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Author Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision  (Read 94787 times)
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March 31, 2019, 04:21:30 PM
 #181

@jamespastagueule and @human8ty bumps less than 24 hours are not allowed. If you have the last reply on the topic, then instead of making a new post edit the last post and include any updates over there.
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March 31, 2019, 07:19:05 PM
 #182

@jamespastagueule and @human8ty bumps less than 24 hours are not allowed. If you have the last reply on the topic, then instead of making a new post edit the last post and include any updates over there.

Once again, it's pathetic talk place? Bitcointalk's legendary censorship of BSV again. It is forbidden to inform otherwise you will be blocked  Cheesy sorry @jamespastagueule and @human8ty you are targeted...

Edit update: it is prohibited to prohibit in the name of freedom to censor.
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March 31, 2019, 07:35:30 PM
 #183

@jamespastagueule and @human8ty bumps less than 24 hours are not allowed. If you have the last reply on the topic, then instead of making a new post edit the last post and include any updates over there.

Once again, it's pathetic talk place? Bitcointalk's legendary censorship of BSV again. It is forbidden to inform otherwise you will be blocked  Cheesy sorry @jamespastagueule and @human8ty you are targeted...

Edit update: it is prohibited to prohibit in the name of freedom to censor.

 Cool Back to the time of homo sapience returns act 4
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March 31, 2019, 08:01:20 PM
 #184

In the case of a payment system using the Bitcoin SV, will the fees for transactions always be low and will they be treated according to the number of bytes per transaction?

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March 31, 2019, 08:23:15 PM
Last edit: April 15, 2019, 03:30:17 PM by mprep
 #185

In the case of a payment system using the Bitcoin SV, will the fees for transactions always be low and will they be treated according to the number of bytes per transaction?

Peer-to-peer digital electronic cash Bitcoin is not a cryptocurrency.

Too many people get it wrong. As the white paper explains, Bitcoin is a peer-to-peer electronic cash system. In the white paper, it is written, “costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.”


There is a reason for it; Bitcoin is an electronic cash system, not a ‘crypto’ system, and not a currency in any form. I will start detailing the part concerning currency.

What is currency?
Black’s Law Dictionary defines currency as:

Coined money and such bank-notes or other paper money as are authorized by law aud do in fact circulate from hand to hand as the medium of exchange.
[Griswold v. Hepburn, 2 Duv. (Ky.) 33; Leonard v. State, 115 Ala. SO, 22 South. 504; Insurance Co. v. Keirou, 27 111. 505; Insurance Co. v. Ivupfer, 2S 111. 332, 81 Am. Dec. 284; Lackey v. Miller, 01 N. O. 20]

Alternatively, other terms such as virtual currency have developed. A virtual currency is defined as:

A digital representation of value that is not available in physical form but which can be used as a medium of exchange, a unit of account, or a store of value. Virtual currency is stored and transacted in electronic form, and therefore does not have legal tender status in any jurisdiction. Virtual currency includes a subset referred to as cryptocurrencies (an example of which is Bitcoin) which are protected by cryptography.
Unfortunately, the errors around what Bitcoin and other things are have propagated, and many people claim that even Bitcoin is a cryptocurrency.

A subset of virtual currency and digital currency that is protected by cryptography and predominantly generated and exchanged through the use of blockchain. While all digital and most virtual currencies are centralized with supply controlled by the developer of the currency, cryptocurrencies such as Bitcoin are decentralized and not created or controlled by a single central entity. Therefore, supply and value of cryptocurrency is determined by demand.
As such, they fail to even define the notion of decentralized. Even the description used is logically flawed. Virtual currencies are defined as being centralized because the supply is controlled by the developer of the currency. They write that cryptocurrencies would be different because they were decentralized and thus not controlled by a single entity or group (such as a small group of developers as with Bitcoin Core or Ethereum).

The same by nature reflects a requirement for a set protocol. If any party can alter the protocol, then it is not by nature decentralized and is controlled by a single (usually not incorporated) entity. Importantly, the Fifth Money Laundering Directive ((EU) 2015/849) (MLD5) has already been updated to incorporate all of the changes, and unfortunately misuses the terms cryptocurrency within the industry.

Article 1(1) of MLD5 extends the “obliged entities” that fall within the scope of MLD4 in a number of ways, by amending Article 2 of MLD4.

Providers engaged in exchange services between virtual currencies and fiat currencies. Fiat currencies are coins and banknotes that are designated as legal tender and electronic money, of a country, accepted as a medium of exchange in the issuing country, such as the euro. The Commission refers to this type of provider as a virtual currency exchange platform (VCEP).
Importantly, the MLD5 already calls for provisions to:

…combat the risks related to the anonymity, national Financial Intelligence Units (FIUs) should be able to obtain information allowing them to associate virtual currency addresses to the identity of the owner of virtual currency.
Crypto
The confusion stems from the fact that ECDSA, the digital signature scheme used within Bitcoin, has a similar basis as elliptic-curve cryptography or ECC. In fact, public-private key schemes within both of them are exactly the same and interchangeable. The difference is that bitcoin is a mere signature. It is sent in clear text. Cryptography by definition is secret writing. Bitcoin is not secret. Unfortunately, here lies the confusion that has become part of the core of the system.

Cryptography simply means secret writing. As explained, many of the mathematical functions used within Bitcoin are similar to those used within cryptography, but Bitcoin is not cryptographic.

Digital signatures are based on the same mathematics as public-key cryptography. Here’s where it ends. Based on does not mean is. A digital signature is a tool that provides a means to validate the authenticity and integrity of any data. It does not provide confidentiality — which is encryption.

E-currency
Bitcoin is not a currency or an e-currency at present, but it could be. Importantly, tokenisation methods allow for the creation of a national currency on top of Bitcoin. Such a system would be an e-currency.

It is not a lost cause even now, and we have the capability to securely tokenise currency offerings on top of Bitcoin.

Unfortunately, many many people have not understood the nature of Bitcoin, currency, or how the system functions. The truth of the matter is, Bitcoin is and was at its heart an electronic cash system that works as a peer-to-peer exchange. It is not because nodes act as peers, but rather individuals do. When Alice and Bob exchange consideration using Bitcoin, Alice sends a transaction to Bob that he can send to the network to be settled. The peer-to-peer process here happens between Alice and Bob, and does not involve the network other than settlement. Too many people have got it wrong.

Far too many people fail to understand what I said. At no point have I said that Bitcoin is a cryptocurrency, a currency in any form, or anything monetary-wise other than digital electronic cash. It is important; there are legislative requirements detailing the handling of currency. The handling of Bitcoin and other electronic systems has now been incorporated into the acts. Having said so, Bitcoin only becomes an e-currency when it is used as a national currency or when it is the basis for any currency that has been built into a script within Bitcoin as a token.

https://medium.com/@craig_10243/peer-to-peer-digital-electronic-cash-369bb306028b



Another very interesting reading on BSV: Why the protocol is set ?

Bitcoin is only decentralised when power is removed from developers and others who can change the protocol. That is the point. The argument about decentralisation is about decentralisation of power.

The only method to maintain decentralisation of power is to set the protocol and lock it. It must be set in stone.

When, as with BTC (SegWit Core) or ETH (Ethereum post DAO), you end up with a few developers who have the ability to alter the protocol, you have the power to impact a large number of people — which is not decentralised as claimed but rather highly controlled.

The same matter of course is what the developers seek to cover and hide. They want power, they want control, and they achieve the same by misleading others into believing that the protocol needs to change.

An example scenario
To discuss the matter, I will explain by example of a scenario what could occur. Let us say that two individuals have a long-term relationship and an investment. As a result, they construct a two-of-two wallet. Alice and Bob must both sign.

We face a fairly standard two-of-two multi-sig address.


Let us propose that both Alice and Bob are through such a method preparing a gift for their grandchildren. Their grandchildren have only been born recently, and Alice and Bob have two grandchildren who are less than one year old. Alice and Bob have decided that they want their grandchildren to have access to money that they were investing for them — but not until their grandchildren turn 25. It is actually a scenario that can be problematic in law. It is an area where parents and grandchildren have decided to attack the concept of common-law trusts and argued that they should be allowed to access their money earlier, and in some jurisdictions, courts have allowed it. There are ways around it that would enable blocking funds until the individuals turn 25, but doing so can be expensive and then difficult to change. Bitcoin solves such an issue.

Let us say that Alice and Bob are in their 80s. They do not know whether they will see their grandchildren turn 25, and even today living to one’s hundreds remains unlikely.

Alice and Bob create a laminated paper wallet for each child. It is stored in a safe deposit box.

Alice and Bob want to ensure that their children cannot pressure them into spending the money if something happens to the other grandparent. They know their children can be manipulative, want access to the funds, and would seek to gain control if anything happened to either Alice or Bob.

Consequently, Alice and Bob deposit an initial amount of 100 bitcoin into the multi-sig address. Alice and Bob decide jointly that they will not spend more than 50 bitcoin of the joint address ever, and promise to leave the rest to their grandchildren.

To ensure the pact, Alice and Bob sign a series of nLockTime transactions. They don’t want their children to know what they are. They also want to lock it so that if something happens, the other cannot be pressured into altering the trust.

Alice and Bob sign a future-dated nLockTime transaction for 50 bitcoin. Alice assigns it to Bob and Bob assigns it to Alice. It is set for six months from now, and every three months, Bob and Alice update the process discarding the original transaction.

