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Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

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Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#191

Post by betterunix2 »

lawn wrote: post #57
toolz wrote: post #46

Earlier quoted context omitted.

Are those two concepts mutually exclusive? A liquid currency that holds value in unstable economies would seem to serve both the purpose of being spendable as well as a stable investment like gold. Maybe I'm misunderstanding what it means to be "gold like" though.

No they aren't mutually exclusive. In fact sound money should be both a good store of value and a medium of exchange (in other words work well for payments). The problem is that Bitcoin's high fees has made it unsuitable for regular payments, so proponents only have the store of value explanation left.

A good argument can be made that money should not be a long-term store of value, and should only store value long enough to be useful as a medium of exchange. The idea is that it is better to lend your money than to store it, and that the best way for people to "store value" is to be invested in economically productive activities.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#192

Post by 153791098c »

gruez wrote: post #150
153791098c wrote: post #114

Earlier quoted context omitted.

He probably wasn't fooled, or actually, he got screwed by both sides. He knew CSW wasn't satoshi, also he knew adam back was satoshi but couldn't tell anyone because of the NDA he signed (adam had long been compromised at that point). I think he felt the only way to save the project was to point to someone else being satoshi that did believe in the original bitcoin = p2p cash narrative, but that obviously backfired.…

>also he knew adam back was satoshi but couldn't tell anyone because of the NDA he signed (adam had long been compromised at that point). uhh what?

After you watch the socialy bareable video it would probably make more sense. Makes it pretty clear that adam is satoshi (i would say with a 99% certainty). Adam says completely different things about bitcoin today than satoshi did all those years ago. It's not definite that he was compromised but him taking back control over the project with blockstream and the direction he steered it in makes it pretty clear to me.

On Gavin, that's also explained pretty well in the video, also this reddit quote from gavin says more than enough for me (this was under a post named "How Craig Wright probably tricked Gavin Andresen"): "I won't violate people's privacy or repeat things told to me under non-disclosure agreements, so I'm stuck-- I'm not going to say anything more, except I suspect someday the full story will come out (and it'll be made into a movie).

Of course, everything I was told could be a lie, and even professional magicians can be fooled sometimes (ever seen Penn & Teller's Fool Us show ?)."

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#193

Post by gruez »

dane-pgp wrote: post #178
gruez wrote: post #165

Earlier quoted context omitted.

>That's not entirely accurate. His solution was to increase the block limit [1], and use faster computers [2]. This doesn't address the storage requirement problem. 15M transactions per day * 250 bytes per transaction = 1.369 TB per year. After a year most home users wouldn't be able to run a full node without shelling out for extra hardware. After 10 years you'll need to spend hundreds on hard drives just to get sta…

> After 10 years you'll need to spend hundreds on hard drives just to get started. Do you think that 10 years from now, a 15 TB hard drive will cost at least $200?

Maybe? Hard drive growth speeds have slowed down in the past decade or so. While there's no doubt that storage capacity growth will outpace transaction volume growth, and that eventually it would be feasible for a typical home user to run their full node (at visa's TPS). It remains to be seen whether that's 10 years away or 50+ years away.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#194

Post by GoblinSlayer »

FabHK wrote: post #181
GoblinSlayer wrote: post #163

Huh? You can't claim authorship of anonymous publication. Neither the author, nor anybody else, it's the whole point, anonymous once anonymous forever.

That is not only false in this case, but also in general. As another refutation, consider A Warning , by Anonymous, subsequently revealed to be Department of Homeland Security official Miles Taylor.

You can personally believe such revelations, but they aren't binding.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#195

Post by mathiasrw »

gaius_baltar wrote: post #105
wildrice wrote: post #2

"Yesterday both Bitcoin.org and Bitcoincore.org received allegations of copyright infringement of the Bitcoin whitepaper by lawyers representing Craig Steven Wright. In this letter, they claim Craig owns the copyright to the paper, the Bitcoin name, and ownership of bitcoin.org. They also claim he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin, and the original owner of bitcoin.org. Bitcoin.org and Bitcoinc…

> In this letter, they claim Craig owns the copyright to the paper, the Bitcoin name, and ownership of bitcoin.org. Isn't that basically asking for a lawsuit in the format of "Prove that you are Satoshi or be charged with perjury" ? Why is CSW still able to play these tricks?

