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Subject: Re: [Bitcoin-development] Coinbase reallocation to discourage
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--001a11c362e635773d04f7db4606
Content-Type: text/plain; charset=UTF-8
>
> Proving that you can convince the economic majority that the
>
interpretation of existing blocks is in any way up for grabs would set a
> dangerous precedent, and shake some people's faith in Bitcoin's overall
> robustness and security (well, mine anyway.)
Hmm, then I think your faith needs to be shaken. Bitcoin is money, and
money is a purely artificial social construct. The interpretation of what a
bitcoin means, or what a dollar means, has always been and always will be a
human decision taken in order to achieve some socially useful goal. How
could it be any other way? Do you want humanity to be enslaved by its own
money?
This notion that the block chain encodes some kind of natural, immovable
law that's above human judgement is a very strange one to me - I guess it
comes from the fact that encryption *is* based on some kind of natural law.
Without the key you can't decrypt a message no matter how strong the
consensus is. But Bitcoin doesn't use encryption anywhere, just digital
signatures. The only thing approaching natural law, that stops majority
consensus controlling everything, is lack of information. Hence all the
discussion around privacy and anonymity that goes on all the time.
--001a11c362e635773d04f7db4606
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"><blo=
ckquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #c=
cc solid;padding-left:1ex">Proving that you can convince the economic major=
ity that the<br>
</blockquote><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;b=
order-left:1px #ccc solid;padding-left:1ex">
interpretation of existing blocks is in any way up for grabs would set a<br=
>
dangerous precedent, and shake some people's faith in Bitcoin's ove=
rall<br>
robustness and security (well, mine anyway.)</blockquote><div><br></div><di=
v>Hmm, then I think your faith needs to be shaken. Bitcoin =C2=A0is money, =
and money is a purely artificial social construct. The interpretation of wh=
at a bitcoin means, or what a dollar means, has always been and always will=
be a human decision taken in order to achieve some socially useful goal. H=
ow could it be any other way? Do you want humanity to be enslaved by its ow=
n money?</div>
<div><br></div><div>This notion that the block chain encodes some kind of n=
atural, immovable law that's above human judgement is a very strange on=
e to me - I guess it comes from the fact that encryption <i>is</i>=C2=A0bas=
ed on some kind of natural law. Without the key you can't decrypt a mes=
sage no matter how strong the consensus is. But Bitcoin doesn't use enc=
ryption anywhere, just digital signatures. The only thing approaching natur=
al law, that stops majority consensus controlling everything, is lack of in=
formation. Hence all the discussion around privacy and anonymity that goes =
on all the time.</div>
</div></div></div>
--001a11c362e635773d04f7db4606--
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