Bob and Alice trust each other, so they do not see the process as an issue.

Bob and Alice also sign 25 bitcoin to each grandchild from the untouched 50 bitcoin and 25 bitcoin to each grandchild from the 50 bitcoin that they have an earlier time lock on. The time lock is set to 25 years from now for each grandchild.

Things change…
Six years have passed, and Alice and Bob now have two more grandchildren. They now alter the process to assign 12.5 bitcoin to each grandchild from each of the two lots of 50 bitcoin — which means potentially 25 bitcoin for each grandchild if Bob and Alice do not need to access the other 50 bitcoin. The lock time here is set to expire allowing access to the coins 19 years from the date.

Two years from the same date, with 17 years to go before the grandchildren are old enough, Bob passes away leaving Alice. Alice can no longer alter the pact that she and Bob set up, even if she is pressured by her children to do so. So now, there are four transactions that pay 12.5 bitcoin to each of the grandchildren which cannot be altered and reconfigured, so that each grandchild can only access the funds when they turn 25. As such, two of the transactions are configured to be accessed in 17 years and the other two in about 22 years when the respective children turn 25.

With Bob gone and Alice’s health and wealth on the decline, Alice needs to access some of the funds. She can never draw down on the 50 bitcoin that had been left for the grandchildren no matter what pressure would come. She can gain access in a few months to the coins left by Bob assigned to her. The respective locked transaction becomes valid in three months, and Alice is able to pay for the care she needs. As Bob assigned the transaction to her, she can now sign, too, completing the transaction. It had been signed so that Alice can now move control over 50 bitcoin to her address that is a single-key address she controls.

During the same time, bitcoin has become valuable, and Alice’s greedy children pressure her for access. Bob and Alice were afraid so, and feared that in their old age the pressure from their children might lead them towards giving up control of their money. Alice pays 20 bitcoin to cover the expenses she will need in order to enjoy the rest of life, and leaves 30 in her control.

She signs a time-lock transaction for the 30 bitcoin dividing it up between her grandchildren. Each of them will receive 5 bitcoin when they turn 25. She leaves the other 10 bitcoin to her children, and destroys her private key. She tells her children, who are angry and upset because she has time-locked the payment so that her two children can only access the amount of bitcoin in the locked transaction 10 years from now.

Her children do their best to try and take control of the assets that Alice used to control, but as she has overwritten the keys, they can no longer do so. Similarly, when Alice and Bob’s mothers were both alive, they too set up a custodial-wallet system associated with the children. Each of the time-locked transactions to the children are configured to transfer coins to addresses that the children own, but only when the time block is validly released.

Once the grandchildren turn 18, their parents will no longer be able to pressure anyone into giving the money to them. Alice’s children will have to make do with the comparatively small amount she has left them and let the grandchildren inherit when they turn 25.

Two years pass, and Alice also passes away.

Each of Alice and Bob’s children now have a locked transaction that they cannot access for another eight years.

The four grandchildren are able to recover their bitcoin by spending the locked transaction as they each turn 25.

Custodial services exist in such a world to ensure that no data can be lost. They use an encrypted copy of the locked transaction, and store it on-chain. Nobody can see the transaction unless they know the details to access it, and yet it is perfectly secure.

Unlike on-chain solutions such as CLTV that are public, the nLockTime transaction field allows Alice and Bob to construct a trust that remains secret. They used to be common in countries such as England, and allowed people to plan their estates without having to tell everyone what they own. In other words, they allow privacy.

Unfortunately, the lies that have been propagated by a bunch of people seeking to make a drug coin have led people to not understand Bitcoin’s strengths. Not everything should be on-chain. Importantly, even though Alice and Bob created keys for their children and grandchildren, they maintain the ability to control their own finances and secession without allowing others to see what they wanted to do.

It is what Bitcoin is.
It is the strength and benefit of Bitcoin. If anyone tells you otherwise, they are either ignorant of what Bitcoin is or rather disingenuous.

Here lies the reason why the protocol needs to be fixed and set in stone. If the protocol changes during the described period, then everything Bob and Alice have planned falls apart. Let us say that there is a major protocol change one year after Alice dies. The signature format is altered, and some of the opcodes that Bob and Alice used are now rewritten. The locked transactions are no longer valid. Alice and Bob have passed away, and hence have not been able to sign the transaction so that bitcoin is lost. A bunch of developers have altered the protocol and destroyed their wealth.

To be money, to be a source of contracting and wealth, Bitcoin needs stability.

Developers will tell you that they need to be able to change the protocol. It is a lie. It is a means to grasp power. If the developers can change the protocol, they have the power over the system and can alter everyone’s wealth in the system. They will tell you how bad miners are; but miners can only follow certain rules, and cannot change the protocol.

A miner can reject a block that they do not want to process and risk losing money in the orphaning of anything they win after doing so. A miner can decide whether a block is valid with a thousand transactions or a million transactions and to risk losing money to enforce his decision but cannot change the protocol. If the block cap is set to 128 MB, it has no impact on the protocol. The transaction that Alice and Bob signed remains valid. A transaction signed on a 20-year-old version of Bitcoin software will have remained valid.

For the developers to alter the protocol, they need to fool users and the system into accepting a new and replacing the old software being used.

If a transaction cannot be saved offline for 50 years and then introduced later, the protocol has changed. Bitcoin requires stability in the protocol to be money. It is not just the limits of 21 million bitcoin, and it has nothing to do with the capacity of blocks; the protocol requires that transactions written now remain valid in the future.

Bitcoin (BSV) will have all of the initial opcodes fixed and re-enabled this year. Once this happens, a transaction signed in 2020 within an nLockTime and set for 50 years from then will be valid in 2070. Such is the strength of Bitcoin.

The same will not be the case with SegWit coin (BTC) or any of the other altcoins.

The reason is simple: Unlike Bitcoin, the alternative systems are about developer control. They are a small group of people seeking to control and alter the protocol in Bitcoin because they want to control the monetary and contract system that Bitcoin can create.

Bitcoin is not about giving power to a few developer wizards. It is about taking power away from anyone wanting to change the monetary system. It is removing power. Bitcoin stops anyone from altering the system. It is the strength of Bitcoin. And to achieve such an end, the protocol must be set in stone.

If a developer can change Bitcoin such that a transaction written now will not be valid in a year, 10 years, or even 50 years, it is not Bitcoin.

https://medium.com/@craig_10243/why-the-protocol-is-set-7db4f764c97c
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April 01, 2019, 10:32:33 AM
 #186


Bitcoin SV mines first ever 128MB block, proving Satoshi’s Vision !

The Bitcoin SV (BSV) has targeted scaling massively, with the faith that if you provide the world an unlimited block size, developers and users will find a way to create new possibilities. This faith is already confirmed, as the BSV blockchain has now mined its biggest block yet: 128MB.

The momentous occasion came at 12:36 a.m. UTC On March 30, when a 128MB block was confirmed by nChain’s BMG mining pool. The block held 1,440 transactions, and could very well be the record for a while, as it’s the current block cap for the BSV blockchain.

This beat the previous record, set less than an hour earlier, of 124MB. That block was also mined by nChain’s BMG mining pool.

These aren’t isolated incidents either; BSV has seen its block size growing pretty consistently. It hit new records on March 27 with two blocks over 50MB. It then smashed those records with a 113MB block on March 28.

This is once again confirmation that BSV has vindicated Satoshi’s original vision of massive scaling. By giving the world more possibilities, businesses and users have met the challenge and used increased block sizes to their full potential.

Important figures in the Bitcoin world have celebrated this momentous occasion on Twitter. Bitcoin Association Founding President Jimmy Nguyen commented “We now live in the era of 128MB blocks.”

Since the block cap has been reached, the next step will be to scale even more. The Bitcoin Association has previously stated the goal is to scale to 1GB in the near future, and it looks like that bigger block size will come in handy as the Bitcoin community continues to find new ways to fill those blocks.

There can be little doubt that they will, either. It’s only been a few months since Bitcoin was reborn as Bitcoin SV, and since it started down its path of unlimited scaling, protocol stability, and professionalization, so many businesses and applications have developed and found adoption. Exchanges have come on board, wallets have signed up, and new payment options have adopted BSV. And that’s just talking about the ways BSV can be used as the world’s new money.

Let’s not forget the new ways BSV has unleashed the blockchain as the world’s data network. With the increase of OP_RETURN, apps like Bitstagram and Bitpaste are now possible. Looking to a future where BSV is the place we turn to for data, we also now have Bottle, the BSV blockchain browser, a dedicated way to pull up files saved to the blockchain.

There’s no better time to celebrate the achievements of the BSV blockchain. If you’re looking to mark the occasion, why not check out the upcoming CoinGeek Toronto conference. Like Calvin Ayre noted, this scaling conference will have the top minds of the BSV world, and will celebrate the scaling achievements we’ve already seen. If you want to be a part of it register to attend, and show your appreciation of BSV and save a few bucks by using BitcoinSV via Coingate.

News sourcing from https://coingeek.com/bitcoin-sv-mines-first-ever-128mb-block-proving-satoshis-vision/


Bitcoin SV thriving with massive scaling, big blocks every day !

