Pages:
Author

Topic: Is POW systematically doomed to get a huge monster in its midst? - page 3. (Read 2731 times)

legendary
Activity: 1456
Merit: 1176
Always remember the cause!

Dude, wakeup, there is no TRB fork.

for want of a better term, there are two coins existing in the current core chain. legacy coins (trb/satoshi/whatever you want tot call them) and segwit coins. sooner or later there will be a split to separate legacy coins out.
It is absolutely nonsense! Why should anybody suggest such a two-in-one perception at all? Why not n-in-1?.

And why should such a split occur at all and how is it going to convince people, economic majority or even a noticeable economic minority about stealing funds from SW transactions by miners for the god sake?

I'm smelling kinda conspiracy or something here: spreading words to run another ridiculous fork.

Am I right?

If so, why don't guys like you consider a meaningful, real fork to support a more ambitious  and equally useful agenda?

Just leave SegWit and its junior hackers alone.

Think bigger. Segregated Witness is a joke, a trick, kinda cobbling up heterogeneous things,  I admit, but just leave these guys alone with their lifetime achievement, build yours.




legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?

I believe you do not understand the situation? If the "Satoshi miners" start their "attack" there would be a chain split to Bitcoin and TRB. In the Bitcoin chain, everything will continue as normal. In the TRB chain, your coins stored in a Segwit address can be taken from you. I do not want that. I want to dump my TRB for Bitcoins as an extra bonus from the split, the same as my Bitcoin Cash and Bitcoin Gold bonuses. Hahaha.

I believe you are brainwashed.

Dude, wakeup, there is no TRB fork.

for want of a better term, there are two coins existing in the current core chain. legacy coins (trb/satoshi/whatever you want tot call them) and segwit coins. sooner or later there will be a split to separate legacy coins out. no matter which wins, and no matter which you support, the fact remains you can sell the ones you dont like for coins that you do like. and legacy addys are the lowest common denominator. legacy gives coins on each. segwit on one. even if you just plan to sell the satoshi/trb/whatever coins for core coins, you still get more coins to sell by hedging your bets and using legacy for long term hodl. so it seems an easy strategy to hold long term hold coins in legacy at this point.

hedging bets is part of crypto, or at least thats my stratagy and it has served me well to this point. we are in a new space, running beta software, and splits happen. trusting no one is the whole point of bitcoin. and its up to the individual to take the security of their coins seriously. each must make that decision based on their own criteria. there is no hand holding here. #DYOR
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
Yes, it is much better to put your cold storage coins in a legacy address. Ali Baba should read about "Pascal's Wager". I believe the same argument would apply in this situation.


It is insane. If somebody took kinda pill and got a bit more delusioned than @anunymint to make prophecy about an upcoming fork that will disregard/scize all odd wallets, you would transfer your deposits to even wallets? Why? Because of "Pascal's Wager"?

I believe you do not understand the situation? If the "Satoshi miners" start their "attack" there would be a chain split to Bitcoin and TRB. In the Bitcoin chain, everything will continue as normal. In the TRB chain, your coins stored in a Segwit address can be taken from you. I do not want that. I want to dump my TRB for Bitcoins as an extra bonus from the split, the same as my Bitcoin Cash and Bitcoin Gold bonuses. Hahaha.

I believe you are brainwashed.

Dude, wakeup, there is no TRB fork.
newbie
Activity: 19
Merit: 0
I do not think so
legendary
Activity: 2898
Merit: 1823
Yes, it is much better to put your cold storage coins in a legacy address. Ali Baba should read about "Pascal's Wager". I believe the same argument would apply in this situation.


It is insane. If somebody took kinda pill and got a bit more delusioned than @anunymint to make prophecy about an upcoming fork that will disregard/scize all odd wallets, you would transfer your deposits to even wallets? Why? Because of "Pascal's Wager"?

I believe you do not understand the situation? If the "Satoshi miners" start their "attack" there would be a chain split to Bitcoin and TRB. In the Bitcoin chain, everything will continue as normal. In the TRB chain, your coins stored in a Segwit address can be taken from you. I do not want that. I want to dump my TRB for Bitcoins as an extra bonus from the split, the same as my Bitcoin Cash and Bitcoin Gold bonuses. Hahaha.

