rich1.0npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0https://nostr.ae/npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0njumphttps://nostr.ae📅 Original date posted:2022-07-13 📝 Original message:Bitcoin doesn't rely on fees. It relys on users protecting the network out of self interest - running nodes now - mining later It has always been incentivised by holders acting out of self interest If large holders allocating a small percentage to mining to protect their interest, that's all Bitcoin needs Although I can think of other protocols that work that way and people don't like them On Wed, Jul 13, 2022, 4:06 AM Tom Harding via bitcoin-dev < bitcoin-dev at lists.linuxfoundation.org> wrote: > On 7/11/22 15:26, Peter Todd via bitcoin-dev wrote: > > > > Anyway, designing protocols for "price go up forever" hopium is a bad > idea. > > Yet that is the design, and it's a good one. It is equivalent to > relying on bitcoin to steadily grow in utility vs. fiat currencies. > > If it fails to do that, there's no point anyway. > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev at lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220713/671597fe/attachment.html>