Big blocks are becoming an everyday affair for the Bitcoin SV (BSV) blockchain. After the world saw the first 128MB block mined on March 30, several more big blocks have been mined, proving again and again that when Bitcoin was unleashed, it provided possibilities the world was waiting for.

On March 31, at 7:41 p.m. UTC, another 128MB block was mined, this time by CoinGeek Mining. It held 1,398 transactions, and came with an award of 1.27 BSV, higher than the regular block award. That’s crucial, as it demonstrates scaling to allow more transactions in a block, and thus higher fees for the miner, provides a new economic model for miners to pursue for profitability, and allow Bitcoin’s success in the long term.

This block size isn’t a fluke either. The blockchain also saw an 87MB block and a 101MB block on March 31. BSV is proving that the Bitcoin Core (BTC) crowd couldn’t have been more wrong when they said big blocks couldn’t be done. It’s also proving that Bitcoin Cash ABC’s (BCHABC) path of instability and protocol changes drove users and developers away. Instead, they came to BSV, the only crypto using Bitcoin’s original whitepaper as intended, because of the stability it guarantees, and the limitless on-chain possibilities it’s creating from massive scaling.

The long term profitability created by these big blocks, and all the transaction fees they net for miners, can’t be emphasized enough. This is what Bitcoin’s business model was always meant to be, to ensure miners always had a reason to focus their efforts on the blockchain, gaining transaction fees for their work when block rewards dry up.

Instead, the BTC developers who hijacked its protocol and development sold fairy tales of the “Lightning Network.” That model simply isn’t Bitcoin anymore, doesn’t benefit miners, and would only help to enrich the few involved with its creation.

Thankfully, the BSV team has stuck to its convictions, and we’re now seeing the fruits of their labor. The business community has recognized that and come along for the ride too, making these big blocks possible.

Many of these recent record breaking blocks can be credited to the work of Ryan X. Charles and his Money Button team. Their creation of BitPaste, and the new “parallel swipe Money Button,” allowed Charles to fill at least three of these record setting blocks with transactions. He also showed the world how you can use the blockchain to its fullest potential (at least until it scales further) with tools already available to the public.

All of this proves that Satoshi’s original vision, now followed by BSV, has saved Bitcoin. The path championed by Dr. Craig Wright, Bitcoin Association Founding President Jimmy Nguyen, and well supported by Ryan X. Charles, is creating a world of new possibilities, and for miners, revenue streams. The conditions that created a nightmare for BTC in late 2017, namely a high volume of transactions, is creating rich possibilities with BSV.

BTC proved that without scaling, Bitcoin will die. BSV is now proving that when you unleash the blockchain, Bitcoin thrives.

If you want to celebrate the renewed life of Bitcoin, and the development of Bitcoin SV, what better way than to join the CoinGeek Toronto scaling conference. It’s easy to register, and use the world’s new money to register, and get a discount, by using BitcoinSV via Coingate. Is on https://coingeek.com/bitcoin-sv-thriving-with-massive-scaling-big-blocks-every-day/
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April 01, 2019, 10:42:01 AM
 #187

Dr. Craig Wright: Just like all of us, data wants value too !

https://www.youtube.com/watch?v=wVbLyUWmCHU

The Bitcoin SV (BSV) blockchain will be the world’s new digital currency, but it has bigger ambitions than that. Through the Metanet project, and the limitless potential of massive scaling, BSV will recreate how the world manages its data and content as well. nChain Chief Scientist Dr. Craig Wright joined CoinGeek’s Stephanie Tower to discuss his plans for Bitcoin, now reborn with BSV.

The idea behind Metanet is fairly simple, but ambitious. Wright explains:

“We’re starting to publish ideas based on some of the technology I’ve been developing the last 10 years, and we’re putting it up there so that anyone can take this and build solutions. Now, this is everything from secure accounting to registries, the whole thing of IoT [Internet of Things], of storing data, basically revolutionizing the internet and replacing it with something that works better.”


One of the solutions Wright needs to ensure is better data privacy and security than what the current Internet offers. Thankfully, he’s already on top of it. “So what we’re doing is were using a number of different cryptographic algorithms, and we’re taking those to create private but immutable records,” he said. “Now private means that you can actually still trace, track and access data. The whole idea of anonymous access is just where its wrong. Bitcoin is not about avoiding the law.”

This new Metanet has huge ramifications for content creators, who can now fairly profit off their work. Wright commented on the history of how content creator data has been handled in the early days of the web, “One of the big problems of the internet was the whole concept ‘data needs to be free.’ Data doesn’t want to be free. Data hates free. Data wants to be valued. Just like all of us, we all want to be valued, and data wants value too.”

