[Bitcoin-ml] Transaction mining priorities.

[Tom Zander]

On Tuesday, 19 September 2017 23:16:35 CEST Andrew Johnson wrote:
> > The music industry is making the same mistake, they too say that people
> > that
> > copy the music without paying are actually stealing. Because, they must
> > reason, we *could have* received money from them instead.
> 
> I'm not understanding your analogy here. I think a better one would be
> {snip}
> That doesn't make any sense.

Yours doesn’t make sense, I agree.

> > The basic fact here is that the actual cost of mining a 1MB or a 20MB
> > block has no effective difference for miners cost structure.
> 
> Orphan risk is a huge one.

Xthin / compact blocks solved that some time ago.
 
> > They can’t expect to sit on those coins for the next 10 years hoping
> > they
> > get more profitable.
> 
> Most don't

Good we agree ;)


> Individual centralized companies running in the red for a long period of
> time to essentially buy their own personal customer base/network effect
> with the intention of monetizing it later isn't even close to the same
> thing as being one of many miners in a distributed system.  This is also a
> poor comparison, in my opinion.

That wasn’t my comparison at all. Please don’t put words in my mouth.

-- 
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel