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To: Peter Todd <pete@petertodd.org>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Bitcoin covenants are inevitable
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Hi Peter,
> Only because the block reward goes away. If it was made to continue
> indefinitely - most likely with an inflation hard fork - demand for block=
space
> would not be critical to Bitcoin's security.
I am not completely against your proposal although 100% sure this will not =
have "consensus" to be implemented. I think if bitcoin doesn't have enough =
demand for block space, it should die. I will be sad if bitcoin doesn't exi=
st but it should be a lesson for all the people opposing soft forks based o=
n drama and politics instead of technical review.
I don't see anything wrong with users paying 100x fees for opening and clos=
ing LN channels.
/dev/fd0
Sent with Proton Mail secure email.
------- Original Message -------
On Sunday, June 12th, 2022 at 9:06 AM, Peter Todd via bitcoin-dev <bitcoin-=
dev@lists.linuxfoundation.org> wrote:
> On Mon, Jun 06, 2022 at 09:02:18AM -0400, Erik Aronesty via bitcoin-dev w=
rote:
>
> > Maintaining the security of the protocol is squarely the responsibility=
of
> > the Bitcoin software and the core developers
> >
> > Continued demand for block space is critical for Bitcoin's security.
>
>
> Only because the block reward goes away. If it was made to continue
> indefinitely - most likely with an inflation hard fork - demand for block=
space
> would not be critical to Bitcoin's security.
>
> --
> 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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