📅 Original date posted:2017-03-29
📝 Original message:On Wednesday, 29 March 2017 14:48:42 CEST Martin Stolze wrote:
> Your
> conception holds under the presupposition that all action of
> hash-power is motivated by 'rational' economic interest.
This shows you didn't think this through,
instead, the concept holds true when there is even a small section of hash
power motivated by rational economic interest.
Your claim that it has to be 100% of the miners that need to be honest is
something I already addressed in the previous email when I wrote its a
distributed system.
Since this is an open market, the requirement of a secton of miners being
honest is pretty trivial to fulful, especially since Bitcoins are worth
quite a lot which makes greed be the main cause of honest miners.
This is the best part, greedy miners are the ones that end up working inside
the system.
This is very quickly going off-topic. I suggest you to take it to a
different forum where more people can explain Bitcoin without spamming the
dev list.
--
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel
Tom Zander [ARCHIVE] /
npub1mj…dxnq7
2023-06-07 17:57:29
in reply to nevent1q…n83l
Author Public Key
npub1mju50kqcm07heu967fkq6h4kq666xgekc4yrldf7q52xx9vr8jnsrdxnq7Seen on
wss://relay.noswhere.comPublished at
2023-06-07 17:57:29Event JSON
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"content": "📅 Original date posted:2017-03-29\n📝 Original message:On Wednesday, 29 March 2017 14:48:42 CEST Martin Stolze wrote:\n\u003e Your\n\u003e conception holds under the presupposition that all action of\n\u003e hash-power is motivated by 'rational' economic interest.\n\nThis shows you didn't think this through,\n\ninstead, the concept holds true when there is even a small section of hash \npower motivated by rational economic interest.\n\nYour claim that it has to be 100% of the miners that need to be honest is \nsomething I already addressed in the previous email when I wrote its a \ndistributed system.\n\nSince this is an open market, the requirement of a secton of miners being \nhonest is pretty trivial to fulful, especially since Bitcoins are worth \nquite a lot which makes greed be the main cause of honest miners.\n\nThis is the best part, greedy miners are the ones that end up working inside \nthe system.\n\nThis is very quickly going off-topic. I suggest you to take it to a \ndifferent forum where more people can explain Bitcoin without spamming the \ndev list.\n-- \nTom Zander\nBlog: https://zander.github.io\nVlog: https://vimeo.com/channels/tomscryptochannel",
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