{"type":"rich","version":"1.0","author_name":"npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2","author_url":"https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-06-27\n📝 Original message:On Sat, Jun 27, 2015 at 07:46:55PM +0200, Benjamin wrote:\n\u003e There is no ensured Quality of service, is there? If you \"bid\" higher, then\n\u003e you don't know what you are going to get. Also because you have no way of\n\u003e knowing what *others* are bidding. Only if you have auctions (increasing\n\u003e increments) you can establish a feedback loop to settle demand and supply.\n\u003e And the supply side doesn't adapt. Adapting supply would help resolve parts\n\u003e of the capacity problem.\n\nThere's lots of markets where there is no assured quality of service,\nand where the bids others are making aren't known. Most financial\nmarkets work that way - there's only ever probabalistic guarantees that\nfor a given amount of money you'll be able to buy a certain amount of\ngold at any given time for instance. Similarly for nearly all\ncommodities the infrastructure required to mine those commodities has\nvery little room for short, medium, or even long-term production\nincreases, so whatever the production supply is at a given time is\npretty much fixed.\n\n-- \n'peter'[:-1]@petertodd.org\n0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150627/d4bccafb/attachment.sig\u003e"}