Relaying a summary post.
LoL 7 pages of talk about an idiotic guy that says something..... (keep on thinking its the guy claimed to be Satoshi)
Close thread never look back, by CSW!
You may end up eating your hat.
Dammit I did not want to reply to this thread again. But you essentially incorrectly summarized the thread and will cause new readers to think that there is not something much more important discussed in this thread than Craig Wright.
My posts in this thread have explained why Core BitcOn is a fake/forgery. And that there will eventually be huge donations of more than half of all the
BTC from those who hold the Core fork of Bitcoin back to those miners who will mine Satoshi’s original, immutable, one-and-only actual Bitcoin. This “real Bitcoin” is not BSV nor BCH. It is the Bitcoin that never stopped and will never stop being the one-and-only Bitcoin. It is the Bitcoin with 1 MB blocks.
Also I am replying because I tried via private messages to get @jbreher and @pereira4 to clarify their debate, but apparently they’re unwilling to do so.
Essentially I believe the point @pereira4 is trying to make is that if the block sizes become too gargantuan then there is some size at which offline user clients would be unable to validate the blockchain because their computational power could not keep up with the rate at which new transactions are added to blocks. Each full node client (even if offline) has to validate every transaction in every block. That is what makes proof-of-work trustless, unlike proof-of-stake which is proof-of-nothing because due to the nothing-at-stake problem, validating clients had to actually be online always to know whether a blockchain was the “longest” chain.
I have not done the computations to determine what size of block would meet @pereira4’s presume criticism. That is not the main criticism against BSV.
My point is that you are bagholding an altcoin (BSV) from the look of your posts, and you are not understand the game theory at play when it comes to what makes Bitcoin valuable on the first place.
A Bitcoin which is ran on datacenters on both the auditing and mining part is basically fiat.
Not if there are multiple competing entities at each of these roles.
Sorry friend but you are provably incorrect.
Let me tell you a parable:
[…]
Our protagonist, who had been a principal in the mining collective, was aware of the negative aspects of this protocol change. He wished to fight against this abomination. Having divested himself of mining power, however, he was absolutely powerless to do anything about the situation.
Our protagonist Craig Wright (a scammer[1]) has attempted to modify the protocol of Bitcoin, converting it into a fiat with centrally controlled block sizes. Any reply you make has already been discussed upthread. You’ll just be beating a dead horse as there are no new arguments that can be made.
Anyway, you will learn your lesson the hard way, by losing your
BTC. Enjoy.
Q.E.D.
[1]
https://www.reddit.com/r/btc/comments/9sexx0/craig_wright_actually_did_completely_original/https://www.theblockcrypto.com/2019/06/15/craig-wright-sees-motion-to-compel-him-to-reveal-his-bitcoin-holdings-granted/Here follows a recent quote from the Trilema.com dude who claims to have 0.5 million
BTC:
http://btcbase.org/log/2019-06-11#1917889feedbot:
http://qntra.net/2019/06/uk-wankers-imagineer-power-to-force-customer-due-diligence-into-bitcoin-client-software/ << Qntra -- UK Wankers Imagineer Power To Force "Customer Due Diligence" Into Bitcoin Client Software
mircea_popescu: i betcha the retards wil lactually do it.
BingoBoingo: Well, they have quite the gerontocracy
asciilifeform: anyone still recall the 1990s-era 'reich pgp' where castrated key bitness ?
mircea_popescu: yup
mircea_popescu: by "the retards" i meant whatever's currently left holding the power ranger flag
mircea_popescu: there should be a short story about this, 1988 soviets don't spontaneously combust, but instead invade. find a mexican dude in all of new york
mircea_popescu: "are you the americans ?" "BY JOE I IS!"
BingoBoingo: Apparently they added another XY old woman to the "maintainer" team
asciilifeform hasn't looked at prb in years, wouldn't at this point be surprised by anything at all
mircea_popescu: kinda same here.
mircea_popescu: sorta "unity"/"ubuntu"/whatever intellectual-abandonware.
mircea_popescu: "america"
intellectual-abandonware!
The Trilema.com folks just hate the fact the idiots in collectivism always make the wrong decisions. The “power rangers” are Core/Blockstream and their fake BitcOn Core.
They do not care if these idiots and all their followers (which also includes all the idiots who think they have a vote in democracy) perish. Because they see that all the trouble they create.
Although I agree with the problem, I do not agree with their eugenics/genocide solution, because the power-law concentration is a “nobody left standing” phenomenon if not counteracted by the breakdown of order in nature.
My goal for a solution is to find technological means to enforce decentralization.
P.S. Someone should post that in the Long-term advance notice thread to remind them that the Trilema.com dude is still preparing to join in the destruction of Core BitcOn.
Readers for your edification about reality:
http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/http://trilema.com/2018/how-to-piss-me-the-fuck-off-a-guide/http://trilema.com/2016/to-the-dao-and-the-ethereum-community-fuck-you/http://trilema.com/2016/how-to-participate-in-the-affairs-of-the-most-serene-republic/http://trilema.com/2014/interacting-with-fiat-institutions-a-guide/
