Quote from: kiba on November 20, 2010, 06:25:43 PM

Quote from: db on November 20, 2010, 12:34:03 PM

Quote from: creighto on November 19, 2010, 07:50:45 PM

In a future with a successful Bitcoin, most generation would likely be performed at a net loss by persons or institutions with the most interest in Bitcoins security.

No! Thats a tragedy of the commons situation. It just doesn't work. If Bitcoin will have to rely on that it's doomed.

Hmm, I can't think my way out of this problem.

It's not a TOC situation because of the fees, as blocks go unsolved, fees accumulate, increasing incentive to solve. People need not generate at a loss for bitcoin to work. Though maybe with some definition of 'loss' some people will anyway.