RainbowKun (OP)
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July 08, 2021, 08:46:20 AM Last edit: August 11, 2021, 06:02:23 AM by RainbowKun |
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I have been reading and writing on bitcointalk recently. I try to write my understanding of Bitcoin in the past few years and share it with you here. My words is mainly based on my deep thinking about Bitcoin. My original thinking was fragmented and unsystematic. Now I record my thinking process in the form of words and output it. Only in this way is it possible to aggregate fragmented information into systematic knowledge. At the same time, in the process of communicating with everyone, let my thinking be further improved. This is the benefit of the collision of ideas, so that you can continue to grow. Through the two days of posting and communication, I found that more and more people are understanding and approving Bitcoin. However, our understanding of Bitcoin may still be shallow. Many times we still cannot understand the essence of Bitcoin or the meaning it represents. We still can't fully feel the greatness of Bitcoin. In my opinion, Bitcoin is the quintessence of all the knowledge of mankind, and it represents a new civilization. The Bitcoin created by Satoshi is a complete creation from zero to one.
What I want to say is that the knowledge system covered by Satoshi's creation of Bitcoin is beyond the existing human civilization level. In other words, according to the existing knowledge system of human civilization, even if it "naturally evolves" for 100 years, humans will not be able to create Bitcoin. Because there is a gap between civilizations. When you see my view, I believe many people will say: Your view is too exaggerated and too outrageous. Even if there is no Satoshi Nakamoto, there will be others who will create other digital currencies similar to Bitcoin. Bitcoin is not as great as you say. Is Bitcoin really not as great as I said? Is Bitcoin really easy to create?Here, please note that I used the word "create", not "copy". It is the creation from 0 to 1, not the copy from 1 to 1. There are essential differences.Now, Satoshi has put the Bitcoin code in front of us, and we restored the bitcoin network according to the bitcoin whitepaper and code. At this time, we might say that Bitcoin is not as complicated as we imagined. I can completely copy another blockchain network according to Bitcoin. Yes, when you see the Bitcoin code, you can copy the code and copy a new blockchain, or make your own innovation based on this blockchain. This is how Ethereum came through in the process of exploration step by step. But what if you have never seen the Bitcoin code ? What if you have never experienced the Bitcoin network? Let you create Bitcoin from 0 to 1. Can you create it? Or how many people in the entire human world have this ability to create?- First of all, you must understand cryptography and mathematics. Cryptography and mathematics are the most basic disciplines for building the entire Bitcoin network. You must be the world's top cryptography expert. Only in this way can the network constructed will not be cracked;
- Second, You must understand computer science, you must understand the most basic coding language and database logic, only in this way can it be possible to transform some ideas into products;
- Third, you must understand economics. Because the most basic problem of Bitcoin is to create a kind of "peer-to-peer coin", which belongs to the category of economics. You must use various principles of economics to design currency issuance and incentives;
- Fourth, you must understand sociology and politics. The most basic problem of Bitcoin is not only economic, but also sociological and political. Because it involves the governance of human society. There is an essential difference between the two points of centralized governance or decentralized governance.
- Fifth, you must understand the law. The establishment of Bitcoin is a comprehensive impact on the existing world legal system. Now various countries have formulated corresponding laws for Bitcoin. Either ban it or adapt to it.
- Sixth, you must understand physics, chemistry, biology and other natural sciences. Few people talk about this. But in my opinion, the creation of Bitcoin contains a lot of ideas about the first law of thermodynamics and the second law of thermodynamics. Regarding this point, I will share with you the thermodynamic principles contained in Bitcoin separately in a future article.
- Seventh, you must also understand philosophy. When all the above knowledge is brought together, it is not a problem that can be solved by one or two single subjects. It is the quintessence of multidisciplinary knowledge. It will involve the most philosophical issues such as the origin of the universe and the nature of civilization. Without a philosophical framework system, it is difficult to understand Bitcoin fundamentally.
