Satoshis Original Vision

[kokojie]

It's exactly your line of thinking has led Bitcoin down this path, price is everything you care. But you don't understand, without Satoshi's vision, there is no Bitcoin. What you will have is another bank/paypal, it may work better than Satoshi's Bitcoin due to centralization, it may worth a lot, but it's not the Satoshi's Bitcoin we signed up for.

Honestly, it doesn't matter what is the Satoshis original vision as he was disappeared long time ago and let it to core developers to handle bitcoin nodes. People don't care about original vision as bitcoin price is the best thing right now, and time will reveal the best coin among all of those coins, but bitcoin still far ahead from bitcoin cash or other altcoins. As long as people trust bitcoin and always use it, then it will always lead the market which the most important thing is usability.

[1715642684]

1715642684

[1715642684]

1715642684

[1715642684]

1715642684

[1715642684]

1715642684

[1715642684]

1715642684

[GreenBits]

It's exactly your line of thinking has led Bitcoin down this path, price is everything you care. But you don't understand, without Satoshi's vision, there is no Bitcoin. What you will have is another bank/paypal, it may work better than Satoshi's Bitcoin due to centralization, it may worth a lot, but it's not the Satoshi's Bitcoin we signed up for.

Honestly, it doesn't matter what is the Satoshis original vision as he was disappeared long time ago and let it to core developers to handle bitcoin nodes. People don't care about original vision as bitcoin price is the best thing right now, and time will reveal the best coin among all of those coins, but bitcoin still far ahead from bitcoin cash or other altcoins. As long as people trust bitcoin and always use it, then it will always lead the market which the most important thing is usability.

Amen. This was a social experiment that was going right. All of this, lately, this isn't what he wanted. We are chasing what other alt coins have instead of maintaining the casual nature it was intended for. In the end, we will indeed be efficient, but we will just be another alt.

Pretty much PayPal by another name, I concur.

We spent all the damned time building this trust, folks. Years of obscurity, and we are finally just seeing the light. We need to slow down. No matter what protocol emerges the winner in all this, if we lose the trust, we don't have anything

[thejaytiesto]

Maybe you sold your BCH and you are scared now. The rational scalation solution was simply increase block size. Segwit don't allow transactions with 0 fee for example. People don't want to pay to open a Lightning channel, they want cheap transactions and total control of their money. Instant transactions (offchain) are possible too with Bitcoin Cash so I'm sure that Bitcoin Segwit will fail.

When will big blockers understand the fact that you can't have "total control of your money" when you are handling the full validating nodes into the hands of corporations that will be validating everything for you because the blocks are too big to do it yourself?

BCash was DOA. They raised the blocksize limit and they can't even fill 1MB blocks because no one uses it, laughable.

We don't need to rush any hardforks anytime soon, if you support a hardfork you will lose your money every time.

I don't understand, does corporations have some kind of magical hard drive that the regular user can't obtain? I have six 10TB drive sitting on my desk right now, I can run 500 redundant copies of Bitcoin blockchain on them. Why do I need corporation to run a node?

It's not only about the storage, which would be growing exponentially and you would end up pissed off yourself eventually too, but about latency. Check this explanation of 3 minutes of why big blocks are stupid:

https://www.youtube.com/watch?time_continue=2941&v=iFJ2MZ3KciQ

Except full 8MB blocks Bitcoin current exists and works just fine, kinda defeats his argument right there. I run an abc node for BCash, my node works just fine, why should I be pissed off again?

It works fine because nobody is using it. If everyone was using Bitcoin ABC (AsicBoostCash) then the blocks would become full at 8MB, and it would be a mess for you to run a node, you simply couldn't. Also you aren't taking into consideration the latency issue.

Big blocks just don't work, but big blockers live on Willy Wonka's world and stay delusional to the technical realities.

[jonald_fyookball]

the blocks would become full at 8MB, and it would be a mess for you to run a node, you simply couldn't.

obviously you're talking out of your ass.  8mb is still a tiny amount of data.  It takes me about 1.3 seconds to download 8MB.

[rizzlarolla]

the blocks would become full at 8MB, and it would be a mess for you to run a node, you simply couldn't.

obviously you're talking out of your ass.  8mb is still a tiny amount of data.  It takes me about 1.3 seconds to download 8MB.

