Quote from: bitcoinpaul on February 11, 2014, 12:30:43 PM

Quote from: ZeroTheGreat on February 11, 2014, 11:59:29 AM

Quote from: joefox on February 11, 2014, 05:29:55 AM

There is no "profit" in forging because merely forging adds no value.

Completely disagree! Only secure system'll be popular and for that forging'd be popular activity too, here works network effect: more independent forgers with their own goals, more secure system is for everybody else. So it adds value in security aspect of payment system and whole ecosystem.

I wonder if the idea is doomed because of Diffusion of Responsibility.

Why forge? To get fees, but when u're forging, u're securing system. Way to get fees w/o securing not so easy to pick (u need modified code, and have that code updated), so greedy forgers'll exist and'll non-directly serve their key purpose (as miners today).