Gregory Maxwell [ARCHIVE] on Nostr: 📅 Original date posted:2018-01-29 📝 Original message:On Mon, Jan 29, 2018 at ...
📅 Original date posted:2018-01-29
📝 Original message:On Mon, Jan 29, 2018 at 11:21 PM, Eric Voskuil <eric at voskuil.org> wrote:
> Block space created by a miner is property that belongs to the miner, it
> can be sold or not sold.
That case would be stronger when there is no more subsidy, but we
collectively the uses of Bitcoin are currently paying miners around
$130k USD per block in the form of inflation for the job of honestly
complying with the Bitcoin protocol.
I don't think you can argue that they have any more right to do that
than any of us have a right to run software that invalidates their
coinbase outputs when they do; which would be the sort of retaliation
they might get targeted with.
📝 Original message:On Mon, Jan 29, 2018 at 11:21 PM, Eric Voskuil <eric at voskuil.org> wrote:
> Block space created by a miner is property that belongs to the miner, it
> can be sold or not sold.
That case would be stronger when there is no more subsidy, but we
collectively the uses of Bitcoin are currently paying miners around
$130k USD per block in the form of inflation for the job of honestly
complying with the Bitcoin protocol.
I don't think you can argue that they have any more right to do that
than any of us have a right to run software that invalidates their
coinbase outputs when they do; which would be the sort of retaliation
they might get targeted with.