When we learn more about Bitcoin, we will lament that we know too little about Bitcoin, and the more we can feel the greatness of Satoshi Nakamoto. This is my current state. Most of us might think that perhaps Bitcoin is not as great as we thought. Because when Satoshi Nakamoto invented Bitcoin, the technologies used were not new technologies, they were all technologies that already existed. For example, databases are not new technologies, distributed storage is not new technologies, hash functions are not new technologies, and asymmetric encryption and consensus mechanisms are not new technologies. Nakamoto just combined them. Yes, but this seemingly simple combination contains great difficulty. Because it involves the quintessence of almost all subject knowledge of human beings, and combines the most essential parts together, and finally created Bitcoin. If a person does not possess the most advanced multidisciplinary knowledge of mankind, he cannot be created even if he is given 100 years. This is a creation from 0 to 1. In my opinion, this is more like a high-level civilization putting mature technology into a low-level civilization. In a certain advanced civilization system, Bitcoin is a mature technology. In order to help the earth's civilization evolve, this civilization put Bitcoin technology to humans on earth in the name of Satoshi Nakamoto. This may be the true origin of Satoshi Nakamoto. Of course, this is just a guess after deep thinking about Bitcoin's existing knowledge system. There is no right or wrong. Just put forward such a point of view for everyone to explore divergent thinking. This is my in-depth thinking on Bitcoin. I hope it will help you, thank you.
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KevinRosa
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July 08, 2021, 11:05:54 AM |
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In my opinion, this is more like a high-level civilization putting mature technology into a low-level civilization. In a certain advanced civilization system, Bitcoin is a mature technology. In order to help the earth's civilization evolve, this civilization put Bitcoin technology to humans on earth in the name of Satoshi Nakamoto. This may be the true origin of Satoshi Nakamoto.
Bitcoin has given mankind freedom. Yes, to this day, I am still such a believer. Satoshi Nakamoto did create Bitcoin from 0-1, but I don’t agree that he evolved from a high-level civilization to a low-level civilization.and help evolve the earth's civilization. When no extraterrestrial civilization exists, or human beings have not discovered the existence of interstellar civilization, speaking these languages is more like a science fiction. But I don’t deny that Satoshi Nakamoto has indeed done great things. Our own currency is up to us. Satoshi Nakamoto or Bitcoin has brought us into a world of code. The code is open and transparent. The supreme world, or more mysterious, Bitcoin brings us into a high-latitude parallel universe. But it is still relative to the freedom that people pursue. As a carbon-based life, if there are really only open and transparent 0 and 1, then does Bitcoin belong to humans or to the robot civilization in the future. I am not afraid of the future. I prefer the present self. Your articles have a certain depth of thought and the expression of opinions is bold. There is no right or wrong view, because I always believe that technology changes life, technology leads revolution, and technology changes civilization.
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Max_Headroom
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July 08, 2021, 11:31:16 AM |
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Sounds like an AI made text. In case it stand to the 'Turin Test' so Satoshi is a AI.
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DapanasFruit
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Binance #Smart World Global Token
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July 08, 2021, 12:29:40 PM |
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Bitcoin is a game-changer type of a technology. The technology behind it can be simple on the surface but its applications can be far, wide ang long range. Just a little more than a decade after its debut to the world, Bitcoin has proven to be a valuable digital asset that is now being adopted by big institutions at at least one country that is about to make it a legal tender. We are hoping to deepen our understanding on things related to Bitcoin so we can understand it more. Of course, as a disruptor there will be forces that can be working to derail its full potential and right now these forces are very active these days so we can expect Bitcoin to be spurned, criticizes and even maligned but at the end of the day it will survive with flying colors.
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Welsh
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July 08, 2021, 09:20:51 PM Merited by RainbowKun (1) |
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On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. Okay, so yeah a lot of them use Bitcoin as the foundation, but they also come with their own different flavours, and improvements.
However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. So, he implemented difficulty, which sort of regulates the amount of Bitcoin in circulation at a time. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it.
