It was Satoshi's fault Segwit was compatible with Bitcoin's protocol rules.
We discussed that in the
Long-term advance notice! thread.
Satoshi (actually the global elite) outsmarted you. SegWit is compatible with the protocol, but incompatible with a Nash equilibrium, because a huge “anyone can spend” booty piles up (currently 6 million
BTC).
Actually, Satoshi very clearly intended for new transaction types to be implemented exactly as Segwit was:
https://satoshi.nakamotoinstitute.org/posts/bitcointalk/126/I repeat again that we already discussed that and I rebuked your misunderstanding of what Satoshi wrote per the link you cited.
Go read again my (as relayed by @jbreher) rebuttal of @figmentofmyass’s quote of Satoshi, by clicking the following link:
https://bitcointalk.org/index.php?topic=5147618.msg51388201#msg51388201Let me further quote Satoshi Nakamoto from the link you provided:
The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime […]
I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network. The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint.
Satoshi (who is actually the think tank of the global elite who run this world behind the curtain) provided in Bitcoin’s protocol for a
political consensus “soft fork” to be attempted, but clearly understood it would not be a good idea. The reason it’s not a good idea is for the reason I have already explained numerous times to you in my prior posts. Specifically that it creates a huge “anyone can spend” donations booty which miners must take, as the only way to restore the Nash equilibrium. A Nash equilibrium is in this context a game theory that forces miners to mine on only one longest chain and thus that makes Bitcoin a reliable store-of-value. The Core BitcOn-job temporary dissolves the Nash equilibrium while the booty piles up (currently 6 million
BTC in SegWit UTXO ready for donating to the miners when they’re sufficiently incentivized and ready to start spending the booty to themselves when they win a block).
Political consensus is not a stable Schelling point because it has no fundamental value and no single-best, one-and-only Nash equilibrium (whereas multiple Nash equilibriums is the antithesis of what a Nash equilibrium means, i.e. the miners and token hodlers must have one strategy that is always best, not multiple choice chaos). The economic
opportunity cost of the 6+ million
BTC booty is a fundamental value. And only immutability of Satoshi’s “v0.1” protocol provides the
unforgeable costliness (i.e. not innumerable forks) that gives Bitcoin unique, rare, hardcapped money supply. Political consensus is never assured and stable (i.e. it is only an ephemeral illusion), because it changes with the political wind.
Political consensus is a power vacuum (i.e. not a stable value) that the fundamental economic opportunity cost must manipulate and capture. Fools like you do not understand fundamental economics nor the fundamental nature of political-economics. Again I will refer you to the writings of a man with a 160 I.Q. (i.e. 4 SD) and the comments of his numerous 3 and 4 SD I.Q. commentators:
Some Iron Laws of Political EconomicsThe global elite are rounding all of you sheepeople into a corral for harvesting. Lol. They have this planned out. I explained in the
Long-term advance notice! thread that the global elite financed Blockstream to hoist this Core SegWit scam, so they can fleece all the
BTC of minions and idiots before
they prepare to back Facebook’s 666 Libra currency with Bitcoin, thus making Bitcoin a world reserve currency that the uber elite control and own. You fucktards and your worthless network of nodes and exchanges are not needed at all. The global elite can create everything they need. The only point of this exercise has been to hoist the 666 system on the world in a clever, surreptitious (but in plain sight because people are stoopid), and insidious way so that you idiots would actually rally, cheer, and support your enslavement. Lol. Sheepeople such as all of you who are commenting in this thread, are fucking hilariously stoopid.
You just don't understand the game theory involved.
An idiot who doesn’t comprehend game theory trying to claim I do not understand the game theory involved. Lol.
If you doubt whether the miners have the concentrated resources to enforce the donations of the 6 million
BTC (and growing) “anyone can spend” booty, I suggest you re-read what @jbreher
wrote as quoted in the Long-term advance notice! thread.
