{"type":"rich","version":"1.0","author_name":"npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0","author_url":"https://nostr.ae/npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2022-07-13\n📝 Original message:Bitcoin doesn't rely on fees.  It relys on users protecting the network out\nof self interest\n\n- running nodes now\n- mining later\n\nIt has always been incentivised by holders acting out of self interest\n\nIf large holders allocating a small percentage to mining to protect their\ninterest, that's all Bitcoin needs\n\nAlthough I can think of other protocols that work that way and people don't\nlike them\n\n\n\n\n\n\n\nOn Wed, Jul 13, 2022, 4:06 AM Tom Harding via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e On 7/11/22 15:26, Peter Todd via bitcoin-dev wrote:\n\u003e \u003e\n\u003e \u003e Anyway, designing protocols for \"price go up forever\" hopium is a bad\n\u003e idea.\n\u003e\n\u003e Yet that is the design, and it's a good one.  It is equivalent to\n\u003e relying on bitcoin to steadily grow in utility vs. fiat currencies.\n\u003e\n\u003e If it fails to do that, there's no point anyway.\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220713/671597fe/attachment.html\u003e"}