When questioned about what it means for Bitcoin to be decentralized, Dr. Wright has to correct a false notion. “Decentralized is just a word people throw out there,” he noted. “Now, in the early days, the first version of money was DigiCash or ecash by David Chaum. Now it failed because of a number of reasons … The miners, well, they’re a competitive group. And it works, not because there’s one, two or whatever else, but because there’s something like the DigiCash fiasco happens, and the company goes into liquidation, then there were other miners to take their place. There’s always someone to step in. That’s what actually secures Bitcoin.”


If you’re interested in meeting some of the great minds working on BSV, and discussing the limitless possibilities open to it, check out the CoinGeek Toronto conference. This scaling conference will feature plenty of discussion around what the future holds for the real Bitcoin. If you want to be a part of it register to attend, and show your appreciation of BSV and save a few bucks by using Bitcoin SV via Coingate.



The sources are : https://coingeek.com/dr-craig-wright-just-like-all-of-us-data-wants-value-too-video/ and https://www.youtube.com/watch?v=wVbLyUWmCHU
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April 01, 2019, 04:39:16 PM
 #188

He is right about decentralization. The term is a myth and centralization and decentralization cannot be measured. The word ‘decentralization’ doesn’t appear once in the whitepaper.

Bitcoin and all cryptocurrencies have a central point of failure, internet and electricity.

We’ve had blackouts in Venezuela on and off for 2 weeks, and let me tell you something kiddies:

Bitcoin ain’t working.

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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April 02, 2019, 08:24:35 AM
 #189

He is right about decentralization. The term is a myth and centralization and decentralization cannot be measured. The word ‘decentralization’ doesn’t appear once in the whitepaper.

Bitcoin and all cryptocurrencies have a central point of failure, internet and electricity.

We’ve had blackouts in Venezuela on and off for 2 weeks, and let me tell you something kiddies:

Bitcoin ain’t working.

if internet and electricity fail, a lot of other major things also fail: banks, factories, administrations,....
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April 02, 2019, 03:46:56 PM
 #190

if internet and electricity fail, a lot of other major things also fail: banks, factories, administrations,....


Detours towards the future will be the answer, other solutions will come Roll Eyes



For the time being:

Re-engineering the web with blockchain to create a sense of community

As blockchain applications have taken off, one question has taken center stage: Do we build a completely new system or do we build on top of the existing system? Not surprisingly, many developers have gone with the latter. This is because other than the relative ease that comes with the option, it’s also easier to attract users.

However, a new school of thought is emerging that advocates for a complete overhaul of the system. Recently, Unwriter launched Bottle, the first native Bitcoin browser globally >>> https://bottle.bitdb.network/ . Bottle is capable of surfing anything saved on the BSV blockchain, from text to Javascript and CSS. While he could have built on top of the existing systems, he explained why he didn’t:

“The thing is, Bitcoin is NOT “the next web”. In many ways, it’s completely the opposite of what the WWW is, which is why Bitcoin is so powerful. That’s why it’s more beneficial to start from scratch instead of forking an existing full-fledged browser built for the existing WWW, with many legacy features that can constrain future directions.”

And Bottle isn’t the only cutting-edge solution being developed on the Bitcoin SV network. BSV developers are rethinking the internet, and rightly so. In its current format, the internet is skewed for the big tech firms. With Bitcoin Core (BTC) having started out with so much promise, over the years it has veered off from its original path. >>> https://coingeek.com/metanet-icu-invites-developers-to-discuss-bitcoin-sv/

As George Siosi explained in a recent blog post, social media is the first field that the new revolution will disrupt first. >>> https://medium.com/fai%C4%81/the-correlation-between-bitcoin-social-networks-sense-of-community-ec7d180222a
Social media networks are built around the idea of small world networks. This is a concept that states that most nodes in a network are not neighbors, but they can be reached from each other by a small number of hops or steps.

As Siosi explained, social media giants such as Facebook and Snapchat are now turning to building communities centered on the concept of small world networks. While initially, they focused on expanding your social circle, they are now converging their users into small intimate circles.

This creates a sense of community. As the ever-so-insightful Dr. Craig Wright stated, “It is not open platforms people seek but rather closed personal groups and communication with people in a way that allows them to build trust over time. People need to be able to decide what they will consider public, private, or even somewhere in between.” >>> https://coingeek.com/metanet-icu-invites-developers-to-discuss-bitcoin-sv/

With time, developers have come to recognize Bitcoin, not just as currency, but a system on which we can build rebuild most of the applications we currently use. And its advantages over the current systems are inexhaustible. It guarantees its users their identity, protects copyright and prevents misinformation.

Siosi concludes:

“Now, we haven’t even covered how communities have formed around Bitcoin (as an idea) itself, but if we wish to truly innovate, we must discard all that we think we know. We must start from scratch, but with lessons learned from the past.”



