📅 Original date posted:2015-08-05
📝 Original message:On 5 August 2015 at 12:51, Hector Chu <hectorchu at gmail.com> wrote:
> The market I am thinking of would be open to all, not just miners. But
> miners would probably be best placed to profit from such a market, as it is
> their business to know about the revenue/costs tradeoff.
This prediction market in block-size seems like something extremely
complex to operate and keep secure in a decentralised fashion. There
are several experimental projects right now trying to figure out how
to do this securely, using blockchain ideas, but it is early days for
those projects.
We also have no particular reason to suppose other than
meta-incentive, that it should result in a secure parameter set.
I suspect that, while it is interesting in the abstract, it risks
converting a complex security problem into an even more complex one,
rather than constituting an incremental security improvement which is
more the context of day to day discussions here.
Adam
Adam Back [ARCHIVE] /
npub1ac…lswfj
2023-06-07 17:32:52
in reply to nevent1q…w0vn
Author Public Key
npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjPublished at
2023-06-07 17:32:52Event JSON
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"content": "📅 Original date posted:2015-08-05\n📝 Original message:On 5 August 2015 at 12:51, Hector Chu \u003chectorchu at gmail.com\u003e wrote:\n\u003e The market I am thinking of would be open to all, not just miners. But\n\u003e miners would probably be best placed to profit from such a market, as it is\n\u003e their business to know about the revenue/costs tradeoff.\n\nThis prediction market in block-size seems like something extremely\ncomplex to operate and keep secure in a decentralised fashion. There\nare several experimental projects right now trying to figure out how\nto do this securely, using blockchain ideas, but it is early days for\nthose projects.\n\nWe also have no particular reason to suppose other than\nmeta-incentive, that it should result in a secure parameter set.\n\nI suspect that, while it is interesting in the abstract, it risks\nconverting a complex security problem into an even more complex one,\nrather than constituting an incremental security improvement which is\nmore the context of day to day discussions here.\n\nAdam",
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