Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id E2818155E for ; Mon, 31 Aug 2015 21:24:14 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ig0-f176.google.com (mail-ig0-f176.google.com [209.85.213.176]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 7572A10D for ; Mon, 31 Aug 2015 21:24:14 +0000 (UTC) Received: by igbuu8 with SMTP id uu8so35434144igb.1 for ; Mon, 31 Aug 2015 14:24:13 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :cc:content-type; bh=amL1cTHDQkfKB7ciY17SzkG51KhUXEEJoYK8f6w56Bc=; b=btiU4UsVr9XwCyKVssMvoISU/K3qFZPU79AC4qUDavIlBgaYEedlI3ub6OMlLA61Au WBIHqdrLG/8hrJu69Q1WmLELyqLvJwugtyEUL64kb7+qT7CbK6Xhq01e+pgtpfR4SzBr Hqj+lIzaXW5XOTiP4ql/J21d653+d5GsNod6PAHidq5BpspBPM174Fdrc9dTFHLD2XIi hC1RaqPHZbMgDiGNhOWxDnPTtQxAPKeRU6Sg7IekjTeRXCgWLrpHm4it2ea4ehi783Q4 RRjbHgahe7cvbvNeD+gWDiksPK4MWVWV/iNSSnE9aK5uLWzB++z9kvZX839jWqgwSNlr Vqzg== MIME-Version: 1.0 X-Received: by 10.50.27.102 with SMTP id s6mr618927igg.23.1441056253759; Mon, 31 Aug 2015 14:24:13 -0700 (PDT) Received: by 10.79.25.2 with HTTP; Mon, 31 Aug 2015 14:24:13 -0700 (PDT) In-Reply-To: References: <602b978abcedd92fbed85f305d9d7bfe@cock.li> <55E4B8C9.5030606@openbitcoinprivacyproject.org> Date: Mon, 31 Aug 2015 16:24:13 -0500 Message-ID: From: Allen Piscitello To: Monarch Content-Type: multipart/alternative; boundary=047d7b10d0151b63ea051ea20e01 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] Your Gmaxwell exchange X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 31 Aug 2015 21:24:15 -0000 --047d7b10d0151b63ea051ea20e01 Content-Type: text/plain; charset=UTF-8 Even so, decentralization is a means to an end - not an end-goal. It is essential for Bitcoin to be a useful alternative, of course. On Mon, Aug 31, 2015 at 3:48 PM, Monarch via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > On 2015-08-31 20:27, Justus Ranvier wrote: > >> You don't understand what value proof of work provides, or what features >> differentiate good money from poor money, and you can't make a >> defensible statement of Bitcoin's value proposition. >> >> Because you can't do these things, you assume nobody else can do them >> either and therefore the only way for Bitcoin to survive is to sweep the >> problem under the rug and distract users with a word that means nothing >> (and therefore means whatever the observer wants it to mean). >> >> This is not a strategy that can be successful in the long term. >> > > > Proof of work is probabilistic transaction ordering (and timestamping > by extension), the only perceivable value in it is that it is > decentralized. If you don't have that set as a requirement there are > plenty of companies around who will act as a time stamping notary for > you, just as there are many cloud services around to host the SQL- > based Bitcoin replacement. > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > --047d7b10d0151b63ea051ea20e01 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
Even so, decentralization is a means to an end - not an en= d-goal.=C2=A0 It is essential for Bitcoin to be a useful alternative, of co= urse.

On Mon= , Aug 31, 2015 at 3:48 PM, Monarch via bitcoin-dev <bi= tcoin-dev@lists.linuxfoundation.org> wrote:
On 2015-08-31 20:27, Justus Ranvier wrote= :
You don't understand what value proof of work provides, or what feature= s
differentiate good money from poor money, and you can't make a
defensible statement of Bitcoin's value proposition.

Because you can't do these things, you assume nobody else can do them either and therefore the only way for Bitcoin to survive is to sweep the problem under the rug and distract users with a word that means nothing
(and therefore means whatever the observer wants it to mean).

This is not a strategy that can be successful in the long term.


 Proof of work is probabilistic transaction ordering (and timestamping
by extension), the only perceivable value in it is that it is
decentralized. If you don't have that set as a requirement there are plenty of companies around who will act as a time stamping notary for
you, just as there are many cloud services around to host the SQL-
based Bitcoin replacement.


_______________________________________________
bitcoin-dev mailing list
= bitcoin-dev@lists.linuxfoundation.org
https://lists.linuxfoundation.org/mail= man/listinfo/bitcoin-dev

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