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References: <201904010030.34825.luke@dashjr.org>
	<20190401011112.6icdkyjocf4qh5oz@petertodd.org>
In-Reply-To: <20190401011112.6icdkyjocf4qh5oz@petertodd.org>
From: Omar Shibli <omarshib@gmail.com>
Date: Mon, 1 Apr 2019 05:55:41 +0300
Message-ID: <CAE3EOfgFdZUTdVW-hcxR2m5nM+GaV3R48En3_RVpN1O+rrPO6w@mail.gmail.com>
To: Peter Todd <pete@petertodd.org>, 
	Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="0000000000009ca1fc05856f2835"
Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k
	USD/BTC
Precedence: list

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Shit, so we are vulnerable today? is this zero day vulnerability? so we
could be f***** big?

On Mon, Apr 1, 2019 at 5:47 AM Peter Todd via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> On Mon, Apr 01, 2019 at 12:30:34AM +0000, Luke Dashjr via bitcoin-dev
> wrote:
> > Certain parts of the community have been selling bitcoins for
> unreasonably
> > low prices. This has halted Bitcoin's valuation at $20k and even driven
> the
> > price down below $15k! However, clearly Bitcoin is worth much more than
> > that, and there is widespread support for higher prices.
> >
> > In light of this, I have written and implemented two BIPs: one to add a
> > signed price field to Bitcoin transactions, and the other to softfork a
> > minimum price of $50k USD/BTC a year from today.
>
> I believe I've found a serious vulnerability in your proposal: there's no
> limit
> on the maximum supply of USD.
>
> --
> https://petertodd.org 'peter'[:-1]@petertodd.org
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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<div dir=3D"ltr"><div dir=3D"ltr"><div dir=3D"ltr">Shit, so we are=C2=A0vul=
nerable today? is this zero day vulnerability? so we could be f***** big?</=
div></div></div><br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gm=
ail_attr">On Mon, Apr 1, 2019 at 5:47 AM Peter Todd via bitcoin-dev &lt;<a =
href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.lin=
uxfoundation.org</a>&gt; wrote:<br></div><blockquote class=3D"gmail_quote" =
style=3D"margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:s=
olid;border-left-color:rgb(204,204,204);padding-left:1ex">On Mon, Apr 01, 2=
019 at 12:30:34AM +0000, Luke Dashjr via bitcoin-dev wrote:<br>
&gt; Certain parts of the community have been selling bitcoins for unreason=
ably<br>
&gt; low prices. This has halted Bitcoin&#39;s valuation at $20k and even d=
riven the<br>
&gt; price down below $15k! However, clearly Bitcoin is worth much more tha=
n<br>
&gt; that, and there is widespread support for higher prices.<br>
&gt; <br>
&gt; In light of this, I have written and implemented two BIPs: one to add =
a<br>
&gt; signed price field to Bitcoin transactions, and the other to softfork =
a<br>
&gt; minimum price of $50k USD/BTC a year from today.<br>
<br>
I believe I&#39;ve found a serious vulnerability in your proposal: there&#3=
9;s no limit<br>
on the maximum supply of USD.<br>
<br>
-- <br>
<a href=3D"https://petertodd.org" rel=3D"noreferrer" target=3D"_blank">http=
s://petertodd.org</a> &#39;peter&#39;[:-1]@<a href=3D"http://petertodd.org"=
 rel=3D"noreferrer" target=3D"_blank">petertodd.org</a><br>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">=
bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
</blockquote></div>

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