Yes it is. He is wanting to get into a situation where he can provide proof in a legal setting so that any outcome can be used in other legal battles.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#196

Post by SquareWheel »

betterunix2 wrote: post #185
__blockcipher__ wrote: post #19

Earlier quoted context omitted.

You think a guy smart enough to give birth to Bitcoin, and maintain complete anonymity while doing so and while communicating in public forums etc, would forget his private key? You just need to remember one seed and suddenly you have billions of dollars of value stored in your brain. I don't think that's a realistic possibility.

Maybe his house burned down and he had failed to keep offsite backups. Maybe he never made backups in the first place and his hard drive failed. People make all kinds of mistakes, sometimes very costly mistakes.

And plus, who knew it would grow so big when things were just getting started? For all we know it was used as a test of the program rather than a real account.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#197

Post by rlt »

__blockcipher__ wrote: post #180
rlt wrote: post #153

Earlier quoted context omitted.

I’m not ideological about this, but I don’t understand how it’s not obvious to anyone technical that Bitcoin can’t simply keep increasing block size to meet global/mainstream demand for payments without eventually sacrificing decentralization, which is the only characteristic of Bitcoin that makes it valuable. Sure, doubling the block size a few times would likely be fine, so Bitcoin may be overly conservative right…

Please specify what you mean by "decentralization". If you want I can explain the classic (fallacious) bitcoin core argument here, which is in essence: some poor person in the 3rd world needs to be able to fit the whole blockchain on their raspberry pi. EDIT: Meeting ended early, so I'll just take this on now. First things first: > Sure, doubling the block size a few times would likely be fine, so Bitcoin may be over…

A Raspberry Pi is extreme, but again, I’m not talking about a few block size doublings. “Visa scale” is on the order of 1000x Bitcoin’s current capacity.

The other argument I’m familiar with is longer block propagation times lead to more orphan blocks, which is a centralization pressure.

EDIT: responding to your edits:

> layer 2 payment solution which essentially will force transactions to route through centralized middlemen

1. Layer 2 solutions aren’t necessarily centralized

2. Even if they are all centralized I don’t believe it’s worth sacrificing decentralization in the base layer to support small payments

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#198

Post by adventured »

betterunix2 wrote: post #185
__blockcipher__ wrote: post #19

Earlier quoted context omitted.

You think a guy smart enough to give birth to Bitcoin, and maintain complete anonymity while doing so and while communicating in public forums etc, would forget his private key? You just need to remember one seed and suddenly you have billions of dollars of value stored in your brain. I don't think that's a realistic possibility.

Maybe his house burned down and he had failed to keep offsite backups. Maybe he never made backups in the first place and his hard drive failed. People make all kinds of mistakes, sometimes very costly mistakes.

> People make all kinds of mistakes, sometimes very costly mistakes.

For example, pizza-Bitcoin guy. The stories always talk about how he traded 10,000 Bitcoins for two pizzas. That's only a small part of the story, what actually happened is drastically worse. He sold several times that many Bitcoins in other low-value transactions at the same time (some straight up for cash) and did the pizza trade more than once.

Pizza guy likely traded a minimum of 50,000 Bitcoins for less than a few hundred dollars of value. That's $1.6 billion presently at 50k.

Re: Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW

#200

Post by heidar »

elliekelly wrote: post #89
uncletammy wrote: post #62

Earlier quoted context omitted.

They removed the whitepaper about as fast as they removed Gavin Andresen's commit access once they found justification. There are a lot of bad things you can call the BTC core devs but they sure as hell seize every opportunity to grab power.

BitCoin’s short history seems to have quite a lot of drama. Every once in a while I pop in to get an idea of what’s happening in the world of BitCoin but it’s not something I really pay much attention to so I’ve definitely missed out on quite a lot of “big” news stories. If anyone knows of good books or podcasts about the history of BitCoin and the various characters/motivations involved I would be most interested in…

Not a podcast or a book but the Cryptopia documentary gives a pretty good overview of what has been happening in the cryptocurrency space in the past few years.
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