitcoin being some\n\u003e kind of elegant embodiment of natural mathematical law. It just\n\u003e ain't so.\n\u003e \n\nI think everybody understands that Bitcoin has a positive net present\nvalue exactly because it, unlike every other digital currency which\ncame before, does not include a feature that allows for balances to be\nconfiscated. Implementing any such feature, to any degree at all,\nwould render Bitcoin completely valueless.\n\nThere are two possibilities here:\n\nIf you understand this, then your proposal is a malicious attempt to\nundermine Bitcoin.\n\nIf you don't understand this then you suffer from a very serious case\nof economic illiteracy, a case so bad that your continued\nparticipation in Bitcoin represents a clear and present danger to all\nBitcoin users. If you can't even get the easy questions right, then\ngod help us all if you're ever faced with a difficult one.\n\nI don't have enough evidence to distinguish between the incompetence\nhypothesis and the malice hypothesis, but it doesn't matter.\nRegardless of your abilities or motives your proposal is unacceptable.\nIf you want a currency where miners can vote to steal from other\nminers then implement it in Hearncoin and leave Bitcoin alone.\n\n\n- -- \nSupport online privacy by using email encryption whenever possible.\nLearn how here: http://www.youtube.com/watch?v=bakOKJFtB-k\n-----BEGIN PGP SIGNATURE-----\nVersion: GnuPG v2.0.22 (GNU/Linux)\nComment: Using GnuPG with Thunderbird - http://www.enigmail.net/\n\niQEcBAEBAgAGBQJTX/2dAAoJECoisBQbQ4v0jAoH/R1oNZ1tVp6DJ5BuPg0ZTav0\nDvzq8EfX/uRbRgmxotCHMwY6FJCoXqJTLyOnl2p670t7l5ZXqd91MdKKP2z7jYPY\nGsVbqfGreF0dWKCd0mKTG5DM8pxndNWteGIsw9/sYvY/3p2Vopzp6N7fpl8TEf6p\n2nyIzEqTD4aK5QkhM+sNnP1Cyh/l5AjJTES23GqSQIMG6vzLgqE8kyze+ANFVg1U\nyka6bz4DX7DO7meyJyyOFaMJu6mgY+m6dSVaR7j/QmQMu22SwlSiPgqe6iO//os3\nzcmwe/x4+5CmqJOO/PL5Or28iw/Qdf6vNePiaEIFtBzoKnHBhS2nAtL6jnOL928=\n=4yIu\n-----END PGP SIGNATURE-----\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: 0x1B438BF4.asc\nType: application/pgp-keys\nSize: 21678 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140429/b00469ee/attachment.bin\u003e",
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