Am Mo, 1. Aug 2022, um 12:14, schrieb John Clark: > On Sun, Jul 31, 2022 at 4:12 PM Jason Resch <jasonre...@gmail.com> wrote: > >>> >> So bitcoin can avoid problems if they can just find somebody that >>> >> everybody agrees is a saint. But you could say the same thing about the >>> >> US dollar if everybody agreed that the Chairman of the Federal Reserve >>> >> is a saint. >> >> *> You don't need a saint. That's the genius of the protocol design, a >> trusted system without any trusted individuals. You just need no majority of >> the nodes to be working against the system.* > > Bitcoin is between a rock and a hard place. If the number of miners is > reduced the energy efficiency increases but the security declines because it > allows the elite to spend one of their Bitcoins and keep it too. If the > number of miners is increased the security gets better but the energy > required to complete an economic transaction increases. If you use Bitcoin or > anything like it and you want honesty then you're going to have to expend a > ridiculous amount of energy every time you buy a candy bar.
This is not how it works. Each mining attempt also tries to fulfill the outstanding transactions in the network -- or at least the ones that pay what the miner considers to be an acceptable fee. Each block contains many transactions. Telmo -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/everything-list/6c80a0d6-6b45-48d6-9b84-ca946accd50b%40www.fastmail.com.
