📅 Original date posted:2015-07-31
📝 Original message:On Thu, Jul 30, 2015 at 10:55 AM, Gavin Andresen <gavinandresen at gmail.com>
wrote:
> On Thu, Jul 30, 2015 at 11:24 AM, Bryan Bishop via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
>
>> Because any decentralized system is going to have high transaction costs
>> and scarcity anyway.
>
>
> This is a meme that keeps coming up that I think just isn't true.
>
Specifically I was replying to the argument that went like "the bitcoin
system, in any of its futures with a bunch of non-zero transaction fees, is
going to be replaced by a decentralized system that can commit to
transactions that have lower or zero transaction fees, and which also
otherwise provides the same benefits as bitcoin". My reply was that
decentralized systems are going to have physical limitations that force
their solutions to look certain ways, which would do something like, for
example, explain why there were "$10 fees" in that original scenario in the
first place. Your reply does not seem to share this context?
Also, I don't mean to start a discussion about internet architecture, but
ISP peering agreements do not look particularly like a cryptographic,
decentralized system to me at all. I agree that the internet needs better
architecture. I would call the IETF about this but I think Greg would be
the one to answer or something :-). Would be sorta redundant, heh.
- Bryan
http://heybryan.org/
1 512 203 0507
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Bryan Bishop [ARCHIVE] /
npub1vt…jsjpg
2023-06-07 15:44:02
in reply to nevent1q…5rv8
Author Public Key
npub1vtwuk4rjyj6zrq3tv2z9lvdm6a7g8zujf0gz9q2vljlztdaqw36sjjsjpgPublished at
2023-06-07 15:44:02Event JSON
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"content": "📅 Original date posted:2015-07-31\n📝 Original message:On Thu, Jul 30, 2015 at 10:55 AM, Gavin Andresen \u003cgavinandresen at gmail.com\u003e\nwrote:\n\n\u003e On Thu, Jul 30, 2015 at 11:24 AM, Bryan Bishop via bitcoin-dev \u003c\n\u003e bitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e\n\u003e\u003e Because any decentralized system is going to have high transaction costs\n\u003e\u003e and scarcity anyway.\n\u003e\n\u003e\n\u003e This is a meme that keeps coming up that I think just isn't true.\n\u003e\n\nSpecifically I was replying to the argument that went like \"the bitcoin\nsystem, in any of its futures with a bunch of non-zero transaction fees, is\ngoing to be replaced by a decentralized system that can commit to\ntransactions that have lower or zero transaction fees, and which also\notherwise provides the same benefits as bitcoin\". My reply was that\ndecentralized systems are going to have physical limitations that force\ntheir solutions to look certain ways, which would do something like, for\nexample, explain why there were \"$10 fees\" in that original scenario in the\nfirst place. Your reply does not seem to share this context?\n\nAlso, I don't mean to start a discussion about internet architecture, but\nISP peering agreements do not look particularly like a cryptographic,\ndecentralized system to me at all. I agree that the internet needs better\narchitecture. I would call the IETF about this but I think Greg would be\nthe one to answer or something :-). Would be sorta redundant, heh.\n\n- Bryan\nhttp://heybryan.org/\n1 512 203 0507\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150731/de9a787c/attachment.html\u003e",
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