Quote
Who is Ali Baba by the way?  Grin

I believe you.
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
Yes, it is much better to put your cold storage coins in a legacy address. Ali Baba should read about "Pascal's Wager". I believe the same argument would apply in this situation.


It is insane. If somebody took kinda pill and got a bit more delusioned than @anunymint to make prophecy about an upcoming fork that will disregard/scize all odd wallets, you would transfer your deposits to even wallets? Why? Because of "Pascal's Wager"?

Who is Ali Baba by the way?  Grin
legendary
Activity: 2898
Merit: 1823
ʿAlī Bābā admits proof-of-work allows oligarchies therefore according to ʿAlī Bābā, we should store our Bitcoins in SegWit addresses that begin with a 3 so that when the oligarchy hard forks Bitcoin we end up only with Core tokens and not both real Bitcoin and Core tokens.

Yes, it is much better to put your cold storage coins in a legacy address. Ali Baba should read about "Pascal's Wager". I believe the same argument would apply in this situation.


Why you? What did you do? Roll Eyes
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
ʿAlī Bābā admits proof-of-work allows oligarchies therefore according to ʿAlī Bābā, we should store our Bitcoins in SegWit addresses that begin with a 3 so that when the oligarchy hard forks Bitcoin we end up only with Core tokens and not both real Bitcoin and Core tokens.

I'm Alī Bābā?
I got an alias, cool.

I didn't admit anything like that ever and referencing to your own claims (your another weird habit) won't change this.
My position here is crystal clear:
Oligarchies are pre-bitcoin phenomenons, they are NOT symptoms or consequences of Bitcoin. It was supposed to improve the situation with them tho and failed to do so because it was launched premature and transited from an experimental project to an operational one, overnight.

I'm not suggesting about how and where you store your coins, don't care and as I've mentioned it clearly, the whole SegWit/LN thing is a distraction from the main problems.

Quote
ʿAlī Bābā has this delusion that he will remove the undesirable invariants of proof-of-work with the magic words “open sesame”, yet all we will ever see come that is talk and delusion, never reality because he is simply incorrect.
I, Alī Bābā (seriously, I love it), hereby announce:
I've already suggested a detailed specification for an alternative implementation of PoW and I'm busy with further design/implementation issues. Everything is ok, exciting improvements and a lot of fun ahead, you and other guys of 40 thieves are welcome to join.  Grin
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
So, after reading all these posts, I'm struggling to get facts from opinions (and off-topic debate). Anyway, here are the "important" points from an Average Joe:

  • POW leads to oligopoly, then perhaps monopoly
  • POW > POS in case of cryptocurrency as the international reserve currency
  • POS might be better for the transactional currency (still waiting for better POS though)
  • Use P2PKH instead of P2SH address because of the mentioned vulnerability

Congratulations: You won the SSE (Shittiest Summary Ever) prize which is sponsored by @anunymint.  Grin

  • PoW leads nowhere other than network security by objective consensus, financial oligarchies are facts of modern society and not a consequence of monetary systems (yet no crypto currency is a monetary system right now).
    On the contrary, PoW can be used as a leverage to improve the situation with oligarchies by giving a voice to people in monetary section. The problems with current implementations inherited from Satoshi Nakamoto's original version is not inherent to PoW.
  • PoW based coins are designed for being both a store of value and a transaction device. Ideas regarding forgetting about bitcoin as a transactional device are propagated by different parties who have two things in common: lacking vision and being disappointed.  
  • PoS is a joke! We have PoS right now: USD and Federal Reserves and JP Morgan are part of it.
  • SegWit sucks but is safe and remains safe. @anunymint is getting to your head just for fun. A fork is necessary but not for getting revenge of Core by rolling back to "Plain Old Satoshi Addresses". Satoshi version of PoW failed resisting pools, ASICs, exchanges, Network congestions, ....
    A fork is necessary to fix the problems that SW proponents deliberately chose to ignore.  SW is nothing, just a distraction of the real problems, ignore it.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
So, after reading all these posts, I'm struggling to get facts from opinions (and off-topic debate). Anyway, here are the "important" points from an Average Joe:

  • POW leads to oligopoly, then perhaps monopoly
  • POW > POS in case of cryptocurrency as the international reserve currency
  • POS might be better for the transactional currency (still waiting for better POS though)
  • Use P2PKH instead of P2SH address because of the mentioned vulnerability
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
...
... Please I hope M.P. will stop this and stop thinking that Satoshi was inept. He is just hasn’t yet realized that Satoshi did everything for a reason and everything was exquisitely mapped out and the future was perfectly anticipated.


