Bitcoin's systemic flaw #29089

issue ChrisMartl opened this issue on December 15, 2023
  1. ChrisMartl commented at 9:28 AM on December 15, 2023: none

    “Bitcoin” doesn’t have a government (a coercion power), and thus must really on market processes i.e. on prices, which are determined by supply and demand. Consumer's wants and needs are signaled through prices, which are in turn satisfied by producers, who want to make a profit.

    In this sense, it seems to be a “Bitcoin” systemic flaw, that a valuable information like the “timechain” is not provided to the consumer in exchange for Sats; i.e. no market, no price mechanism and thus no profit or economic calculation in Sat terms for archival full node operators.

    How could storage devices be allocated in the “Bitcoin”-Network in a <decentralized> and thus sustainable way without a market for the “timechain file”? A market emerging ideally via enabled exchanges of the “timechain file” and Sats on “Bitcoin”-protocol level.

    PS: "timechain file" to be understood as abstraction for the different database files used and needed by the IBD phase and resynchronization of a full node.

  2. fanquake commented at 10:23 AM on December 15, 2023: member

    This would be better suited as a post to the mailing list. This issue tracker is used to track technical issues relating to the Bitcoin Core code base. General bitcoin questions and/or support requests are best directed to the Bitcoin StackExchange or the #bitcoin IRC channel on freenode.

  3. fanquake closed this on Dec 15, 2023

  4. bitcoin locked this on Dec 14, 2024
Contributors

github-metadata-mirror

This is a metadata mirror of the GitHub repository bitcoin/bitcoin. This site is not affiliated with GitHub. Content is generated from a GitHub metadata backup.
generated: 2026-05-01 06:13 UTC

This site is hosted by @0xB10C
More mirrored repositories can be found on mirror.b10c.me