When
BTC is say $50,000 in May 2020 at the halving (the approximate date when Craig is ostensibly promising to initiate the donations taking) and assuming that SegWit booty has grown to perhaps 8 million
BTC by then, that will be $400 billion in value with which to finance monopolizing all ASIC production. You fucking sheepeople idiots and your worthless networks of worthless nodes and worthless exchanges are irrelevant. Money (economics) talks, BS (talk, cheerleading, politics, and other hot air) walks.
You keep falsely asserting the most rational decision miners can make is to hard fork away from the majority of the network. You've done absolutely nothing to demonstrate this as a rational move. You perpetually fail to account for the lack of market value of the miner's fork. 6 million hard forked shitcoins valued at $0 is still $0.
Masturbation does not procreate. Politics does not create value. Power vacuums have no value and are merely for the taking by those who actually possess the power to take them against all others who might attempt to take. This is the definition of a power vacuum. A SegWit booty is a power vacuum.
Abstractly I
already cited for you well respected research that explains that nodes in a network are worthless without valuable connections between, i.e. the economically relative nodes are those that the global elite provide because they control most of the
BTC and the outcomes. It is the relative value of valuable connections between nodes that impart value to the whole network. We can essentially remove 99% of the nodes and most of the value is retained, because most nodes do not have valuable interconnections. The analogous logic can be applied to network effects also.
The global elite have this planned out very well. They will back Libra with their real, immutable Bitcoin after Libra is adopted worldwide due to the strong dollar vortex that will force people and companies of all nations to use Libra instead of their national currencies as their local currencies collapse in relative value to the US dollar which backs Libra (along with UK pound, Euros, and Yen).
After the SegWit donations attack, everyone will think Bitcoin died. The Tulip Mania story will be spread all over the news. The altcoins will collapse into the abyss. And the world will turn to Facebook’s Libra as a more reliable electronic currency that can actually scale and has a stable value relative to the four nation-state fiat reserve currencies that Libra is backed with.
So killing Core BitcOn has been the plan all along so that they could usher in Libra. Then later as the US dollar peaks in value and starts to fail as the world is in total monetary chaos/crisis, they will then reveal that the real Bitcoin never died and that it is worth $1+ million per
BTC. And they will start backing Libra with it, transitioning away from the U.S. Dollar to the cheers of the world which will have suffered so much from the strong dollar vortex monetary crisis (further abetted by Libra). In that way they bring us onto a 666 enslavement system which they entirely own.
BECAUSE YOU ALL ARE TOO STOOPID TO SEE WHAT IS REALLY HAPPENING IN FRONT OF YOUR EYES.The only people economically interested in this conspiracy theory are the miners stealing Segwit outputs. There are no other Bitcoin users who rationally, for economic reasons, would fork their software. Thus, you have not demonstrated why there would be any market demand for your shitcoin.
Blah, blah, blah. You’re an idiot who is going to fall into the woodchipper where you belong. You should not disrespect people who are much wiser and smarter than you, but yet you do. Hahaha. My popcorn is ready.
So you have Mircea Popescu, the colluding miners engaging in mass theft, and a few Aspergers-laden retards like yourself. That sure sounds like a network that will see mass/institutional adoption! We're all right behind you!
Hahaha. Go read @jbrefer’s post that I linked for you, fool.
Sorry to burst your bubble, but you have completely misinterpreted the source of Bitcoin's value. It is derived from its network. You can't have a network with hundreds of users and no economic activity and have it retain any value.
Lol, the only bubble you’re bursting is the irrelevance of worthless nodes and worthless networks.
It's just going to be like the last D&D game you played with your ragtag band of retard friends in your Mom's basement. No one will fucking notice you or care that you exist. Network data shows the network won't even notice you left. You would just be forking yourselves off the network into irrelevance.
Dude I am 54 years old. Keep on dreaming retard. And do not disappear when I am proven correct. I will be curious to see what you can say at that juncture. How will you react mentally and emotionally when everything I wrote is proven to be absolutely prescient?
