{"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:2014-04-23\n📝 Original message:\u003e\n\u003e No. Bitcoin should work if miners are merely individually rational, i.e.\n\u003e they try to maximize their pay-offs without colluding with others.\n\u003e\n\nAnd it still would. Non-collusive miners cast votes based on the outcome of\ntheir own attempts to double spend. If enough agree then they all agree\nthat the vote is binding.\n\n\n\u003e I guess word \"honest\" might have different meanings, that can be a source\n\u003e of confusing.\n\u003e 1. Honest -- not trying to destroy bitcoin\n\u003e 2. Honest -- following rules which are not required by the protocol\n\u003e\n\nI'm using it in the same sense Satoshi used it. Honest miners work to\nprevent double spends. That's the entire justification for their existence.\nMiners that are deliberately trying to double spend are worse than useless.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140423/d4fe9367/attachment.html\u003e"}