Source: https://coingeek.com/re-engineering-the-web-with-blockchain-to-create-a-sense-of-community/
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April 03, 2019, 12:54:35 PM
Last edit: April 15, 2019, 03:30:33 PM by mprep
 #191



Craig Steven Wright the chief scientist of research of Nchain for Bitcoin Satoshi Vision (BSV) Interview:
https://www.youtube.com/watch?v=wVbLyUWmCHU&lc=z23ac3qokyvmczbmfacdp43abwsxcqft2lfw4ypbi21w03c010c

Another interview with the Bitcoin Satoshi Vision (BSV) development team [Translated Subtitles Available on YouTube Options]:
https://www.youtube.com/channel/UC95_Nqes9m5arhoT1lt1SFg/videos









¯\_(ツ)_/¯ .்


International patent of Nchain Holding (Bitcoin Satoshi Vision BSV) applies to all Blockchains competitors:
(BTC-ETH-LTC-XRP-EOS-XLM-ADA-TRON-XMR-DASH-MIOTA-NEO-ONT-MKR-XEM-XTZ-ZET-VET-DOGE-BATE-WAVE-QTUM-BTG- other ........ also all others tokens)

WO: https://patents.google.com/patent/WO2017145048A1/en
US: https://patents.google.com/patent/US20190066228A1/en
CN: https://patents.google.com/patent/CN109314636A/en
GB: https://patents.google.com/patent/GB2562622A/en
KR: https://patents.google.com/patent/KR20180115768A/en
EP: https://patents.google.com/patent/EP3420669A1/en


This is BSV. Satoshi's original vision, now produced and in application  >>> This is the future evolution of Bitcoin BTC is BSV. Nchain Holding (BSV) have filed more than 700 different patents with the World Blockchain division and others.



Source: https://patents.google.com/patent/WO2017145048A1/en


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April 03, 2019, 03:41:55 PM
 #192

From: https://coingeek.com/jimmy-nguyen-why-nchain-has-filed-so-many-patent-applications/

Jimmy Nguyen: Why nChain has filed so many patent applications

Jimmy Nguyen is the first and founding President of the Bitcoin Association. He also chairs the Strategic Advisory Board for nChain – the two organisations being, as he puts it, “key supporters and backers of Bitcoin SV”.

As to why nChain is so busy filing patent applications, Jimmy says “it’s a bit of a race to the patent office. If we don’t file applications for some inventions, some other company’s going to come along and file something that bleeds over and blocks or claims a territory.”

Jimmy wrote about the issue on this website recently, noting with amusement that critics would doubtless make something of the fact that nChain had filed it’s 666th patent (see The devil is in the patent details on https://coingeek.com/the-devil-is-in-the-patent-details/).

“I know there are many people out in the cryptocurrency world who are sceptical and concerned about nChain’s IP programme.” But Jimmy says that nChain’s work is only possible if it can be protected, just as other businesses such as IBM and Bank of America are prolific in filing patents: “we are a private enterprise that invests a lot of money, time and team members into R&D development to unlock some amazing inventions – particularly out of Craig Wright’s head [nChain’s Chief Scientist]. And that has value to the world, but it costs money. And we will only invest in that if we can protect that.”

In defence of nChain’s patent filing, Jimmy says “we are doing work to try to grow the entire Bitcoin ecosystem”. As a business model, that means selectively charging developers for licencing nChain IP. Some nChain IP will be licenced for free for products supporting the SV blockchain: “that is a way for us to …entice companies to build on the Bitcoin SV blockchain. It’s a way of wielding IP power – I say, for good”.

On the question of Bitcoin SV governance, Jimmy says he can “definitely see a world one day where there is some type of …governing body.” Similar to the governance of the World Wide Web, it might include “some collection of main players in the ecosystem that have discussions and hopefully reach agreements on standards.” One important aspect would be to achieve interoperability – between wallets for instance.

Jimmy is sceptical about companies trying to create their own private blockchains instead of using a public one like SV: “essentially, if it’s all maintained by one company, that’s not really a blockchain …When a company comes along and says ‘I’ve got a new blockchain project’ and if they are the only ones who get to tell you whether you get to act on that blockchain, and they control the permission to it and they run the mining nodes on it, that’s not really a blockchain – it’s like a private database.” For Jimmy, the idea of a blockchain entails some public element: that makes the blockchain ideal for business uses, rather than for the more limited use inside a single company.

Pressed on whether he believes Craig Wright is, as he claims, Satoshi Nakamoto, the mysterious originator of Bitcoin, Jimmy offers a personal view from working closely with Craig that “he has an understanding of [the Bitcoin protocol] that is beyond anyone I’ve ever seen …and I think that it’s very clear that he was working at the very beginning of Bitcoin”. Jimmy ends with a smile: “and from that, people can draw whatever conclusions they want!”

