Jeff Garzik [ARCHIVE] on Nostr: 📅 Original date posted:2014-06-24 📝 Original message:On Tue, Jun 24, 2014 at ...
📅 Original date posted:2014-06-24
📝 Original message:On Tue, Jun 24, 2014 at 9:27 AM, Mike Hearn <mike at plan99.net> wrote:
> Wallets would then be able to persist this data to disk and compete on cool visualisations for how much money you saved over time.
heh, this is a cool idea.
It also seems like it would be subject to instant inflation, as it's
unprovable, and a rational economic actor may choose to exaggerate
such numbers. It also seems collectively rational by some points of
view for all bitcoin actors to inflate this number.
At a minimum, I would either add "marketing_" to the field name
itself, or include additional comment caveats noting in BOLD language
that this field is informational, and should not be relied upon for
accounting/auditing purposes.
It just seems like a statistic that everyone has an incentive to exaggerate.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
📝 Original message:On Tue, Jun 24, 2014 at 9:27 AM, Mike Hearn <mike at plan99.net> wrote:
> Wallets would then be able to persist this data to disk and compete on cool visualisations for how much money you saved over time.
heh, this is a cool idea.
It also seems like it would be subject to instant inflation, as it's
unprovable, and a rational economic actor may choose to exaggerate
such numbers. It also seems collectively rational by some points of
view for all bitcoin actors to inflate this number.
At a minimum, I would either add "marketing_" to the field name
itself, or include additional comment caveats noting in BOLD language
that this field is informational, and should not be relied upon for
accounting/auditing purposes.
It just seems like a statistic that everyone has an incentive to exaggerate.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/