Ivan Brightly [ARCHIVE] on Nostr: 📅 Original date posted:2015-06-28 📝 Original message:Agreed on both accounts. ...
📅 Original date posted:2015-06-28
📝 Original message:Agreed on both accounts. The main point is that there are no inherent
rights built into bitcoin - just aligned economic interests enforced by
agreed upon technical rules. The technical rules allow for a majority to
dictate, while the economic interests may or may not support such a change.
On Sun, Jun 28, 2015 at 10:16 AM, Eric Lombrozo <elombrozo at gmail.com> wrote:
> Furthermore, the actual way in which the conflict is resolved sets a
> precedent for how such disagreements are to be “resolved” in the future.
>
> So the means are also important to consider.
>
> - Eric
>
> On Jun 28, 2015, at 6:51 AM, Ivan Brightly <ibrightly at gmail.com> wrote:
>
> On Sun, Jun 28, 2015 at 8:13 AM, Jorge Timón <jtimon at jtimon.cc> wrote:
>
>>
>> No, this is very important. The majority has no right to dictate on
>> the minority.
>>
>
> While an interesting philosophical question, I don't think that this is
> accurate. First off, bitcoin doesn't imbue any 'rights' on individuals -
> it provides the choice of participating or not, nothing more.
>
> Secondly, from a technical perspective, how is it that the majority (or
> super-majority) are prevented from imposing their will? The best answer is
> that they are incentivized to not override a minority group since that
> reduces the inherent value in the system. However, presuming that the
> majority calculate that the reward for imposing a change is greater than
> the value lost in such disruption, I don't see how there would be any
> stopping this change. The longest chain with the greatest number of users
> valuing the token on that chain "wins".
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
>
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📝 Original message:Agreed on both accounts. The main point is that there are no inherent
rights built into bitcoin - just aligned economic interests enforced by
agreed upon technical rules. The technical rules allow for a majority to
dictate, while the economic interests may or may not support such a change.
On Sun, Jun 28, 2015 at 10:16 AM, Eric Lombrozo <elombrozo at gmail.com> wrote:
> Furthermore, the actual way in which the conflict is resolved sets a
> precedent for how such disagreements are to be “resolved” in the future.
>
> So the means are also important to consider.
>
> - Eric
>
> On Jun 28, 2015, at 6:51 AM, Ivan Brightly <ibrightly at gmail.com> wrote:
>
> On Sun, Jun 28, 2015 at 8:13 AM, Jorge Timón <jtimon at jtimon.cc> wrote:
>
>>
>> No, this is very important. The majority has no right to dictate on
>> the minority.
>>
>
> While an interesting philosophical question, I don't think that this is
> accurate. First off, bitcoin doesn't imbue any 'rights' on individuals -
> it provides the choice of participating or not, nothing more.
>
> Secondly, from a technical perspective, how is it that the majority (or
> super-majority) are prevented from imposing their will? The best answer is
> that they are incentivized to not override a minority group since that
> reduces the inherent value in the system. However, presuming that the
> majority calculate that the reward for imposing a change is greater than
> the value lost in such disruption, I don't see how there would be any
> stopping this change. The longest chain with the greatest number of users
> valuing the token on that chain "wins".
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
>
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