📅 Original date posted:2015-06-30
📝 Original message:On 06/30/2015 02:54 PM, Adam Back wrote:
> Decentralisation is key to Bitcoin's security model, and it's
> differentiating properties.
Continually repeating this statement without defining terms or providing
evidence does not make it true or informative.
"Decentralization" is a popular buzzword these days, but how about
stating the problem description in a way that is more precise and accurate?
One of Bitcoin's differentiating properties is that it prevents double
spending without using a trusted third party.
Now instead of arguing about some nebulous "decentralization" that
nobody can define or measure, we can talk about more helpful questions like:
Under what circumstances will miners and/or nodes behave as a trusted
third party (collusion)?
What incentives exist which increase, and which reduce, any tendencies
that may exist for nodes to collude?
In what ways specifically does MAX_BLOCK_SIZE relate to either of the
following questions?
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Justus Ranvier [ARCHIVE] /
npub1k2…9qd6m
2023-06-07 15:41:20
in reply to nevent1q…ehrv
Author Public Key
npub1k2eekmevs6gg60df75qpjw4a2atmy89vx28c8zqq5jxy64tuzrws39qd6mPublished at
2023-06-07 15:41:20Event JSON
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"content": "📅 Original date posted:2015-06-30\n📝 Original message:On 06/30/2015 02:54 PM, Adam Back wrote:\n\u003e Decentralisation is key to Bitcoin's security model, and it's\n\u003e differentiating properties.\n\nContinually repeating this statement without defining terms or providing\nevidence does not make it true or informative.\n\n\"Decentralization\" is a popular buzzword these days, but how about\nstating the problem description in a way that is more precise and accurate?\n\nOne of Bitcoin's differentiating properties is that it prevents double\nspending without using a trusted third party.\n\nNow instead of arguing about some nebulous \"decentralization\" that\nnobody can define or measure, we can talk about more helpful questions like:\n\nUnder what circumstances will miners and/or nodes behave as a trusted\nthird party (collusion)?\n\nWhat incentives exist which increase, and which reduce, any tendencies\nthat may exist for nodes to collude?\n\nIn what ways specifically does MAX_BLOCK_SIZE relate to either of the\nfollowing questions?\n\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: 0xEAD9E623.asc\nType: application/pgp-keys\nSize: 18381 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150630/6fb56178/attachment-0001.bin\u003e\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 801 bytes\nDesc: OpenPGP digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150630/6fb56178/attachment-0001.sig\u003e",
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