WTF? And we should buy this shit?

Satoshi nakamoto got a brilliant idea, coded it in a rush and disappeared in shame when he found how crazy things work in the real world and his alpha version of a Proof of Work consensus based electronic cash is vulnerable to centralization because of its obvious variance flaw (and the more sneaky proximity advantage flaw), he had no clue how to fix it. This is what happens when you are miles ahead of your contemporaries, you become exhausted and you stop progressing more.

Plus, he was so dumb to choose a small memory footprint algo like SHA256 which turned out to be vulnerable to ASIC attack.
I mean it! how dumb a designer (who wishes to have a one cpu-one vote BFT system) should be to choose the most vulnerable algorithm to an attack like ASIC that has an even older history than cpus? Heh? Seriously? It was the most foolish option one could ever pick.

And now Satoshi Nakamoto is kinda god?

Software is no Bible, it is just one of human's disposable products. It should be maintained and improved and thrown away and  redesigned regularly. Satoshi was missing this fact completely, he had nothing to say about governance.
His proposal for an electronic cash system being decentralized and autonomous was flawed inherently because he had no idea of how the protocol (and not the code alone) should improve and evolve and after less than two years with the most critical problems popping up, centralized exchanges centralized pools, ... well I would disappear too.
legendary
Activity: 1652
Merit: 4393
Be a bank
...
Btw, I entirely disagree with Mircea Popescu’s following blog post. He and no one else can propose any changes to Bitcoin. In fact, the following blog post is idiotic, foolish nonsense:

http://trilema.com/2016/the-necessary-prerequisite-for-any-change-to-the-bitcoin-protocol/

Miners will provide non-mining full nodes as necessary if the community does not provide them for free. Because they have the economic incentive to do so. The proposal to enable non-mining nodes to hold mining nodes hostage changes the game theory of Bitcoin in ways he does not fully understand! For example, this will reduce the anonymity of miners and flexibility for jurisdictional arbitrage by miners because much more data will have to be transferred between full nodes and miners:

It’s not just the fees. It’s the I/O cost of moving all those shares over the network. For example, right now a mining farm can easily remain anonymous, but your proposal would make that more difficult. Also the cost of change in data center infrastructure and ASIC hardware to accommodate this change.

Also it increases latency. And besides it will not accomplish anything good because miners will just end up running their own full nodes, so one full node per mining farm is not an improvement. Also this will start the slippery slope of breaking the immutability of Satoshi’s protocol. Besides this change would be defeated by the mining cartels and economic majority. Satoshi was much smarter than Mircea Popescu.

Also I have been told by someone who has a ~5 SD IQ that Popescu is at most ~3 SD.

Unwise to be disrespectful to someone you yourself recognise is so powerful.
Unwise not to take on board the implications of footnote 3 in the very essay you quote http://trilema.com/2016/the-necessary-prerequisite-for-any-change-to-the-bitcoin-protocol/#identifier_2_64828
Looks like you have 27 months of catching up on the logs to do. Not least.
full member
Activity: 1022
Merit: 221
We are not retail.
Why would you POW change or fork when bitcoin is gaining momentum? You put everyone back to zero. Those that spent $3k on an asic in early 2018 now you want them to buy more hardware? Who does this benefit? Manufacturers, players like those who you want to dismount as adoption rate plummets. Poor chess playing.

Like wow it's nostalgic to go and play vanilla but it's never the same. Players need to do more than play, they need to compete. Like sidehack will preach (sorry for bringing you into this), design and efficiency. For us (mfb), it's price regardless of market. As manufacturers in this arena have no wholesale price. Seems communists are the greatest capitalists
(satire?).

For all us normals it's the same as always: get gear, grind, get better gear, grind. Or hash how you say. The more we bring into mining the better but then mining is a competition, where someone already wants an edge, an advantage. So a POW change? Who has the edge here? Not those who have nothing more.