[…]
Interested individuals should re-read all the prior discussion.
They certainly should. It's obvious you keep neglecting to address the massive holes in your ridiculous theory, which have been pointed out repeatedly. You merely keep repeating your claims ad nauseum with an attitude of authority, as if that's a respectable debate method. You are incredibly dishonest intellectually.
Remember I am perfectly happy if no one listens to me.
Good because that's already the position you occupy.......
Lol. You do not speak for those who hodl millions of
BTC. The important people listen. Because if they fail to listen, they will be impoverished and not important anymore. So after the SegWit donations restoration of the one-and-only, immutable, no-worthless-scammer-Core-political-circus-consensus, Satoshi “v0.1” real Bitcoin (i.e. not scammer Ver’s BCH nor scammer Craig’s BSV), all remaining important people will effectively have listened to me, or acted on their own analysis which is congruent with what I have written. Given I am the only person who has actively relayed this information from the bowels of the logs at
trilema.com, presumably they’ve obtained their information from me or directly from my original source.
We differ when we get to opportunity cost. As in, I don't think it's likely that there is one.
BTC can't be dumped for TRB because TRB will be blacklisted from any and every legitimate exchange and OTC broker. The few shady Chinese exchanges that may list it won't have any liquidity. Similarly, the Etherum DAO "attacker" couldn't spend his ETH anywhere. Hell, CSW sued a few people around the twitterverse and several of the largest exchanges delisted BSV. How much worse shape will TRB be in when the authorities declare segwit booty coins to all be considered stolen property?
Also, it would be much too risky, legally. People would go to jail or get killed for taking the booty. With the booty stolen, major exchanges would lose money, banks would lose money, oligarchs would lose money, nation states would lose money. Those people are the elite, and they would absolutely crush any miners who stole from them.
Besides all of that, it would be a PR nightmare. No one would trust the miners and TRB chain anymore. If the miners could collaborate to steal the segwit booty, they could also collaborate to start double spending on it at any point.
Here is my opinion. You are free to have your own opinion. And one of us will be correct. I dare you to store your
BTC in SegWit addresses that begin with a
3 if you have conviction about your opinion. Put your money where your mouth is, I certainly am.
I'm keeping all my BTC in legacy addresses. I've advised others to do the same. However, I'd estimate there's only something like a 10-15% chance that the booty will ever be taken.
Or you're just too emotionally and/or egotistically (as your link above would imply) invested in your narrative to see or acknowledge other possibilities. Whenever someone says that something is 100% certain to happen, that sends up a huge, red flag. When it's something like the segwit booty being claimed by miners, there are two many moving parts and variables, some known and some unknown, to draw a certain conclusion.
Virtually no one with any power has a significant amount of bitcoin.
Additionally there’s no law which prevents miners from obeying the immutable protocol. Where did you dream up this illegality nonsense? Cryptocurrency is not banking. There are no consumer protection laws. It is really amazing to me that you would make such a mistake in your thought process.
You're thinking like a computer scientist and not like a bureaucrat. Even common law would be enough to prosecute miners for defrauding thousands of people.
The Schelling point has shifted to segwit. The fact that the Schelling point was 1MB two years ago is becoming less and less relevant. The Schelling point of money used to be seashells. These things change, and in the bitcoin world they change at incredible speed.
Furthermore, you can't demonstrate conclusively that we're not at a Nash equilibrium currently. The linchpin of your entire theory is based on pure speculation that powerful elites will flood into TRB.
I'll publicly state that this is quite possible, but far from a certainty.
the right elites get involved, the other problems could disappear.
I began thinking about the 2008 housing crisis in the US, and how the elites committed fraud, crashed the economy, took millions of homes from people, and laughed all the way to the bank.
And no one went to jail. In fact, the government gave the banks more money, and executive bonuses hit new records. This seems to be an analogous situation to the segwit booty theft.
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