[bitcoin-dev] The need for larger blocks
ibrightly at gmail.com
Sun Jun 28 16:01:31 UTC 2015
I don't think that rights are a pillar of how bitcoin works - rather I
would say it's a matter of aligned incentives. The fact is that the
majority technically *can* dictate through PoW and acceptance. The only
reason that the majority would not chose this path is because there is
greater economic value in consensus, whether perceived or realized.
If bitcoin were about "doing the right thing" there wouldn't be a need for
PoW since no individual would be incentivized to double spend.
On Sun, Jun 28, 2015 at 11:05 AM, Jorge Timón <jtimon at jtimon.cc> wrote:
> On Sun, Jun 28, 2015 at 3:51 PM, Ivan Brightly <ibrightly at gmail.com>
> > 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.
> I think you're not contradicting me: ff there's not rights built into
> the system, the majority has no "right to dictate" anything.
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