I don't think Satoshi is as super human as people tend to think of them as though. However, they saw a problem, and implemented a solution. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.
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RainbowKun (OP)
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July 09, 2021, 04:45:15 AM |
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On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. There are many teams that can create systems like Bitcoin, but they innovate based on the code and logic of Bitcoin. If Bitcoin has not been created in this world, how many people have the ability to create a system like Bitcoin? What Satoshi achieves is the creation from zero to one, and we are copying from one to one on the basis of what he has created. At the same time, we will carry out certain functional innovations based on Bitcoin, but no one can change the underlying architecture of the blockchain. However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. This is where Satoshi is great. It did not create Bitcoin for him to run for five, 10 or 20 years, but for Bitcoin to run for 50, 100, or even 500 years. Today, the Bitcoin network has been running for 12 years, but it still operates according to the architecture designed by Satoshi Nakamoto at the beginning. We are now at most improving some code or functional details, but we can't completely change the underlying architecture of Bitcoin. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. This is the wisdom contained in the Bitcoin economic model. Bitcoin's release rules are the core of Bitcoin's entire economic model. It is organically combined with the mining power of the miners. Adjust the difficulty of Bitcoin mining through the change of computing power. Just as the Chinese government banned mining this time, the computing power was drastically reduced. In response to this change, the difficulty of Bitcoin mining has also been adjusted in accordance with the rules. This allows the Bitcoin network to continue to operate stably. It is this intelligent design that allows Bitcoin, the economy to continue to grow, grow, and operate stably. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it. Yes, security is the fundamental guarantee for the stable operation of the Bitcoin network, especially Satoshi has solved the double spending problem as a genius. From now on, no one can attack or hack the Bitcoin network. Bitcoin is still operating stably according to the architecture it designed at the beginning. In my opinion, this is a miracle. When Bitcoin was created, it was a nearly perfect work. The perfection I am talking about here is not the perfection of its details. It is the perfection of its overall structure and the perfection of its underlying logic. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.
Yes, Bitcoin still has many shortcomings. But this does not affect its overall stability. Satoshi has completed his mission, and he has fully presented Bitcoin before us. The rest is the work we need to do as Bitcoin participants. On the basis of Satoshi's work, we have further improved the Bitcoin system and practiced the thought of Bitcoin. I have always regarded the thought represented by Bitcoin as the most important part. Bitcoin does not only represent a technology, the most important thing is its philosophy and ideas.
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Kong Hey Pakboy
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July 09, 2021, 05:12:48 AM |
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On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. Okay, so yeah a lot of them use Bitcoin as the foundation, but they also come with their own different flavours, and improvements.
However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. So, he implemented difficulty, which sort of regulates the amount of Bitcoin in circulation at a time. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it.
I don't think Satoshi is as super human as people tend to think of them as though. However, they saw a problem, and implemented a solution. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.
Either Satoshi is a genius that doesn't want to be known or Satoshi is a codename for a group of individuals that have developed bitcoin because I have heard that some people in the IT industry said that that's the only choice behind the identity of Satoshi, a coding genius or a group of people collaborating. Or probably, Satoshi is from the future and he wants us to use bitcoin to save humanity hahaha.
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ropyu1978
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July 09, 2021, 03:20:31 PM |
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everyone on this forum all agrees, if satoshi is the creator of bitcoin from zero to one, which is still a question mark, and still a burden on our minds now is, is satoshi nagatomo still alive, or is he dead, if satoshi is dead, there is Who knows in this forum, the successor to satoshi for bitcoin developers until now,???
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RainbowKun (OP)
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July 10, 2021, 01:47:54 AM |
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On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. Okay, so yeah a lot of them use Bitcoin as the foundation, but they also come with their own different flavours, and improvements.
However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. So, he implemented difficulty, which sort of regulates the amount of Bitcoin in circulation at a time. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it.
I don't think Satoshi is as super human as people tend to think of them as though. However, they saw a problem, and implemented a solution. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.
Either Satoshi is a genius that doesn't want to be known or Satoshi is a codename for a group of individuals that have developed bitcoin because I have heard that some people in the IT industry said that that's the only choice behind the identity of Satoshi, a coding genius or a group of people collaborating. Or probably, Satoshi is from the future and he wants us to use bitcoin to save humanity hahaha. Haha, Satoshi Nakamoto may really come from the future. There are already more and more technologies studying the feasibility of time travel. Satoshi Nakamoto himself is too mysterious, until now we can't find a trace of him. At the same time, the technology represented by Bitcoin itself surpasses the level of human civilization. Therefore, everything is possible. Don't set limits on our brains.
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binglanglady
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August 11, 2021, 03:00:17 AM |
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On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. Okay, so yeah a lot of them use Bitcoin as the foundation, but they also come with their own different flavours, and improvements.
However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. So, he implemented difficulty, which sort of regulates the amount of Bitcoin in circulation at a time. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it.
I don't think Satoshi is as super human as people tend to think of them as though. However, they saw a problem, and implemented a solution. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.
Either Satoshi is a genius that doesn't want to be known or Satoshi is a codename for a group of individuals that have developed bitcoin because I have heard that some people in the IT industry said that that's the only choice behind the identity of Satoshi, a coding genius or a group of people collaborating. Or probably, Satoshi is from the future and he wants us to use bitcoin to save humanity hahaha. In 2008, in a mailing list called "Cypherpunk", Satoshi Nakamoto released a white paper on Bitcoin. A magnificent social experiment began.
What is cypherpunk? Why did it give birth to Bitcoin?
This movement arose in the last decade of the Cold War between the United States and the Soviet Union. Its believers firmly believe that strong cryptography should be used to protect personal freedom and privacy and protect them from external forces such as capital and politics.
Many of them are anarchists and liberals, including Assange, the founder of WikiLeaks, Sean Parker, one of the founders of Facebook, Bram Cohen, the author of BT download, and so on. Of course, the most famous of them is Satoshi Nakamoto.
Over the decades, the cypherpunk movement has experienced ups and downs. Participants in this movement have brought countless open source encryption protocols to mankind. Some of these protocols have become the cornerstones of Internet communications.
And on the road to explore free, anonymous, and decentralized digital currency, cypherpunks including Satoshi Nakamoto have made tremendous efforts to pass the fire down and continue to live.
Who is Satoshi Nakamoto? This question is no longer important. Every cypherpunk master is the "Satoshi Nakamoto" in people's hearts.
It is no longer important who Satoshi Nakamoto is. Some say that he is a god, some say that he is the messenger of alien civilization, some say that God is coming again, and some say that it is the old Japanese man. My conclusion is that bit Coins are the crystallization and creation of the collective wisdom of cypherpunks. Satoshi Nakamoto is a perfect code name, because they all have a common goal, the right to privacy, and it is impossible for us to find them. In short, the creation from 0 to 1 has brought us a great experiment, we just enjoy it.
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RainbowKun (OP)
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August 11, 2021, 06:57:32 AM |
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It is no longer important who Satoshi Nakamoto is. Some say that he is a god, some say that he is the messenger of alien civilization, some say that God is coming again, and some say that it is the old Japanese man. My conclusion is that bit Coins are the crystallization and creation of the collective wisdom of cypherpunks. Satoshi Nakamoto is a perfect code name, because they all have a common goal, the right to privacy, and it is impossible for us to find them. In short, the creation from 0 to 1 has brought us a great experiment, we just enjoy it.
For me, Bitcoin is a god-like creation. The more I learned about Bitcoin, the less I found out about Bitcoin. It is really the crystallization of all human knowledge and wisdom. Satoshi Nakamoto created Bitcoin like a pioneer. I will use my life's energy to preach for Bitcoin, promote the ideas and concepts of Bitcoin, and create a new human civilization with Bitcoin as the cornerstone.
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