sirsplashalot
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November 23, 2018, 01:55:31 PM |
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BSV is happening #
Dude. Who gives a flying fuck if BSV gets 1,000 blocks ahead of ABC? It will simply be a less valuable, less used altcoin that has a needlessly high hash rate and is 7-8 spots lower in the market cap rankings than BCH. It's not like the exchanges and everyone else is gonna back-peddle and say "Oh shit, we messed up. Guess BSV is BCH after all." That's not how it works. That’s definitely not how it works. PoW is much stronger then ‘proof of exchange ownership ego’
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Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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Icutgrass205
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Bitcoin is today what the internet was decades ago
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November 23, 2018, 04:21:27 PM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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Crypitol
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November 23, 2018, 04:31:02 PM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
Everywhere, but the first is in it's opening argument abstract. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending The revocation of a trusted third or central party is the definition of decentralization.
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bones261
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November 23, 2018, 04:41:26 PM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.) Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government?
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HelgaJ
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November 23, 2018, 07:54:15 PM |
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At the moment, the price of this coin has gone down very much, but I believe that this project will remain one of the most powerful and promising.
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Icutgrass205
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Bitcoin is today what the internet was decades ago
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November 23, 2018, 07:58:04 PM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.) Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government? But it seems that temporary centralization of the mining nodes on SV is what is needed to push the global adoption for p2p electronic cash. SV wants to lock down the protocol, SV wants big business and enterprise level use of bitcoin. ABC does not want any of these things, hence the implementation of DSV which effectively makes bitcoin illegal.
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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bones261
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November 23, 2018, 08:11:17 PM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.) Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government? But it seems that temporary centralization of the mining nodes on SV is what is needed to push the global adoption for p2p electronic cash. SV wants to lock down the protocol, SV wants big business and enterprise level use of bitcoin. ABC does not want any of these things, hence the implementation of DSV which effectively makes bitcoin illegal. My concern with SV is it is obvious that if anyone comes along and has competing ideas, Dr Wright will just threaten to ruin and orphan them. How is that encouraging free and open competition? Agree with us or else? However, if I really had any skin in BCH, which I don't, I would prefer SV over ABC. Bitmain is the absolute worst. Anything that counters them is welcome.
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what is happening
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November 23, 2018, 09:30:56 PM |
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buying BSV dip like crazy
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bones261
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November 23, 2018, 09:40:37 PM |
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buying BSV dip like crazy
You realize Dr Wright doesn't respect people sitting in their pajamas and daytrading. To show your support, get a non-Bitmain Asic and start mining. (Or build platforms that actually give SV use cases.)
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cvdesty
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My concern with SV is it is obvious that if anyone comes along and has competing ideas, Dr Wright will just threaten to ruin and orphan them. How is that encouraging free and open competition? Agree with us or else?
It's because of self-centered people like Dr. Craig that regulations must come to this market. The crypto market already had a bad reputation. Dr. Craig made things much worse with his malicious threats. His intentions are highly questionable. He is not worthy of our support.
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nutildah
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Happy 10th Birthday to Dogeparty!
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
From Satoshi's introduction of the whitepaper: I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.
http://p2pfoundation.ning.com/forum/topics/bitcoin-open-sourceIts the entire premise of the idea. Creating a DECENTRALIZED currency. Show's over. Craig lost. Actually, all of BCH lost. Nothing more to see here.
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mk111
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November 24, 2018, 05:47:48 AM |
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BCash is slowly dying.... LOL i mean BTrash!
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bones261
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November 24, 2018, 06:03:49 AM |
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Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?
From Satoshi's introduction of the whitepaper: I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.
http://p2pfoundation.ning.com/forum/topics/bitcoin-open-sourceIts the entire premise of the idea. Creating a DECENTRALIZED currency. Show's over. Craig lost. Actually, all of BCH lost. Nothing more to see here. Thank you so much for this link. It totally debunks the narrative that the white paper doesn't mention the word "decentralized." https://www.youtube.com/watch?v=FscIgtDJFXg Last piece of the puzzle.
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Mrpumperitis
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November 24, 2018, 07:05:51 AM |
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https://twitter.com/ProfFaustus/status/1065920263093669889@wormholeSV Replying to @ProfFaustus Looking forward to seeing big business begin to use WSV tokens for loyalty points, stocks, and more. #BitcoinSV is business. Wormhole is here to compete. @ProfFaustus Coin Burning on SV is a donation to miners - thank you @VivienBTC What happenned to the Satoshi that was OK with it being a donation to the community? @TeamWinnaar losing keys != burning coins @ProfFaustus Correct
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Bitcoin - Blockchain 1.0 (2009) Ethereum - Blockchain 2.0 (2015) Partisia - Blockchain 3.0 (2021)
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what is happening
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November 24, 2018, 11:40:03 AM |
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guys buy as much as you can 0.03 minimum
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presduterte
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They call me Rad Rody.
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November 24, 2018, 11:47:51 AM |
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guys buy as much as you can 0.03 minimum
OK who deployed the low-effort SV pump bot? Real funny guys.
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bitcircle
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November 24, 2018, 12:06:44 PM |
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guys buy as much as you can 0.03 minimum
OK who deployed the low-effort SV pump bot? Real funny guys. Now whales have been divided in 2 groups this has been turned into war it seems this will continue for long time and only wise people keep making profit from this pump when it will happen.
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what is happening
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November 24, 2018, 12:17:36 PM |
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IMPORTANTTHING DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE
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Cryptoxz
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November 24, 2018, 12:19:46 PM |
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Very selfish people created big mess with this Fork, I personally never liked this small s*it coin bch . I really hope that people believing in the idea Satoshi for decentralization will BOYCOTT the two ugly kids of bch . Both of them have to go into the toilet .
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