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authorTom Harding <tomh@thinlink.com>2015-07-28 09:44:42 -0700
committerbitcoindev <bitcoindev@gnusha.org>2015-07-28 16:45:04 +0000
commit74c9a646bc0c660ad19121c3793781c0c3a2a7af (patch)
tree8b46eccbd5697b68f59b491da159e9c4216dfe10
parentecabf33d6d2fdcfd0b6b7849d4ebba9af3e7bf2c (diff)
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Re: [bitcoin-dev] Bitcoin Core and hard forks
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+From: Tom Harding <tomh@thinlink.com>
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+Date: Tue, 28 Jul 2015 09:44:42 -0700
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+Subject: Re: [bitcoin-dev] Bitcoin Core and hard forks
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+
+Jorge,
+
+We obviously disagree fundamentally on the role of societal adoption, in
+the system that Satoshi designed.
+
+Adoption is well ahead of Satoshi's schedule, and the measure of this is
+the exchange rate. It is at once an imperfect measure, and one of the
+most perfect markets that has ever existed.
+
+As long as hardware, electric power, and bandwidth are priced in fiat
+currency, the exchange rate is a critical variable to security,
+capacity, and other metrics of network health.
+
+It's not inconsistent that you consider the exchange rate irrelevant.
+In fact it explains why you believe that Satoshi's timetable for
+transitioning to fee incentives can be summarily tossed aside and
+replaced with something you think is better.
+
+Here's an English saying I just invented. A bunch of geniuses can do a
+lot more damage than one fool.
+
+