{"type":"rich","version":"1.0","author_name":"npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","author_url":"https://nostr.ae/npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-04-29\n📝 Original message:I do think we need to move beyond this idea of Bitcoin being some kind of\nelegant embodiment of natural mathematical law. It just ain't so.\n\nEvery time miners and nodes ignore a block that creates \u003eformula() coins\nthat's a majority vote on a controversial political matter, as evidenced by\nthe disagreement with mainstream economics and that it's one of the most\ncommon things for alt coins to change. Indeed Satoshi's chosen inflation\nformula is a highly political statement on the value of inflation - he\ncould have programmed Bitcoin to inflate forever and avoided a whole area\nof politics, but he chose not to.\n\nSo please, let's agree to accept that Bitcoin is ultimately just a piece of\nsoftware that encodes rules helping us run our little community in some\nspecific ways. It's not physics and we should believe our own hype by\npretending it is.\n\nOn Mon, Apr 28, 2014 at 11:41 PM, Adam Back \u003cadam at cypherspace.org\u003e wrote:\n\n\u003e I think the reason that it would likely work out badly is that its not\n\u003e provable, and so no consensus rule can be constructed requiring proof, so\n\u003e then it risks devolving to a political decision.\n\u003e\n\nIt's the other way around. If miners decide to fork the chain then that\nleaves no proof (beyond the old blocks, which could have been a natural\nfork - there's no way to know - and nodes don't want to keep them around\nanyway). If they explicitly vote to get the same effect but without\nactually forking, it leaves a proof in the form of the votes in the\ncoinbase that can be seen afterwards.\n\n\n\u003e Step 3: Finney attackers vote down other pools to make the point.\n\n\nIt only works if the majority of hashpower is controlled by attackers, in\nwhich case Bitcoin is already doomed. So it doesn't matter at that point.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140429/d34bb0b1/attachment.html\u003e"}