rich1.0npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2njumphttps://nostr.ae📅 Original date posted:2015-06-27 📝 Original message:On Sat, Jun 27, 2015 at 07:46:55PM +0200, Benjamin wrote: > There is no ensured Quality of service, is there? If you "bid" higher, then > you don't know what you are going to get. Also because you have no way of > knowing what *others* are bidding. Only if you have auctions (increasing > increments) you can establish a feedback loop to settle demand and supply. > And the supply side doesn't adapt. Adapting supply would help resolve parts > of the capacity problem. There's lots of markets where there is no assured quality of service, and where the bids others are making aren't known. Most financial markets work that way - there's only ever probabalistic guarantees that for a given amount of money you'll be able to buy a certain amount of gold at any given time for instance. Similarly for nearly all commodities the infrastructure required to mine those commodities has very little room for short, medium, or even long-term production increases, so whatever the production supply is at a given time is pretty much fixed. -- 'peter'[:-1]@petertodd.org 0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24 -------------- next part -------------- A non-text attachment was scrubbed... Name: signature.asc Type: application/pgp-signature Size: 650 bytes Desc: Digital signature URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150627/d4bccafb/attachment.sig>