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From: =?UTF-8?B?Sm9yZ2UgVGltw7Nu?= <jtimon@jtimon.cc>
Date: Mon, 3 Oct 2016 08:17:25 +0200
Message-ID: <CABm2gDpA=uOw7g-ARn3QoDPj1jRSyjsADsZmTvV2cfx97Q5RWw@mail.gmail.com>
To: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>, 
	Sergio Demian Lerner <sergio.d.lerner@gmail.com>
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Subject: Re: [bitcoin-dev] The use OP_COUNT_ACKS for paying for a common
 good for miners
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When would miners vote no to receive more funds?
Also, why would they spend the funds buying X once they get them?

On Oct 3, 2016 00:58, "Sergio Demian Lerner via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> One side benefit of OP_COUNT_ACKS is that it enables a completely
> different use case:
>
> It allow users to pay for any service miners can provide as group for the
> common good (e.g. fee payment smoothing over many blocks). For instance,
> users could pay miners to jointly buy better Internet service to improve
> bandwidth or reduce latency between them.
>
> By sending bitcoins to a script containing OP_COUNT_ACKS requiring 51% of
> miners approval and adding a special text tag to such outputs such as
> "FOR-MINERS-TO-BUY-X", users can send bitcoins to miners and ask the
> majority of them to vote on the proposal, if accepted create a transaction
> to redeem those funds. This could help to address the so-called tragedy of
> the commons problem that Bitcoin may face in in long-term, by users
> crowdfunding mining of the following n blocks.
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>

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<p dir=3D"ltr">When would miners vote no to receive more funds?<br>
Also, why would they spend the funds buying X once they get them?</p>
<div class=3D"gmail_extra"><br><div class=3D"gmail_quote">On Oct 3, 2016 00=
:58, &quot;Sergio Demian Lerner via bitcoin-dev&quot; &lt;<a href=3D"mailto=
:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.o=
rg</a>&gt; wrote:<br type=3D"attribution"><blockquote class=3D"gmail_quote"=
 style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><d=
iv dir=3D"ltr">One side benefit of OP_COUNT_ACKS is that it enables a compl=
etely different use case:<br><br>It allow users to pay for any service mine=
rs can provide as group for the common good (e.g. fee payment smoothing ove=
r many blocks). For instance, users could pay miners to jointly buy better =
Internet service to improve bandwidth or reduce latency between them.<br>=
=C2=A0<br>By sending bitcoins to a script containing OP_COUNT_ACKS requirin=
g 51% of miners approval and adding a special text tag to such outputs such=
 as=C2=A0 &quot;FOR-MINERS-TO-BUY-X&quot;, users can send bitcoins to miner=
s and ask the majority of them to vote on the proposal, if accepted create =
a transaction to redeem those funds. This could help to address the so-call=
ed tragedy of the commons problem that Bitcoin may face in in long-term, by=
 users crowdfunding mining of the following n blocks.<br><br></div>
<br>______________________________<wbr>_________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.=
<wbr>linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.<wbr>org=
/mailman/listinfo/bitcoin-<wbr>dev</a><br>
<br></blockquote></div></div>

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