Post
Topic
Board Development & Technical Discussion
Re: New paper: Accelerating Bitcoin's Trasaction Processing
by
caveden
on 06/12/2013, 10:51:38 UTC
We've got some incredibly naive ideas floating around the Bitcoin space right now - like the idea that just removing the blocksize limit entirely will work out fine - and we need research into scalability solutions that considers incentives and the resulting security carefully. That kind of reasoning tends to involve a lot of math, rather than platitudes about "market forces"

Wow... This presumption of knowledge of yours reminded me of this brilliant quote, perfectly applicable here:

Quote from: Friedrich von Hayek
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

The subjective reasoning of millions can't involve "lots of math", and can't be modeled by it. You can only reach meaningful conclusions through praxeology. And, if you were to actually try that, you'd probably recognize one day that you should not try to impose top-down rulings instead of organic bottom-up organizations, as if people were peons on a chessboard to be manipulated by enlightened "planners". Anyways... that's not the topic here, I don't want to derail this very interesting thread, so I'll stop here. It would be nice if you could also try not to let insults on the air like this every time you can...