📅 Original date posted:2015-07-28 📝 Original message:That's not what I said. We ...

Jorge Timón [ARCHIVE] /

npub1fx9…l2d8

2023-06-07 15:43:03

in reply to nevent1q…syyc

📅 Original date posted:2015-07-28
📝 Original message:That's not what I said. We don't seem able to communicate with each other
efficiently, probably my fault since English is not my native language. But
I don't want to use more of my time (or yours) in this discussion, since
it's clearly unproductive.
On Jul 28, 2015 6:45 PM, "Tom Harding" <tomh at thinlink.com> wrote:

> Jorge,
>
> We obviously disagree fundamentally on the role of societal adoption, in
> the system that Satoshi designed.
>
> Adoption is well ahead of Satoshi's schedule, and the measure of this is
> the exchange rate. It is at once an imperfect measure, and one of the most
> perfect markets that has ever existed.
>
> As long as hardware, electric power, and bandwidth are priced in fiat
> currency, the exchange rate is a critical variable to security, capacity,
> and other metrics of network health.
>
> It's not inconsistent that you consider the exchange rate irrelevant. In
> fact it explains why you believe that Satoshi's timetable for transitioning
> to fee incentives can be summarily tossed aside and replaced with something
> you think is better.
>
> Here's an English saying I just invented. A bunch of geniuses can do a
> lot more damage than one fool.
>
>
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