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Author Topic: If the real Satoshi came back and said...  (Read 2428 times)
Bizmark13
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April 09, 2014, 11:43:12 AM
 #21

I would stay with both, of course.

Bitcoin was the original cryptocurrency so it has a clear advantage over the rest. The Bitcoin community is far greater in size and the Bitcoin infrastructure is far more developed than all the other altcoins combined so it would be pretty unwise to abandon it completely but then again, let's face it - anything Satoshi touches is pretty much destined to become gold.

He also made some mistakes, and some decisions of questionable value.

Examples?
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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April 09, 2014, 11:47:48 AM
 #22

I would go for it happily after ID proof.  Roll Eyes

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April 09, 2014, 11:54:30 AM
 #23

Satoshi is not really that mastermind, like a lot of People here think.
Sure, BTC are his idea, sure without him, there would never have been BTC, but when it Comes to really implementing the whole Thing, Satoshi is not the right Person to do it.
Read this interview: http://blogs.wsj.com/moneybeat/2014/03/06/bitcoin-foundations-andresen-on-working-with-satoshi-nakamoto/

https://forum.bitcoin.com/
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April 09, 2014, 12:14:23 PM
 #24

You are Sotoshi Nakamoto. We are all Satoshi Nakamoto.

I'm Spartacus!

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April 09, 2014, 01:14:54 PM
 #25

You are Sotoshi Nakamoto. We are all Satoshi Nakamoto.

I'm Spartacus!
No! I'm Spartacus  Grin Why didn't we start this when Dorian Nakamoto was arrested?  Grin
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April 09, 2014, 01:19:34 PM
 #26

I wouldn't believe it is real satoshi.

I would guess someone just get brilliant idea and hacked his account.
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April 09, 2014, 01:27:59 PM
 #27

He also made some mistakes, and some decisions of questionable value.

Examples?

Here are a few that come to mind right away:

Allowing the coinbase transaction to have the same hash in multiple blocks?

Allowing the miner to create a block that doesn't pay out the full reward?

Requiring the public key to be included along with the signature in the transaction inputs?

I'm sure there are others, but I figure 3 is enough to prove the point.
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April 09, 2014, 06:27:14 PM
 #28

He also made some mistakes, and some decisions of questionable value.

Examples?

Here are a few that come to mind right away:

Allowing the coinbase transaction to have the same hash in multiple blocks?

Allowing the miner to create a block that doesn't pay out the full reward?

Requiring the public key to be included along with the signature in the transaction inputs?

I'm sure there are others, but I figure 3 is enough to prove the point.

Allowing unconfirmed transactions to be malleable (one can say don't rely on tx id however the tx id could have been constructed to be immutable from day 0).
Using the use of uncompressed public keys (no advantage over compressed keys and given how critical space in the blockchain is it bloats the resource requirements).
Using 160 bit for PubKeyHash while PubKey only has 128 bit security (to benefit from 160 bit PubKeyHash would require 320 bit ECDA).
Having early coinbase tx payout to pubkeyhash instead of address (just adds needless complexity and now is a legacy cost).

All these vulnerabilities
https://en.bitcoin.it/wiki/Weaknesses#Security_Vulnerabilities_and_bugs

None of this should be an attack against Satoshi, he was brilliant, did what many considered impossible, and solve/prevented entire categories of exploits but he wasn't omnipotent.
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April 10, 2014, 01:35:28 AM
 #29

He also made some mistakes, and some decisions of questionable value.

Examples?

Here are a few that come to mind right away:

Allowing the coinbase transaction to have the same hash in multiple blocks?

Allowing the miner to create a block that doesn't pay out the full reward?

Requiring the public key to be included along with the signature in the transaction inputs?

I'm sure there are others, but I figure 3 is enough to prove the point.

Allowing unconfirmed transactions to be malleable (one can say don't rely on tx id however the tx id could have been constructed to be immutable from day 0).
Using the use of uncompressed public keys (no advantage over compressed keys and given how critical space in the blockchain is it bloats the resource requirements).
Using 160 bit for PubKeyHash while PubKey only has 128 bit security (to benefit from 160 bit PubKeyHash would require 320 bit ECDA).
Having early coinbase tx payout to pubkeyhash instead of address (just adds needless complexity and now is a legacy cost).

All these vulnerabilities
https://en.bitcoin.it/wiki/Weaknesses#Security_Vulnerabilities_and_bugs

None of this should be an attack against Satoshi, he was brilliant, did what many considered impossible, and solve/prevented entire categories of exploits but he wasn't omnipotent.

I suppose the real Satoshi is more likely to contribute to BTC again than come up with a "great new coin".

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