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Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] 0 confirmation txs using replace-by-fee
 and game theory
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>
> Of course if we're not comparing this with Bitcoin today and we're
> comparing it to some theoretical mechanism for instant p2p
> serialization without requiring proof of work then, yes, this concept
> is not very interesting.
>

Bitcoin's competition is not some theoretical perfect p2p system but
rather, bank notes and credit cards.

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<div dir="ltr"><div class="gmail_extra"><div class="gmail_quote"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">Of course if we&#39;re not comparing this with Bitcoin today and we&#39;re<br>

comparing it to some theoretical mechanism for instant p2p<br>
serialization without requiring proof of work then, yes, this concept<br>
is not very interesting.<br>
</blockquote></div><br></div><div class="gmail_extra">Bitcoin&#39;s competition is not some theoretical perfect p2p system but rather, bank notes and credit cards.</div></div>

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