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April 03, 2019, 03:53:58 PM
Last edit: April 03, 2019, 10:57:08 PM by -.xXx.-
 #193



¯\_(ツ)_/¯ .்


International patent of Nchain Holding (Bitcoin Satoshi Vision BSV) applies to all Blockchains competitors:
(BTC-ETH-LTC-XRP-EOS-XLM-ADA-TRON-XMR-DASH-MIOTA-NEO-ONT-MKR-XEM-XTZ-ZET-VET-DOGE-BATE-WAVE-QTUM-BTG- other ........ also all others tokens)

WO: https://patents.google.com/patent/WO2017145048A1/en
US: https://patents.google.com/patent/US20190066228A1/en
CN: https://patents.google.com/patent/CN109314636A/en
GB: https://patents.google.com/patent/GB2562622A/en
KR: https://patents.google.com/patent/KR20180115768A/en
EP: https://patents.google.com/patent/EP3420669A1/en


This is BSV. Satoshi's original vision, now produced and in application  >>> This is the future evolution of Bitcoin BTC is BSV. Nchain Holding (BSV) have filed more than 700 different patents with the World Blockchain division and others.



Source: https://patents.google.com/patent/WO2017145048A1/en





It is legitimate for Nchain Holding to file patents to protect the innovations and ideas they develop for BSV and Metanet and other future "applications".
Further informations on patents filings concerning Blockchain and IBM, Bank of America, KEB Hanna Bank, Mastercard, Merck, Intel, Oks Xerox, Nasdaq, Wal-Mart, Jp Morgan and others.. check https://coingeek.com/?s=patent Finally the Nchain patents covers everything too. They are the guardians of Satoshi's Vision.

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April 03, 2019, 05:50:03 PM
Last edit: April 15, 2019, 03:30:47 PM by mprep
 #194

Scaling, stability, real use

Legal and compliance

https://thetokenist.io/us-sec-searches-for-crypto-specialist-attorney-advisor-to-develop-a-plan-for-digital-asset-securities/

https://breakermag.com/the-sec-issues-new-token-guidance-but-little-certainty/


And patents will ensure that true Bitcoin DNA will win



And try to proof that LN is more useful or secure than this

https://twitter.com/MZietzke/status/1113497488533577728

Good luck  Grin

Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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April 04, 2019, 11:29:45 AM
 #195

https://youtu.be/26LDWnM7qe4 @40:15.

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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April 04, 2019, 12:31:02 PM
 #196

More legal stuff boiling up

https://www.sec.gov/news/public-statement/statement-framework-investment-contract-analysis-digital-assets

> the dead of any stable coin +  illegal exchanges incoming ?

Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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April 05, 2019, 02:03:07 AM
 #197

Really controversial discussion happening over on reddit regarding the lightning network for all you anti BSV trolls.

https://reddit.com/r/Bitcoin/comments/b9ec4v/lightning_channel_losing_funds_for_no_reason/


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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April 05, 2019, 05:22:34 AM
 #198

Really controversial discussion happening over on reddit regarding the lightning network for all you anti BSV trolls.

https://reddit.com/r/Bitcoin/comments/b9ec4v/lightning_channel_losing_funds_for_no_reason/



Dude. You didn't even read the thread. You just thought, "oh this looks like potential LN fud, lets throw it to the wall and see if it sticks.

OP resolved his problem within an hour of asking the question. There's no "controversy", there was only his misunderstanding of how commit fees worked:

"Thank you Smiley someone else also posted this before. You're right that the screen only shows the amount of sats that I can use. Until today I wasn't even aware that commit fees even existed so I got rather confused when the balance shrank more and more.

Thanks for helping to clarify the situation!"

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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April 05, 2019, 05:47:01 AM
 #199

Right. You don't understand how commit fees work. They are held in a temporary balance in case the channel is closed when both parties are not online, and not necessarily permanently deducted from the user's balance. It's not new:

https://www.reddit.com/r/Bitcoin/comments/8scfr2/lightning_channel_commit_fees/

 Grin

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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April 05, 2019, 05:58:47 AM
 #200

Right. You don't understand how commit fees work. They are held in a temporary balance in case the channel is closed when both parties are not online, and not necessarily permanently deducted from the user's balance. It's not new:

https://www.reddit.com/r/Bitcoin/comments/8scfr2/lightning_channel_commit_fees/

 Grin

Pretty lame attempt at FUD. But at least you are doing it in the right place.

Meanwhile the capacity of LN is up 43% in the last 30 days. Obviously its users aren't having a problem with it. You have a problem with it because it renders BSV irrelevant.

Yeah, 5 million dollars, it’s up there with YoBit.

BSV is ready for global scale adoption here and now.

Listo amigo

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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