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I Am Not Satoshi Nakamoto

schneier.com

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Re: I Am Not Satoshi Nakamoto

#181

Post by perl4ever »

toolz wrote: post #169
perl4ever wrote: post #140

Earlier quoted context omitted.

>You can locate, download, install, and set up a crypto wallet I was under the impression you had to download the blockchain for e.g. bitcoin before you could engage in transactions. Which is something like 350 GB at this point. And then do some processing that takes a while. Surely this takes a lot more than two minutes. If you didn't do that, do you really have a crypto wallet?

you don't have to be a synced, full node to have a wallet that you alone have full control over So to answer your question, yes I actually own the wallet and no it didn't take more than a minute at most for many different coins

If you're not a "full node" then you have to trust them, don't you? The whole trustless thing goes out the window.

So I'm not sure about that "full control" thing.

Re: I Am Not Satoshi Nakamoto

#182

Post by voxic11 »

cyphertruck wrote: post #122
arrakis2021 wrote: post #91

Earlier quoted context omitted.

Saw it a while back it’s pretty compelling that it is Adam

It’s not Adam. Adam was “late” to Bitcoin. Saying it is Adam is a psyop from some anti-bitcoin types. I’ve read the code and Adam’s code and interacted with Adam a great deal and read everything Satoshi wrote.

Adam claims he wasn't late, he claims to have corresponded with Satoshi from the beginning of the project, though he hasn't shown any proof of this.

Re: I Am Not Satoshi Nakamoto

#183

Post by toolz »

perl4ever wrote: post #181
toolz wrote: post #169

Earlier quoted context omitted.

you don't have to be a synced, full node to have a wallet that you alone have full control over So to answer your question, yes I actually own the wallet and no it didn't take more than a minute at most for many different coins

If you're not a "full node" then you have to trust them, don't you? The whole trustless thing goes out the window. So I'm not sure about that "full control" thing.

no, you don't have to be a full node to have complete control of your wallet because of asymmetric cryptography. You hold the private key to your wallet and without that private key no one can spend your funds.

It's not terribly different than if you were to encrypt some file and put it out on the cloud and delete it locally - as long as you have access to the cloud, you are the only one who can make sense of that file with your decryption key.

The distributed network of the blockchain is what ensures you'll have access to a node because most crypto coins have very distributed nodes.

Re: I Am Not Satoshi Nakamoto

#184

Post by perl4ever »

toolz wrote: post #183
perl4ever wrote: post #181

Earlier quoted context omitted.

If you're not a "full node" then you have to trust them, don't you? The whole trustless thing goes out the window. So I'm not sure about that "full control" thing.

no, you don't have to be a full node to have complete control of your wallet because of asymmetric cryptography. You hold the private key to your wallet and without that private key no one can spend your funds. It's not terribly different than if you were to encrypt some file and put it out on the cloud and delete it locally - as long as you have access to the cloud, you are the only one who can make sense of that fi…

But which chain? From what I read, it's very important to distinguish between the true chain which full nodes can come to consensus on based on proof of work, and a possible attacker chain which is longer, but low effort.

https://cryptoservices.github.io/blockchain/consensus/2019/0...

And I believe I've read that, when you aren't running a full node, you have to just assume the longest chain is the right one. I mean, all that data is the chain, right? If you don't process it, you have to assume other nodes are trustworthy.

What you are saying about complete control sounds to me like if I said I have complete control over my bank account, in the sense nobody can guess my password, but maybe the bank is fake and I'm not even trying to check.

Re: I Am Not Satoshi Nakamoto

#185

Post by Brian_K_White »

SahAssar wrote: post #155
Brian_K_White wrote: post #137

Earlier quoted context omitted.

Another way to think about that is like cash. When someone gives you some cash, should they be able to sneak into your sock drawer and take it back? Would you accept payment that came with a remote control held by someone else when you have no such way to recover your goods or services or time? Insurance and dispute resolution are separate jobs from the job of the money itself.

> Insurance and dispute resolution are separate jobs from the job of the money itself. But if you layer those on top of the money does not the whole stack loose the purported benefits of crypto-currency? What I mean is if you have intermediaries to handle Insurance and dispute resolution (which are needed since people want that) do you still get any anonymization or irreversibility benefits from crypto-currency? What…

"But if you layer those on top of the money does not the whole stack loose the purported benefits of crypto-currency?"

No.

I don't even know where to begin with unpacking all the invalid assumptions you just made.

The job of the money is just to be a counting system. It's just a variable that holds a value. What you do with that value is whatever you want.

You want to make some transaction be tentative and have recourse and strings? You can arrange for that an infinite number of ways besides processing through Visa in exactly the same way Visa does it this moment.

And of course you don't always want recourse. Eventually you want a transaction to be done and irrevokable.

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