Topic: Craig Wright: "You dont need to hold the blockchain. Its ok if only banks do." - page 2. (Read 2442 times)
July 02, 2017, 09:38:27 AM
Let us forget about his claims as he is the satoshi, let us take into account what he said in the conference and about the different solutions he offered for different problems,about the split key system he explained ,so that you wont see another MtGox,that is what makes me interested,we must have the control of the private key we own and when we save it in web wallets or exchanges we will share the key with a time stamp so that no one steals others coins ,take the good part and let us debate on all those rather than asking for a proof of being the creator.
July 02, 2017, 09:19:07 AM
Wow! What an underappreciated video. I'm surprised their isn't more discussion in this avenue.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
The only way to guarantee 100% that you are downloading a valid copy of the blockchain is through a full node client as you validate everything while you download. I wouldn't trust any other method because possibility of man in the middle attacks.
That is true, but who needs a full copy of the blockchain that they have personally verified, and why?
I fully understand his claims, wanting all to ensure the on chain safety. It is hard to get that this is not task of the simple hodlers,rather of the money makers / mearchants. It might be de-illusional that your RasPI is totally meaningless and have to relay on bigger ones.
But I have more problems to understand that they (small hodlers / blockers) will rather give away the on chain security to LN 2 nd layer crap... Oh wey.
July 02, 2017, 09:15:40 AM
Someone can't simply create something revolutionary in the financial system as bitcoin (which stands against everything the banking system represents) and still support banks, this simply make no sense to me, the contradiction is definitely there. I wouldn't take a word from Craig Wright seriously. I'm not even sure why and how he is back suddenly.
I can see how someone would trust a banking system based on hard money while at the same time trying to destroy a banking system based on fiat currency. These are two very different types of banks.
July 02, 2017, 09:12:00 AM
Wow! What an underappreciated video. I'm surprised their isn't more discussion in this avenue.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
The only way to guarantee 100% that you are downloading a valid copy of the blockchain is through a full node client as you validate everything while you download. I wouldn't trust any other method because possibility of man in the middle attacks.
That is true, but who needs a full copy of the blockchain that they have personally verified, and why?
July 02, 2017, 08:12:43 AM
Wow! What an underappreciated video. I'm surprised their isn't more discussion in this avenue.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
At the same time, he pretends to act as a force against the status quo, claiming Bitcoin is about sovereign money.
One way to look at this, even if you're a hardcore anarchist or libertarian, is to consider the blockchain nodes in a similar way as Wikileaks mirroring sites: the grew from 208 - 1885 in one week of 2010. However, the content did not change between 208 and 1885. Geographic distribution is as much or more important than overall total nodes.
The only way to guarantee 100% that you are downloading a valid copy of the blockchain is through a full node client as you validate everything while you download. I wouldn't trust any other method because possibility of man in the middle attacks.
July 02, 2017, 02:19:19 AM
Every day i hear something from Craig Wright, i really want block split to happen to see which scaling solution actually can solve bitcoin problem rather than hear people claim their scaling solution is the best solution.
As far as i know, Raspberry PI is doing fine with 1M blocksize, you just need big storage. But few people speculate Raspberry PI will struggle (even the newest type) if blocksize is increased a lot just like what BU wants.
Has anyone proper data that can show how effictive a Raspi node is in reality?
Best on average with many on different locations?
Best on average with many on different locations?
As far as i know, Raspberry PI is doing fine with 1M blocksize, you just need big storage. But few people speculate Raspberry PI will struggle (even the newest type) if blocksize is increased a lot just like what BU wants.
The same holds for SW + LN. The RasPI is not the future node at all ( you will not have todays full security with PIs anyway).
I was asking for a real tech proof and some stats about the potential connection surface = real power of such a PI. I like the idea that any poor runs one, but I understand that if we want reach high adoption rate, we have enough bigger business hosting a node and the poor can happily safe their Satoshis Not running any node by EXACTLY same Network security, because running a PI node will have same effect than running a CPU miner today.
July 02, 2017, 01:59:48 AM
... hostile take over (or trying to do so) is only leading to ruining bitcoin. and taking over a ruined bitcoin has nothing in it for them!
