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> It's up to them which transactions to include in a block. and "them" is not a single entity or even small number of entities. miners compete for block reward
by keymone 8y ago
> It's up to them which transactions to include in a block.
and "them" is not a single entity or even small number of entities. miners compete for block rewards and every transaction with a fee contributes to the profit - whatever malicious miners choose to leave out will be included by non-malicious miners making them more profitable.
calling miners middlemen when they would only have actual control over which transactions appear on the chain if majority of miners colluded (destroying the value proposition of bitcoin in the process) is very disingenuous.
> talk about inflation and QE as theft from their pockets. The block reward is a fee extracted from the ecosystem in the same way.
i don't even... QE and other fiscal measures are short term decisions made by bunch of powerful humans behind closed doors. Bitcoin emission schedule was decided ten years ago and has virtually zero chance of being changed without destroying the project and it's value. you must be trolling right now if you say you don't see the difference.
as for why is there bitcoin emission schedule at all - because that's probably the most fair process of distributing bitcoin.
> So yeah, you did, you said it was monetary value expressed as pure energy, which is meaningless
either you start reading and quoting me correctly or this discussion is over, i'm done with your manipulative tactics.
- village-idiot 8y agoI love how quoting you is a “manipulative tactic”.
- keymone 8y agoI love how you didn't even notice that quote was doctored, which is my point entirely.
- village-idiot 8y agoI'm not sure why you'd make such a trivially disprovable claim, they quoted you word for word, it's very easy to prove that with a quick browser text search...
- keymone 8y agoyou won't find "monetary value expressed as pure energy" anywhere but in comments by Nursie. why would lie about such trivially verifiable thing?
- village-idiot 8y agohttps://imgur.com/a/bcAlwmo https://imgur.com/a/bcAlwmo The part between quotation marks, also known as "quoting", was taken word for word from your original comment.
- keymone 8y agoare you for real or just trolling? this was the comment i replied to which claims i said something i didn't say: https://news.ycombinator.com/item?id=19614802 https://news.ycombinator.com/item?id=19614802 what the hell is wrong with you? stop wasting time both yours and mine.
- johnisgood 8y agoI think he implied that quoting him incorrectly is a manipulative tactic.
- village-idiot 8y agohttps://imgur.com/a/bcAlwmo https://imgur.com/a/bcAlwmo He wasn't quoted incorrectly, the part within quotation marks is verbatim from keymone.