📅 Original date posted:2015-05-07
📝 Original message:On Thu, May 7, 2015 at 10:38 AM, Justus Ranvier <justusranvier at riseup.net>
wrote:
> On 05/07/2015 04:04 PM, Jeff Garzik wrote:
> > - This is a major change to the economics of a $3.2B system. This
> > change picks winners and losers. There is attendant moral hazard.
>
> This is exactly true.
>
> There are a number of projects which aren't Bitcoin that benefit from
> filling in the gap left by Bitcoin's restricted transaction rate
> capability.
>
> If Bitcoin fills that gap, Bitcoin wins and those other projects lose.
>
> Should decisions about Bitcoin development take into account the
> desires of competing projects?
heh - I tend to think people here want bitcoin to succeed. My statement
refers to picking winners and losers from within the existing bitcoin
community & stakeholders.
The existential question of the block size increase is larger - will
failing to increase the 1MB limit permanently stunt bitcoin's growth?
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Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 15:33:30
in reply to nevent1q…9ghw
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 15:33:30Event JSON
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"content": "📅 Original date posted:2015-05-07\n📝 Original message:On Thu, May 7, 2015 at 10:38 AM, Justus Ranvier \u003cjustusranvier at riseup.net\u003e\nwrote:\n\n\u003e On 05/07/2015 04:04 PM, Jeff Garzik wrote:\n\u003e \u003e - This is a major change to the economics of a $3.2B system. This\n\u003e \u003e change picks winners and losers. There is attendant moral hazard.\n\u003e\n\u003e This is exactly true.\n\u003e\n\u003e There are a number of projects which aren't Bitcoin that benefit from\n\u003e filling in the gap left by Bitcoin's restricted transaction rate\n\u003e capability.\n\u003e\n\u003e If Bitcoin fills that gap, Bitcoin wins and those other projects lose.\n\u003e\n\u003e Should decisions about Bitcoin development take into account the\n\u003e desires of competing projects?\n\n\nheh - I tend to think people here want bitcoin to succeed. My statement\nrefers to picking winners and losers from within the existing bitcoin\ncommunity \u0026 stakeholders.\n\nThe existential question of the block size increase is larger - will\nfailing to increase the 1MB limit permanently stunt bitcoin's growth?\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150507/c23956f4/attachment.html\u003e",
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