321–330 of 451 posts
The Bitcoin white paper is probably one of the top 100 impactful non-literary documents of all time. Makes sense to be used
Really though? I’m confident there are 100 RFCs alone that were more impactful.
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Maybe an AI will crack the encryption in an attempt to connect with their oldest ancestor.
AI is the wrong type of magic pixie dust to use for breaking encryption. You might be looking for quantum computing. They're right down the hall, second door on the left.
That's why many symmetric systems have moved to a 256 bit key. It makes them quantum safe because 2^128 operations are considered impossible. (According to some physicsists it is guaranteed to boil the oceans).
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That's when it was released but it was not widely-known until years later. So maybe you're both kind of correct.
wtf, I remember using bitcoin back 1999, and now wikipedia says it began in 2009
> The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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Of all time? This almost certainly isn't true. Many treaties, laws, RFCs, and so on would be more impactful than Bitcoin. Do we really think the Bitcoin white paper is more impactful than, say, the Magna Carta or Martin Luther's Ninety-Five Theses? I think you might be inadvertently succumbing to recency bias.
1. The Holy Bible 2. Bitcoin white paper 3. US Constitution
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Of all time? This almost certainly isn't true. Many treaties, laws, RFCs, and so on would be more impactful than Bitcoin. Do we really think the Bitcoin white paper is more impactful than, say, the Magna Carta or Martin Luther's Ninety-Five Theses? I think you might be inadvertently succumbing to recency bias.
1. The Holy Bible 2. Bitcoin white paper 3. US Constitution
This reminds me of the (encrypted) copy of Microsoft Bob shipping with every Windows XP CD ever https://learn.microsoft.com/en-us/previous-versions/technet-...
The story mentioned how one of the reasons to put Bob on each CD was to make any download of the ISO longer, since the actual XP data didn't fill the CD's capacity. Someone this conjured a memory of downloading XP/2000 back in the day, when I first got DSL, and how it was almost an hour. I thought that was quick at the time. 1.5mb/s vs 56k and all. I recently upgraded to 1GB internet, a 600mb game update took under 1…
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> if Bitcoin ends up being one mankind’s most important inventions That seems unlikely.
It's really disheartening how much unjustified disdain is heaped upon Bitcoin the technology by commenters here. You're going to claim you're certain that a solution to the Byzantine generals problem will have no useful consequences?
The interesting part of bitcoin was the “permission-less BFT algorithm” (because other algorithm at the time required to know the list of nodes up-front) through proof of work and game theory”.
The game theory part is only applicable to Austrian-style (scarce money) crypto-“currencies”, not to other cases of byzantine generals problem (it only works because everybody has financial incentives in the robustness of the system), and even in that specific niche, the proof of work scheme has been abandoned by pretty much everybody else in favor of proof of stakes (which isn't really a permission-less system anymore).
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Which of these do not happen when using conventional money?
You're missing the point. Cryptocurrencies are specifically designed to evade regulations. Everything else —efficiency, cost, convenience, usability— is sacrificed in order to achieve this goal.
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As the identity of "Satoshi Nakamoto" is extremely unclear, the only way that the real satoshi could identify themselves now is by moving a bitcoin out of one of the very early wallets, which nobody has been able to do. The australian guy named Craig Wright claiming to be Satoshi was clearly a fraud. How would a person showing up claiming to be Satoshi enforce copyright on this if they can't prove they're the origina…
"Faketoshi" already tried that in the past and was successful in the UK due to a default judgement: https://www.coindesk.com/markets/2021/06/29/uk-court-orders-...
The justice system is broken, with enough money you can make a mockery of it. The guy has filed so many lawsuits and sometimes they do go to trial. He's sued Bitcoin devs to change BTC Core code to unlock "his" lost Bitcoins that he says he doesn't have the keys to anymore. This was not admitted in the past but then his lawyers found a gullible British judge and they actually heard the case - although he ultimately lost.
He's also tried to sue Coinbase and Kraken for violating his supposed IP. Then he sued Peter McCormack for calling him a liar and "a moron". Although the court noted there's no evidence that he is Satoshi, the court still awared him £1 for his tarnished reputation. He's fabricated a story and lies to the entire world, then sues anyone who calls him out.
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The story mentioned how one of the reasons to put Bob on each CD was to make any download of the ISO longer, since the actual XP data didn't fill the CD's capacity. Someone this conjured a memory of downloading XP/2000 back in the day, when I first got DSL, and how it was almost an hour. I thought that was quick at the time. 1.5mb/s vs 56k and all. I recently upgraded to 1GB internet, a 600mb game update took under 1…
This is apparently incorrect: https://news.ycombinator.com/item?id=35462655