All part of the Blockstream-Core-Bitcointalk-Theymos propaganda machine.

[thejaytiesto]

the blocks would become full at 8MB, and it would be a mess for you to run a node, you simply couldn't.

obviously you're talking out of your ass.  8mb is still a tiny amount of data.  It takes me about 1.3 seconds to download 8MB.

Wrong, there's more than that:


https://www.youtube.com/watch?time_continue=2941&v=iFJ2MZ3KciQ

Sorry, no big blocks for you, Tim. You can bitch and moan all you want, but the real Bitcoin will not have 8MB anytime soon. You can stick to Bitcoin Trash if that makes you sleep at night. Enjoy your 15 seconds of fame while this pump lasts. Im glad I didn't dump all of my BCash myself, I will be able to get some extra free real BTC when I can be arsed to get them set in the wallet (reason BCC has a big marketcap is most people are still too lazy to get their coins or didn't even realize they received any coins). Also im sure the big big whales didn't even dump 1% of their wealth yet.

[Grrizz]

Blockchain/bitcoin is a technology and in the world of technology 8 years is a really, really long time. IMO the whitepaper should be viewed as a guide/foundation to be built apon, not taken for gospel. It was an incredibly forward thinking idea but that doesn't make it flawless and other proposed improvements/criticisms shouldn't be written off just because they weren't included in a 9 page whitepaper.

[kokojie]

Blockchain/bitcoin is a technology and in the world of technology 8 years is a really, really long time. IMO the whitepaper should be viewed as a guide/foundation to be built apon, not taken for gospel. It was an incredibly forward thinking idea but that doesn't make it flawless and other proposed improvements/criticisms shouldn't be written off just because they weren't included in a 9 page whitepaper.

Sure, improvements are great. Improvements are for example going from a Samsung S6 phone to a S8 phone, But you don't "improve" an Android phone into an iPhone and still call it Android. You'd call it what it is, an iPhone.

Once you change the entire ideology of what Satoshi created, and what many of us from 2010-2011 era signed up for. It can hardly be called Bitcoin anymore.

Also, when Satoshi left, he gave the "key to the kingdom" to Gavin Andresen, meaning to have Gavin to lead the development of Bitcoin further.

Guess which Bitcoin implementation Gavin Andresen would support now? hint: it's not Bsegwit

[DooMAD]

Satoshi's original vision is that whichever chain creates the most proof of work is Bitcoin.  It's in the abstract of the whitepaper to summarise the entire concept.  You can't get much more clear on what Satoshi meant:

The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers.

So how about everyone, that's both bigblockers and smallblockers included, stops bickering over which "side" has best interpreted Satoshi's original vision and just roll with it.  The only thing that matters in the end is the longest chain, providing it has an adequate quantity of nodes and sustainable economic activity to continue propagating.  BitcoinCash has fallen 900 blocks behind, so clearly that isn't Bitcoin according to the above definition.

[Soros Shorts]

Satoshi's original vision is that whichever chain creates the most proof of work is Bitcoin.  It's in the abstract of the whitepaper to summarise the entire concept.  You can't get much more clear on what Satoshi meant:

The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers.

So how about everyone, that's both bigblockers and smallblockers included, stops bickering over which "side" has best interpreted Satoshi's original vision and just roll with it.  The only thing that matters in the end is the longest chain, providing it has an adequate quantity of nodes and sustainable economic activity to continue propagating.  BitcoinCash has fallen 900 blocks behind, so clearly that isn't Bitcoin according to the above definition.

The corollary of this argument is that Bitcoin Cash nodes and miners are the attackers. 

[pinkflower]

Anyone else sick and tired to their back teeth of hearing this phrase pumped out endlessly by the BCC/BCH trolls as they try to justify their sickcoin?

For any BCH troll here is the nub, you have no idea what Satoshis original vision is because you cannot understand his Bitcoin whitepaper. 

Now piss off.

Its a BCC marketing push by Roger Ver himself to use on the noobs who dont know any better. But I will say this, BCC will be better than Segwit2x, and I respect the developers of BCC than I would Jeff Garzik.

The developers behind Segwit2x arent including replay protection.