[bitcoin-dev] The use OP_COUNT_ACKS for paying for a common good for miners

Jorge Timón jtimon at jtimon.cc
Mon Oct 3 06:17:25 UTC 2016


When would miners vote no to receive more funds?
Also, why would they spend the funds buying X once they get them?

On Oct 3, 2016 00:58, "Sergio Demian Lerner via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:

> One side benefit of OP_COUNT_ACKS is that it enables a completely
> different use case:
>
> It allow users to pay for any service miners can provide as group for the
> common good (e.g. fee payment smoothing over many blocks). For instance,
> users could pay miners to jointly buy better Internet service to improve
> bandwidth or reduce latency between them.
>
> By sending bitcoins to a script containing OP_COUNT_ACKS requiring 51% of
> miners approval and adding a special text tag to such outputs such as
> "FOR-MINERS-TO-BUY-X", users can send bitcoins to miners and ask the
> majority of them to vote on the proposal, if accepted create a transaction
> to redeem those funds. This could help to address the so-called tragedy of
> the commons problem that Bitcoin may face in in long-term, by users
> crowdfunding mining of the following n blocks.
>
>
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