Mining is math, and should stay consistent for everyone. Changing it rips decentralization form us all, at once. The playing field isn't even, nor was it ever. The thing is, it is known and that is easier to combat than the alternative.
legendary
Activity: 2898
Merit: 1823
If it is not an "attack", what would you call it?

A defense.

Because I respect your point of view, I will say "ok" and leave it. I hope your network will be successful, good luck.


Another question, what do you believe its ticker should be if listed by an exchange?

Regarding naming, IMO honesty and proper disclosure is what rational humans would expect. Since Core must eventually become a hard fork because of the game theory which forces Satoshi miners to defend the security as I explained, then BTC should have remained BTC and Core should have chosen a new name and ticker as Bitcoin Cash (BCH) was forced to do by the community.

That is according to your point of view. I will show respect, continue to listen, say "ok", but I will make an argument for the sake of my point of view.

Putting in more simple terms, Core is an attack on Bitcoin which they’ve cleverly hidden from the community with a political propaganda and placing their protocol changes into an “anyone can spend” soft fork which must become a hard fork as it forces the Satoshi protocol to defend itself against 50+% reversal attacks financed by the “anyone can spend” booty.

Only from your point of view again. Ok.

We have debated on that before and we will never agree who is right. Mining nodes and non-mining nodes are the same because the all validate fully.

There has been no cogent rebuttal.

But from my point of view there was no cogent statement from you.

I think the bottom line is that you really want Ethereum, not Bitcoin. See the bottom of this post. I respect meritocracy and economic reality whilst disrespecting social consensus. You respect social consensus whilst disrespecting meritocracy and economic reality.

I hope the "Satoshi miners" will start their chain split as soon as possible. I cannot wait to see what would happen in practice. Good luck on your chain split.

Plus who are the "Satoshi miners"? Was there an announcement on who would support TRB?
legendary
Activity: 1456
Merit: 1176
Always remember the cause!
... There is no rational conversation I can have with individuals who just proclaim that my reasoning is incorrect without providing a cogent argument as to why the economic reality is not such as I have explained it.
...

There has been no cogent rebuttal.

You don't even listen dude  Roll Eyes
You are just amazing, you tell your story and you just don't care about what others say. You deliberately pick the weakest arguments against your story and write another sequence ...

I briefly explained to you that economy is not all about currency not even dominating fiat currencies deserve to be considered the most important part of economy.

Crypto market is driven by forces ways more stronger than semi-anonymous bitcoin whales who have not enough courage to show up and make few real deals.

Millions of new comers just in less than a year have joined, whales didn't pumped up (they are dumping) people did, rich people, middle class people, and adventurists all over the world, they are the true source of power, they are the real economy.

Just crystal clear!

Why are you so obsessed with bitcoin as a brand anyway? Let it to stay at rest, it needs it, it has been almoswt 10 years and is now time to grow up, to mature.  Isn't it?

Bitcoin needs to improve and not to stick with a semi-failed implementation, imo.

legendary
Activity: 2898
Merit: 1823
Ok and I agree. In the TRB chain split, once the "Satoshi miners" decide to "attack", coins stored in the Segwit addresses can be spent by anyone, and be considered "donations", while in the Bitcoin chain, everything will continue on as normal. I have to say that again for the n00bs like me reading this.

You continue to lie with “attack”, “TRB”, etc..

TRB, short for "The Real Bitcoin", the implementation you call the "Satoshi protocol". The implementation you have given us the links to. Correct me if you mean something else.

If it is not an "attack", what would you call it? Another question, what do you believe its ticker should be if listed by an exchange?

What nonsense? It is the infrastructure that reinforces consensus code, and 80% or more of the total nodes are Segwit compatible nodes.

See that link thing in the quote? Click it and read:

If your client differs to a supermajority of other full nodes on the network to the point where it becomes incompatible, you are the fork.

Liar. It has been exhaustively explained that the number non-mining full nodes being online is basically irrelevant.

We have debated on that before and we will never agree who is right. Mining nodes and non-mining nodes are the same because the all validate fully.

