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Date: Thu, 30 Jul 2015 10:24:07 -0500
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From: Bryan Bishop <kanzure@gmail.com>
To: Thomas Zander <thomas@thomaszander.se>,
bitcoin-dev@lists.linuxfoundation.org, Bryan Bishop <kanzure@gmail.com>
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On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> What makes you think that when there is such a low availability of
> transaction
> space that paying to be included costs you $10, that Bitcoin is not going
> to
> be outcompeted and replaced or otherwise regarded as worthless?
>
Ah, well that's simple. Because any decentralized system is going to have
high transaction costs and scarcity anyway. So far the only mechanism we
know for how to do this is something like bitcoin. As a centralized system,
bitcoin is already strongly outcompeted by many, many other designs, so
that shouldn't be very surprising I think.
- Bryan
http://heybryan.org/
1 512 203 0507
--001a11c3bb3e5c9517051c194b03
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On T=
hu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev <span dir=3D"ltr=
"><<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_b=
lank">bitcoin-dev@lists.linuxfoundation.org</a>></span> wrote:<br><block=
quote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc=
solid;padding-left:1ex"><div id=3D":101l" class=3D"a3s" style=3D"overflow:=
hidden">What makes you think that when there is such a low availability of =
transaction<br>
space that paying to be included costs you $10, that Bitcoin is not going t=
o<br>
be outcompeted and replaced or otherwise regarded as worthless?</div></bloc=
kquote></div><br>Ah, well that's simple. Because any decentralized syst=
em is going to have high transaction costs and scarcity anyway. So far the =
only mechanism we know for how to do this is something like bitcoin. As a c=
entralized system, bitcoin is already strongly outcompeted by many, many ot=
her designs, so that shouldn't be very surprising I think.<br><div><br>=
</div><div class=3D"gmail_signature">- Bryan<br><a href=3D"http://heybryan.=
org/" target=3D"_blank">http://heybryan.org/</a><br>1 512 203 0507</div>
</div></div>
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