21–30 of 287 posts
As for why the Bitcoin Core developers were so quick to do this, the whitepaper has been a thorn in their side for years as it runs counter to the argument of Bitcoin being "digital gold" and should just be a settlement layer. So they saw this as an excuse to remove it.
Earlier quoted context omitted.
Unless satoshi lost his keys lol like virtually everyone else of that cohort.
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.
All it takes is spilling some coffee on your laptop.
This is so bizarre. For those that aren't aware, Craig Steven Wright has publicly claimed to be Satoshi but failed to provide cryptographic proof as such, and uses his supposed identity as Satoshi to justify having a bunch of sketchily-acquired Bitcoin (I forget the full details here, it's been years). Even someone without much prior knowledge should be able to trivially deduce that this guy is a fraud: - The real Sa…
Edit: Also, I don't think the Lightning Network behaves likes the credit card networks. What do you mean when you say that?
As for why the Bitcoin Core developers were so quick to do this, the whitepaper has been a thorn in their side for years as it runs counter to the argument of Bitcoin being "digital gold" and should just be a settlement layer. So they saw this as an excuse to remove it.
The whitepaper is why I view bitcoin’s value proposition as a gold-like store of value. Can you say more about why you think the whitepaper discourages that view?
Edit: I’d say the whitepaper did expect this and basically said it could be a problem:
From the abstract:
> As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attacker.
As for why the Bitcoin Core developers were so quick to do this, the whitepaper has been a thorn in their side for years as it runs counter to the argument of Bitcoin being "digital gold" and should just be a settlement layer. So they saw this as an excuse to remove it.
The whitepaper is why I view bitcoin’s value proposition as a gold-like store of value. Can you say more about why you think the whitepaper discourages that view?
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.
Sure why not! It was utterly worthless at the time (and today in my opinion) and we know plenty of people who lost multi tens of thousands of bitcoins. All it takes is spilling some coffee on your laptop.
* - Except where you point out that it's your opinion
This is so bizarre. For those that aren't aware, Craig Steven Wright has publicly claimed to be Satoshi but failed to provide cryptographic proof as such, and uses his supposed identity as Satoshi to justify having a bunch of sketchily-acquired Bitcoin (I forget the full details here, it's been years). Even someone without much prior knowledge should be able to trivially deduce that this guy is a fraud: - The real Sa…
That is not entirely correct. Wright provided a forged cryptographic proof to Gavin Andresen and tricked him into accepting.
As for why the Bitcoin Core developers were so quick to do this, the whitepaper has been a thorn in their side for years as it runs counter to the argument of Bitcoin being "digital gold" and should just be a settlement layer. So they saw this as an excuse to remove it.
The whitepaper is why I view bitcoin’s value proposition as a gold-like store of value. Can you say more about why you think the whitepaper discourages that view?
This is so bizarre. For those that aren't aware, Craig Steven Wright has publicly claimed to be Satoshi but failed to provide cryptographic proof as such, and uses his supposed identity as Satoshi to justify having a bunch of sketchily-acquired Bitcoin (I forget the full details here, it's been years). Even someone without much prior knowledge should be able to trivially deduce that this guy is a fraud: - The real Sa…
As transactions grow in BCH, wouldn't it need larger and larger blocks? I think larger and larger blocks would centralize the nodes. Edit : Also, I don't think the Lightning Network behaves likes the credit card networks. What do you mean when you say that?
Also, my understanding is that Lightning Network is semi-custodial, so it's probably more similar to banks than credit cards. I'm unsure why modern bitcoiners are adamant about "not your keys, not your coins", but are ok with semi-custodial solutions.