I'm also unflinching in my wondering of why Peter McCoremack has dropped the defence of "truth".

... right, doesn't need to be wood fire just something that burns, when all else fails the ancient way to combat ice is with fire

... diesel, oil, gas, propane, wood, plastic ... anything that burns to survive, fuck these greenie idiots who've never lived in a true time of want or need

"Favourable to whom?" is the appropriate response.

Did you know Peter McCormack said "Craig Wright submitted a crazy amount of evidence that he is Satoshi in my lawsuit"?

Just take your initial investment back as that relieves any stress.

Nothing beats Playing with House Money.

By jove JJG I think you've grokked it!

If you can set aside your Craig Derangement Syndrome for a second and take an objective look at what BSV is doing you would see that this "foundational utility" is at it's core (pun intended).

BSV has merely reverted to the original design of bitcoin. Restoring SCRIPT, removing the unnecessary (can be done in SCRIPT) P2SH, removing various limits that allow it to scale. As it *always* could.

So this foundational utility is in Bitcoin *right now*. It always has been. Remember SCRIPT was there at the beginning, core disabled it. (which is why Vitalek made Ethereum... you do remember all this stuff right?)

I too have consistently talked about how utility value eventually outweighs speculative value. In that post (7 years old now, btw and I'm *still* saying the same thing. *Exactly* the same thing) I talk of "the adoption curve" this is driven by utility. I've already banged that same drum in this very thread!

So it's refreshing to hear others starting to see this.

I think your talk of me "giving up on his stupid-ass ideas" is wishful thinking, or perhaps even projection. I do wonder that some of the things I am saying might eventually seep through the thick skulls around here ;p

I missed the hat thing. I haven't asked what it's about but I am curious. If it has anything to do with the UASF hats, I'm not interested.

I'm not even implying it is necessary to use blockchains in tracking deliveries. I'm just pointing out a field of application where it might be useful to use some kind of blockchain

i think he is pissed about bitcoin because of this:


which is an impression on could get when seeing bitcointwitter and nothing else. there is a very vocal group, even guys like tone vays went down this shithole.

but: if my political opponent is getting rich isnt it my duty to also get rich? an asshole finding out about a great tool does not make me want to not use the great tool. of course i keep using it. cant let the opponent have the benefits just for him.

Of course, a certain fraction of bogus data makes a database worthless if you can't locate it and fix or erase it.
I'm trying to make a different point: legitimate uses of blockchains - unlike THE blockchain: maybe not permissionless, not PoW based etc - for specific application. An example: tracking deliveries.

Bitcoin solves a problem and the problem is what Bitcoin solves.

https://twitter.com/nntaleb/status/1360276917992230919?s=20

Btw what the F*** is happened with this guy.

Always respected him a lot, changing at the moment though.

if the "honesty" of the data cannot be enforced, what good is it to have fake data, that can´t be altered? and also: who is saying that time stamped data cannot be altered anyway? if it is a public blockchain, a 51% attack is always theoretically possible, making the entire endeavor useless from the get go. then better use a private blockchain? well, that is even worse, now you have created an extra slow and inefficient database with no better security than any other shared database.

there is a reason why it took satoshi nakamoto only 3 months between publishing a concept paper (white-paper) and rolling out the functioning public blockchain called bitcoin and for the next 13 years no one was able to come up with any other "blockchain product" (except for the all useless copy cats called shitcoins, which none are truly decentralized)
the entire Blockchain-not bitcoin narrative did not get a single use case identified, despite billions of dollars invested and years of research.

bitcointechnology is a one trick pony. blockchain is not a technology, it is a buzzword. imagine astronauts discovering some living creature on mars. it lives. the want to know what makes it "work" . if those astronauts were "blockchain-not bitcoin" dudes, they would identify some part of it as being the most important and cut it out. the creature dies and they wonder why. they think that "living" is a function of the part they cut out. but "living" is an emergent property of the entire organism that went through its evolution cycle. it is not a mere function of any identifiable part, that can be used without the rest of the creatures body.

we should discuss this topic down to the teeth. it is 2021 and this is a bitcoin elite grade forum. if we cant get it sorted no one ever will.  

the problem is that the only thing that is unforgeable is the transaction history of the used decentralized token. the only thing that a bitcoin protocol can guarantee AND enforce is the genuineness of the token.  it cannot enforce anything outside of the protocol. they are called token because all they can do is represent.  the tokens can not be attached to any thing in the physical world. supply chains or transport chains cannot be trusted only because some software is used. a bad actor can always just betray the system, the software cannot enforce anything. the bitcoin protocol can enforce the the rules that make a bitcoin a bitcoin. this is a closed system. since it represents money (which is an abstract concept, that is why has so far reaching consequences) we get a money that is not forgeable, cannot be censored, etc, etc.  the bitcoin protocol could not represent a container or an egg to make it a "honest" egg or container.

Any conspiracy theorists here?

Why would both India (expected) and Nigeria (unexpected) suddenly lurched toward banning or limiting all cryptocurrencies?
These two countries have quite a few people, lol.

My conspiratorial explanation is that as WS is getting into bitcoin, it does not want competition for the precious corn.
Nigerians were quite into bitcoin, I hear.

Say, a few massive wealth managers quietly talk to IMF or whatever other Central central bank there is, the IMF 'people' whisper something into India and Nigeria regulator's ears and voila-new policies are being enacted and competition to buy corn is lessened. US based hedgies/wealthies probably figured... less for them, more for us.

This all is just a product of my wild imagination, of course.