Ignoring your contradiction of the political and economical. Your conception holds under the presupposition that all action of hash-power is motivated by 'rational' economic interest. Specifically a very strict distinction between the profitable and the unprofitable; namely to include transactions based on "business incentive", presumably on-chain fees.
I am afraid that this conception is a rickety crutch, unfit to navigate current reality. On Wed, Mar 29, 2017 at 10:04 AM, Tom Zander <t...@freedommail.ch> wrote: > On Monday, 20 March 2017 21:12:36 CEST Martin Stolze via bitcoin-dev wrote: >> Background: The current protocol enables two parties to transact >> freely, however, transaction processors (block generators) have the >> authority to discriminate participants arbitrarily. > > Nag; they don’t have any authority. > >> This is well known >> and it is widely accepted that transaction processors may take >> advantage of this with little recourse. It is the current consensus >> that the economic incentives in form of transaction fees are >> sufficient because the transaction processing authorities are assumed >> to be guided by the growth of Bitcoin and the pursuit of profit. > > This is not the case, it misunderstands Bitcoin and specifically is > misunderstands that Bitcoin is distributed and decentralized. > > What you call “block generators” or “transaction processors” are in reality > called miners and they don’t have any authority to mine or not mine certain > transactions. All they have is a business incentive to mine or not mine a > certain transaction. > This is a crucial distinction as that makes it a economical decision, not a > political. > > The massive distribution of miners creating blocks means that one miner is > free to add his political agenda. They can choose to not mine any satoshi- > dice transactions, should they want. But they can’t stop other miners from > mining those transactions anyway, and as such this is not a political move > that has any effect whatsoever, at the end of the day it is just an > economcal decision. > > The rest of your email is based on this misconception as well, and therefore > the above answers your question. > -- > Tom Zander > Blog: https://zander.github.io > Vlog: https://vimeo.com/channels/tomscryptochannel _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