I know there are some mining nodes that connect directly to some other mining node through a relay network like FIBRE. BUT it is not exclusive to miners, any node can join, and not all miners use it. Plus mining nodes also connect to non-mining nodes because they need peers.
legendary
Activity: 2898
Merit: 1823
Yes yes Segwit can be reversed

Incorrect. SegWit addresses can be spent by anyone in Satoshi’s protocol because they’re non-standard and put the signature data in a format that Satoshi’s protocol cannot decode. That is not the same as “reversed”. Details are important. How many times I have explained already that no reversal of the chain is required and no 50+% attack is required. Yet you n00bs continue the sloppy statements.

Ok and I agree. In the TRB chain split, once the "Satoshi miners" decide to "attack", coins stored in the Segwit addresses can be spent by anyone, and be considered "donations", while in the Bitcoin chain, everything will continue on as normal. I have to say that again for the n00bs like me reading this.

but only for the TRB fork

The Satoshi protocol can’t fork off. It is the extant protocol, so it can’t fork itself. The Core protocol is soft-to-be-hard-forking. This has been exhaustively explained to you.

But once the "Satoshi miners" start their "attack" it will cause a chain split and make two coins, BTC and TRB.

, chain split, that does not follow the rules enforced by 80% of total nodes in the network that are Segwit compatible.

You continue repeating this fucking node nonsense even after I have wiped your face with the floor about it.

What nonsense? It is the infrastructure that reinforces consensus code, and 80% or more of the total nodes are Segwit compatible nodes.

TRB will be in its own blockchain where miners can steal coins in Segwit addresses and wipe out the Lightning channels. We already get it. Good luck to that fork. I hope that the market and the users will value it more than Bitcoin so you can leave in peace.

You’re entirely confused. LN will continue running on the Core altcoin after Core forks off from Bitcoin. LN will AFAICT continue to be an insecure clusterfuck (which I expounded about) even on the Core altcoin.

As for the economic reality w.r.t. to the Core altcoin versus the extant Bitcoin (aka Satoshi’s immutable protocol), again I already wiped your face with the floor about it.

I hope we are done with this discussion. Please stop pestering me. You are free to lose all your Bitcoins and hodl Bitcons instead. Just leave me out of your stupid nonsense.

I am not pestering you, and I will not stop asking you questions if I disagree in your ideas.
legendary
Activity: 1456
Merit: 1176
Always remember the cause!

Providing other readers of this thread can assure me that they're still happy to use SegWit and the demented loon isn't having any sway on their thoughts in that regard, I'll happily stop.  It's was never about trying to convince Anonymint of anything, since I know from repeated prior encounters that's a complete waste of time.  Plus, it's not like his opinion matters anyway.  I just like to know the FUD isn't having the desired effect.

No! Sorry but you can't give any credit to SegWit by refuting @anunymint's hypothetical attack.

SegWit and LN are the worst things happened to bitcoin not because of vulnerabilities guys like him suggest or the possibility of a crazy fork in the name of Satoshi.

SegWit is evil because of its complexity and anomaly in design and Ln is evil because, besides its dependency on SW and its stupid target service(recurring transactions), it is a second layer protocol.

As of SW, Bitcoin deserves more! Its code shouldn't be obfuscated and ruined with such a childish mind. It should be elegant and clean, junior hackers who feel genius and become excited about their ability to find weird techniques to "solve" problems and at the same time remain careless about obfuscating and complicating the code and making it practically unmaintainable, are not the best candidates for the job.

Plus, LN as a second layer protocol is a curse. It alienates users from what bitcoin really is and how it should be understood and experienced.

Neither scalability nor any other problem in bitcoin should be projected to second layer protocols, it is a dangerous move that discourages mass adoption of bitcoin because it hides bitcoin and all its beauty under a pile of garbage and nonsense.

It was how "genius" programmers ruined internet in the last few decades and made it an unsecure, theft friendly environment.
Fuck second layer protocols, they do nothing other than fooling people and making them both slaves of rich and victims of thieves.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
I’m just exhausted of repeating the same points over and over again when someone fails to assimilate and disingenuously twists the debate.