That depends on time horizons. I agree there have been childish games played. We would be better with one bitcoin, but parts of the community just want to push forward without thinking through the need to change BTC addresses with payment channels (as we we have seen on $LTC). I have never understood SegWit from a point other than when I first got into Bitcoin, I wanted to start a quick POS service to allow Bitcoin payment while immediately converting and skimming. I found the answer, SegWit! It's too bad the conversation is SegWit=moon and Floodcontrols=coffee
I go back-and-forth. I can see bigger blocks to secure the blockchain and SegWit for POS programming. Both are helpful in their own respects. I just can't help but wonder what is wrong with BIP9? It works. I've never had it fail on me - aside from losing 0.8BTC to Mac HW failure or accidently sending a 0.008 fee tx (which I think is a front-end failure).
I think we will only have one bitcoin. If not, I'm still in this game but will put more attention on DASH for business dealings.
July 02, 2017, 12:08:49 AM
Everyone should not be listening to that guy. He is a scammer and a fraud. Maybe the only reason he is coming out and doing that talk is he needs some funding for a new "scheme" he is working on.
I still do not know why Gavin Andersen, of all people, verified and declared Craig as the real Satoshi. Was Gavin trying to discredit himself? Some say he has been acting weird since the CIA meeting years ago.
I still do not know why Gavin Andersen, of all people, verified and declared Craig as the real Satoshi. Was Gavin trying to discredit himself? Some say he has been acting weird since the CIA meeting years ago.
Maybe he is Satoshi, If your hero turns out to be an abrasive Aussie I'd imagine it would be hard to believe.
Kinda like online dating, sometimes real life is far worse that what we had envisioned...lol
Anyway, everyone should be listened to and people need to decide whether what they say is true or not, to tell people what to believe almost always has the opposite intended effect.
July 01, 2017, 11:48:51 PM
Someone can't simply create something revolutionary in the financial system as bitcoin (which stands against everything the banking system represents) and still support banks, this simply make no sense to me, the contradiction is definitely there. I wouldn't take a word from Craig Wright seriously. I'm not even sure why and how he is back suddenly.
It was just all a part of an elaborate publicity stunt imo for Craig Wright. He had the balls to fake it right till the end though, which is fascinating to me. Running a full node is the only way to ensure that you're getting 100% privacy and security.
ETH network has not enough complete nodes and look the result : less transaction and already stuck.
Complete nodes are a base for all P2P network.
You can not mine with not enough complete nodes to receive (and FILTERED WITH THE NETWORK RULES) all transactions around the network.
And specially in restricted area ...
Nodes
Developpers
Merchands (Users)
Exchanges
Miners
This 5 groups are the essence of the Bitcoin stability (in TASK view) : https://www.youtube.com/watch?v=rpeceXY1QBM
Complete nodes are a base for all P2P network.
You can not mine with not enough complete nodes to receive (and FILTERED WITH THE NETWORK RULES) all transactions around the network.
And specially in restricted area ...
Nodes
Developpers
Merchands (Users)
Exchanges
Miners
This 5 groups are the essence of the Bitcoin stability (in TASK view) : https://www.youtube.com/watch?v=rpeceXY1QBM
Agreed. The whole idea of a p2p decentralized network is to make sure that every transaction is private, and trustless. If not enough people run full nodes then the whole system is going to become somewhat centralized. IDK what the hell Craig Wright was on when he said this, if he was satoshi, surely he won't be endorsing centralization of any kind?
Quote from: bitcoin.org
Most full nodes also serve lightweight clients by allowing them to transmit their transactions to the network and by notifying them when a transaction affects their wallet. If not enough nodes perform this function, clients won’t be able to connect through the peer-to-peer network—they’ll have to use centralized services instead.
July 01, 2017, 10:41:50 PM
sometimes i feel like some people don't realize that their actions and the hostile take over (or trying to do so) is only leading to ruining bitcoin. and taking over a ruined bitcoin has nothing in it for them!
you think people are still going to continue using bitcoin if they some day (god forbid) turn bitcoin into a shitcoin while there are still other cryptocurrencies that have implemented real decentralization to some extent such as litecoin for example.
you think people are still going to continue using bitcoin if they some day (god forbid) turn bitcoin into a shitcoin while there are still other cryptocurrencies that have implemented real decentralization to some extent such as litecoin for example.
July 01, 2017, 07:07:50 PM
Everyone should not be listening to that guy. He is a scammer and a fraud. Maybe the only reason he is coming out and doing that talk is he needs some funding for a new "scheme" he is working on.
I still do not know why Gavin Andersen, of all people, verified and declared Craig as the real Satoshi. Was Gavin trying to discredit himself? Some say he has been acting weird since the CIA meeting years ago.
I still do not know why Gavin Andersen, of all people, verified and declared Craig as the real Satoshi. Was Gavin trying to discredit himself? Some say he has been acting weird since the CIA meeting years ago.
July 01, 2017, 06:47:43 PM
Someone can't simply create something revolutionary in the financial system as bitcoin (which stands against everything the banking system represents) and still support banks, this simply make no sense to me, the contradiction is definitely there. I wouldn't take a word from Craig Wright seriously. I'm not even sure why and how he is back suddenly.
He tried to create his own Bitcoin bank called Denariuz Bank. The whole point of Satoshi's vision for Bitcoin was to get away from banks, and Craig Wright wanted to create a bank. That's enough to convince me he's not Satoshi.
https://en.wikipedia.org/wiki/Craig_Steven_Wright
Quote
Wright was the CEO of the technology firm Hotwire Preemptive Intelligence Group (Hotwire PE), which planned to launch Denariuz Bank, the world's first bitcoin-based bank, though it encountered regulatory difficulties with the Australian Tax Office and failed in 2014.
I also do not believe that he is satoshi he is just making a false claim just to establish his business empire,we should not listen to his craziness what ever he says is a big turnaround from the concept of decentralized crypto currency.
I don't know but he just want to boost his ego and his self interest in the industry.
July 01, 2017, 06:20:28 PM
To all cake white is satoshi tards:
LoL
LoL
July 01, 2017, 04:43:34 PM
Has anyone proper data that can show how effictive a Raspi node is in reality?
Best on average with many on different locations?
Best on average with many on different locations?
July 01, 2017, 04:05:39 PM
Someone can't simply create something revolutionary in the financial system as bitcoin (which stands against everything the banking system represents) and still support banks, this simply make no sense to me, the contradiction is definitely there. I wouldn't take a word from Craig Wright seriously. I'm not even sure why and how he is back suddenly.
Bitcoin got huge again so he needs to take the opportunity to try and farm bank and cred from new users and further try to cement his false claim that he is Satoshi. I have a feeling this guy is being paid by someone to show up repeatedly and make comments like this, it wouldn't make sense otherwise. I certainly wouldn't be taking the time out of my day to try and do some kind of bullshit where I pretend I'm Satoshi and then talk against everything that Bitcoin was essentially made for.Dude is a phony, plain and simple.
July 01, 2017, 03:57:26 PM
ETH network has not enough complete nodes and look the result : less transaction and already stuck.
That's the least of ETH's problems and I don't follow the logic. To use an anology, if a lakeside house is on fire, the water in the lake is limited by the diameter of the firehose and pumps (or people with buckets).
July 01, 2017, 03:49:44 PM
It just trully confirms that this guy is an impostor, that was funded by some entity that want anything but a Bitcoin dominance.
July 01, 2017, 03:46:27 PM
ETH network has not enough complete nodes and look the result : less transaction and already stuck.
Complete nodes are a base for all P2P network.
You can not mine with not enough complete nodes to receive (and FILTERED WITH THE NETWORK RULES) all transactions around the network.
And specially in restricted area ...
Nodes
Developpers
Merchands (Users)
Exchanges
Miners
This 5 groups are the essence of the Bitcoin stability (in TASK view) : https://www.youtube.com/watch?v=rpeceXY1QBM
Complete nodes are a base for all P2P network.
You can not mine with not enough complete nodes to receive (and FILTERED WITH THE NETWORK RULES) all transactions around the network.
And specially in restricted area ...
Nodes
Developpers
Merchands (Users)
Exchanges
Miners
This 5 groups are the essence of the Bitcoin stability (in TASK view) : https://www.youtube.com/watch?v=rpeceXY1QBM
July 01, 2017, 03:41:33 PM
...And the idea of a Bitcoin bank is stupid. FU Craig.
Agreed, the only Bitcoin bank I heard of was hacked in 2014 and all its customers lost their money.
http://www.reuters.com/article/us-bitcoin-flexcoin-idUKBREA2329B20140305
It's fortuitous Craig Wright wasn't allowed to start one. He sounds dodgy enough to lie about a hack and keep all the Bitcoins for himself.
If he'd been allowed to open it he would have probably proclaimed "you don't need to hold your Bitcoins. It's OK if only my bank does it for you".
July 01, 2017, 03:29:35 PM
Wright is getting way too much attention. Who cares about this fraud?
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