Yeah just keep on doing what you're doing dickhead (do you expect me to be nice after you intentionally slander me twice and both times you are in error?).
There you are being either "not the sharpest tool in the shed" or intentionally disingenuous again. There is no correlation between what Cypherdoc wrote and the whitepaper....
Let's put some context in those quotes:There you are being either "not the sharpest tool in the shed" or intentionally disingenuous again. There is no correlation between what Cypherdoc wrote and the whitepaper....
2 things:
1. i think ppl under-appreciate the extent to which all participants in Bitcoin, including miners, volunteer and want to be part of a system that has the potential to make themselves extraordinary profits if it works as intended that being in an open, honest manner. there's a lot at stake in constructing a new financial system and those profits can only be made if it works properly as advertised in that open and honest manner that ordinary ppl can depend on. this is what will result in the trust needed so that the vast majority of humanity can buy into such a reliable system.
2. i think that the majority of ppl in this world want to be honest and wish to live in a society that has order. no one wants to live in chaos. everybody loses. in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed. thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive. to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.
1. i think ppl under-appreciate the extent to which all participants in Bitcoin, including miners, volunteer and want to be part of a system that has the potential to make themselves extraordinary profits if it works as intended that being in an open, honest manner. there's a lot at stake in constructing a new financial system and those profits can only be made if it works properly as advertised in that open and honest manner that ordinary ppl can depend on. this is what will result in the trust needed so that the vast majority of humanity can buy into such a reliable system.
2. i think that the majority of ppl in this world want to be honest and wish to live in a society that has order. no one wants to live in chaos. everybody loses. in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed. thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive. to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.
I don't know about everyone else, but it looks to me like Cypherdoc's point #2 clearly follows from point #1.
Where else have I heard something like point #1 expressed before?
Quote from: Satoshi Nakamoto
6. Incentive
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.
What was your specific accusation against Cypherdoc again?
2. i think that the majority of ppl in this world want to be honest and wish to live in a society that has order. no one wants to live in chaos. everybody loses. in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed. thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive. to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.
That is the same faith we put into a top-down democracy. Fact is a power vacuum sucks in those who can maximize the exploitation of the power vacuum.
You are violating the fundamental tenet of Satoshi's white paper which is decentralized trust, meaning we don't have to trust that people are honest.
Maybe it would help your argument if you employed more insults, or maybe created a few new sockpuppet accounts.
Since logic, evidence, and rational discourse don't appear to be in your toolbox, just stick with the "shouting down your opponents" approach.