Your idea of a "debate" is that everyone has to accept your insane doomsday theories as fact.  The onus is on you to provide a compelling argument.  You have failed.  Maybe stop repeating the same drivel if it's clearly proving ineffective.  We assimilate what you're saying just fine.  You don't assimilate that we still think you're unhinged and your words carry all the weight of someone who wriggled out of their straightjacket and scrawled some nonsense on the wall in their own excrement.  Maybe I need to point out again the sheer volume of 'The end is nigh', 'The sky is falling', 'The anonymint who cried wolf' FUD BS you've spouted in the past that turned out to be nothing other than a fevered dream on your part.  You have ZERO credibility.  You are synonymous with FUD at its most ludicrous peaks.  If I don't believe what you're telling me, you only have yourself to blame for that.


Gresham’s law assures us that the reserve currency will be driven out-of-circulation. TPS scalable stuff should be in altcoins, fiats, and what not. The reserve currency doesn’t need that crap. It needs security, immutability, and to not lose 4/5ths of its value as will happen to the Core altcoin because it is bad money which drives good money out-of-circulation.

People have also used Gresham's law to "assure us" that all of Bitcoin will die, not just the particular "brand" of code you've taken a personal disliking to.  I don't give their argument any greater credence than yours.  Again, debate does not mean we have to automatically believe your far-fetched premise as fact.  Your argument is in no way, shape or form convincing.  Troll harder.


It doesn't matter if a fork is hard, soft or goddamn sunny-side-up.

Actually it matters because Core and its shills such as yourself [snip]

Also Anonymint:
Real Bitcoin Foundation Real Bitcoin Foundation Real Bitcoin Foundation Real Bitcoin Foundation Real Bitcoin Foundation
Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema Trilema

hypocrite

Also, I don't know what forums you've been reading, but many of the most vociferous supporters of Core hate my guts and think I'm some sort of Communist.  I don't think they'd appreciate me being lumped in with them, heh.


If your client differs to a supermajority of other full nodes on the network to the point where it becomes incompatible, you are the fork.

Liar. It has been exhaustively explained that the number non-mining full nodes being online is basically irrelevant.

I'm sure from the perspective of a crazy person, you might genuinely believe I'm lying.  Just like I'd be lying if I said "the sky is blue", when you clearly perceive it to be on fire and hurtling towards us at an alarming rate because your mind is unwell.  Nodes will only become irrelevant when we stop running them, which incidentally, isn't happening.  So best of luck with your continued tirade, because it isn't having the desired effect.  

You would certainly like nodes to be irrelevant because that would suit your narrative.  

Which, for the briefest moments of considering the possibility you aren't insane, could ultimately be the basis of your FUD.  You don't like SegWit, so you tell people there's a vulnerability with it.  You try to convince them it's not safe to use in an attempt to diminish it.  You don't like the fact that full nodes clearly do enforce the will of a supermajority of network users, so you claim nodes are irrelevant.  So if your arguments aren't insane, then they're deliberately intended to weaken the aspects of Bitcoin that you don't personally agree with.  I'll leave it to the other readers of the thread to decide if you're crazy or simply malicious.  I think most of them should have a pretty solid opinion by now.





anyway, you're making him angry now

Apparently it's what I'm good at.  Wink  


(and there's no progress, there was never any chance of a productive dialogue anyway). It should be pretty clear by now that Anonymint is simply exploiting the mechanics of the soft fork concept for the sake of a FUD based argument, and you can't do much better than demonstrating just that alone in these circumstances

Providing other readers of this thread can assure me that they're still happy to use SegWit and the demented loon isn't having any sway on their thoughts in that regard, I'll happily stop.  It's was never about trying to convince Anonymint of anything, since I know from repeated prior encounters that's a complete waste of time.  Plus, it's not like his opinion matters anyway.  I just like to know the FUD isn't having the desired effect.
newbie
Activity: 2
Merit: 0
WOW look at that ..

Satoshi's protocol can’t fork off from itself. It is actively running now on the current BTC block chain. When the booty piles up, the Satoshi miners will take the donations and then Core will fork off. And then all the wealthy 1% who decide which chain will be the winner will of course sell their free air drop of Core altcoin fork tokens and use the proceeds to buy Satoshi Bitcoin unforked protocol tokens. Because the wealthy want security as the highest priority. And because the miners will be sharing the proceeds of the donations with the wealthy. As you point out, without immutability there is no security as even Peter Todd recently mused about if had his choice he would want to a perpetual inflation instead of 21 million coins. Core is mutability. Satoshi protocol is immutability.
Pages:
Jump to: