rich1.0npub1k2eekmevs6gg60df75qpjw4a2atmy89vx28c8zqq5jxy64tuzrws39qd6mhttps://nostr.ae/npub1k2eekmevs6gg60df75qpjw4a2atmy89vx28c8zqq5jxy64tuzrws39qd6mnjumphttps://nostr.ae📅 Original date posted:2014-04-29 📝 Original message:-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On 04/29/2014 02:13 PM, Mike Hearn wrote: > I do think we need to move beyond this idea of Bitcoin being some > kind of elegant embodiment of natural mathematical law. It just > ain't so. > I think everybody understands that Bitcoin has a positive net present value exactly because it, unlike every other digital currency which came before, does not include a feature that allows for balances to be confiscated. Implementing any such feature, to any degree at all, would render Bitcoin completely valueless. There are two possibilities here: If you understand this, then your proposal is a malicious attempt to undermine Bitcoin. If you don't understand this then you suffer from a very serious case of economic illiteracy, a case so bad that your continued participation in Bitcoin represents a clear and present danger to all Bitcoin users. If you can't even get the easy questions right, then god help us all if you're ever faced with a difficult one. I don't have enough evidence to distinguish between the incompetence hypothesis and the malice hypothesis, but it doesn't matter. Regardless of your abilities or motives your proposal is unacceptable. If you want a currency where miners can vote to steal from other miners then implement it in Hearncoin and leave Bitcoin alone. - -- Support online privacy by using email encryption whenever possible. Learn how here: http://www.youtube.com/watch?v=bakOKJFtB-k -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.22 (GNU/Linux) Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/ iQEcBAEBAgAGBQJTX/2dAAoJECoisBQbQ4v0jAoH/R1oNZ1tVp6DJ5BuPg0ZTav0 Dvzq8EfX/uRbRgmxotCHMwY6FJCoXqJTLyOnl2p670t7l5ZXqd91MdKKP2z7jYPY GsVbqfGreF0dWKCd0mKTG5DM8pxndNWteGIsw9/sYvY/3p2Vopzp6N7fpl8TEf6p 2nyIzEqTD4aK5QkhM+sNnP1Cyh/l5AjJTES23GqSQIMG6vzLgqE8kyze+ANFVg1U yka6bz4DX7DO7meyJyyOFaMJu6mgY+m6dSVaR7j/QmQMu22SwlSiPgqe6iO//os3 zcmwe/x4+5CmqJOO/PL5Or28iw/Qdf6vNePiaEIFtBzoKnHBhS2nAtL6jnOL928= =4yIu -----END PGP SIGNATURE----- -------------- next part -------------- A non-text attachment was scrubbed... Name: 0x1B438BF4.asc Type: application/pgp-keys Size: 21678 bytes Desc: not available URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140429/b00469ee/attachment.bin>