{"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:2015-05-09\n📝 Original message:On Sat, May 09, 2015 at 01:36:56AM +0300, Joel Joonatan Kaartinen wrote:\n\u003e such a contract is a possibility, but why would big owners give an\n\u003e exclusive right to such pools? It seems to me it'd make sense to offer\n\u003e those for any miner as long as the get paid a little for it. Especially\n\u003e when it's as simple as offering an incomplete transaction with the\n\u003e appropriate SIGHASH flags.\n\nLike many things, the fact that they need to negotiate the right at all\nis a *huge* barrier to smaller mining operations, as well as being an\nattractive point of control for regulators.\n\n\u003e a part of the reason I like this idea is because it will allow stakeholders\n\u003e a degree of influence on how large the fees are. At least from the surface,\n\u003e it looks like incentives are pretty well matched. They have an incentive to\n\u003e not let the fees drop too low so the network continues to be usable and\n\u003e they also have an incentive to not raise them too high because it'll push\n\u003e users into using other systems. Also, there'll be competition between\n\u003e stakeholders, which should keep the fees reasonable.\n\nIf you want to allow stakeholders influence you should look into John Dillon's\nproof-of-stake blocksize voting scheme:\n\nhttp://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg02323.html\n\n-- \n'peter'[:-1]@petertodd.org\n00000000000000000e7980aab9c096c46e7f34c43a661c5cb2ea71525ebb8af7\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/20150509/1d6c3b4f/attachment.sig\u003e"}