Topic: Gavin reveals Satoshi's been secretly working on BTC 2.0 [April's Fools Prank] - page 4. (Read 4132 times)

I hate April I'm so fucking gullible. Already got tricked twice and its only 1 am

Personally I find this part the silliest:

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Simplified Payment Verification is for lightweight client-only users who only do transactions and don't generate and don't participate in the node network.  They wouldn't need to download blocks, just the hash chain, which is currently about 2MB and very quick to verify (less than a second to verify the whole chain). If the network becomes very large, like over 100,000 nodes, this is what we'll use to allow common users to do transactions without being full blown nodes.  At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
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I anticipate there will never be more than 100K nodes, probably less.  It will reach an equilibrium where it's not worth it for more nodes to join in.  The rest will be lightweight clients, which could be millions.

At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.

The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.
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I have a hard time believing that everybody will be willing to fork and make all the SHA miners obsolete (besides altcoins).

He started this, but it is a decentralized network.  Unless the majority of node owners agree with him, BTC will stay with it's current algo.  

I don't really see what his concern is anyway.  There was that scare with ghash.io a while back, but now no pool has more than 20% of the hashpower.  That makes an attack based on centralization pretty impractical.  

I have a hard time believing that everybody will be willing to fork and make all the SHA miners obsolete (besides altcoins).

He started this, but it is a decentralized network.  Unless the majority of node owners agree with him, BTC will stay with it's current algo.  

I don't really see what his concern is anyway.  There was that scare with ghash.io a while back, but now no pool has more than 20% of the hashpower.  That makes an attack based on centralization pretty impractical.  

Sorry if this is a re-post.
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Gavin: If I were Satoshi, I wouldn't be here talking to you, I'd be in Bahamas sipping Piña Coladas...

Tim: First, I would like to thank you Gavin for accepting this interview on such short notice...

Tim: I know this has been asked many times, but... Are you Satoshi Nakamoto?

Gavin: Am I Satoshi?... No...

Gavin: If I were Satoshi, I wouldn't be here talking to you, I'd be in Bahamas sipping Piña Coladas...

Tim: I had to ask...

Tim: When was the last time you were in contact with Satoshi?

Gavin: As a matter of fact, we were chatting this morning.

Tim: Is he back working at the Foundation?

Gavin: Well, not in the flesh but, he has been actively working on (Bitcoin) 2.0 since January and wanted an account in our private Git server to begin checking-in his code changes.

Tim: This is breaking news for us. Could you please elaborate more about Satoshi's new ideas for Bitcoin 2.0?

Gavin: I won't elaborate on his entire project but, basically he wants to move Bitcoin to a different Hashcash Proof-of-Work algorithm in order to slow down the current trend where the mining power is rapidly getting concentrated in a handful of players. When Satoshi launched Bitcoin back in 2009, he didn't envision SHA-256 getting so effectively implemented in Hardware and that the network could end up being controlled by small groups of people with warehouses full of mining rigs. He believes it is dangerous for the future of Bitcoin, that it could end up destroying his legacy so, he wants to make the changes now in order to go back to the old days where individual miners were the backbone of the Bitcoin network.

Tim: And which algorithm does he want to use in 2.0?

Gavin: After he tested several candidates, he settled with a new one called KSHAKE that is used by a new altcoin called KryptoHash.

Tim: I never heard of KryptoHash. Is this one of the hundreds of coins you can find in the forum at Bitcointalk? Does Satoshi read that forum at all?

Gavin: He surely does. He's always sending me links of new altcoins that have new interesting features. He has even mined few altcoins and posted opinions on forums using his other accounts.

Tim: How about you? Do you read the altcoin forum? Do you post in there?

Gavin: I used to frequent, not much anymore. Unlike him (Satoshi), I don't have the patience to sort through the noise. There are few altcoins with true innovations out there but, with so many new altcoins getting released every week, it is now impossible to find the good ones.