Topic: Segwit is shit Satoshi Nakamoto said it himself (Read 1226 times)
We have Satoshis vision in Bitcoin Cash now. No need for overpriced Corecoins with little utility.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
I had read more than a couple of times from different sources that Satoshi expected bitcoin to scale larger than Visa. Point is Visa handles, 150,000 million transactions per day, 24,000 tps. Current tps of bitcoins 7. Satoshi had mentioned Moore's law in accordance with scalability. Let's assume Moore's law isn't dead and agree with Intel that it's still valid.
Quote
Moore's law is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years.
https://en.m.wikipedia.org/wiki/Moore%27s_law
So let's double the blocksize every two years, 1,2,4,8,16,32 MB. How many years? 8 years. Now to have a scalability as Visa you need a minimum of 8 GB blocksize. And at what cost? Let's assume we have 5000 nodes at 1 MB, node depreciation would happen in proportion with block size increase and by the Visa standards you just might have one node, figuratively, and how much centralization would that would be?
Bitcoin could easily Scale much bigger than Visa if you take the decentralization aspect away, but it ain't it's purpose, one of the weaknesses of bitcoin is scalability, but on the plus side it is transparent and decentralized.
Now Segwit, if I am right LN could process thousands of transactions within a second, something equal to Visa. LN is open source and anyone can run a node, and still it could be argued that LN leads to centralization, perception.
From a neutral PoV, technology is advancing at a rapid rate, GPU, ASICs, and we aren't sure how technology is going to affect bitcoin mining in future. In the same sense what Satoshi said was about 8 years ago when bitcoin cap wasn't around $65 billion. Many possible implementations with bitcoin protocol are possible which Satoshi might not have thought about. In every argument, dragging white paper and Satoshi said so/Satoshi's vision might not be a logical/constructive approach, it was Satoshi's vision at that time, if he/she/they were around now then we would have asked how to proceed. But since not there, we have to move according to consensus/majority/what's good for bitcoin.
PS: Hope I am right with the Moore's law, if not please do correct me.
To be fair, we cannot say what Satoshi's view would be today as he has not been active since 2010... just saying. 
Any reference to satoshi's words are out dated. he could or could have not approved segwit. and during those time, the capacity of the tech is different than now. You cannot use an outdated comment to discredit bitcoin cash or segwit. You will have both chain, decide on which to support on the basis of their performance.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Who is satoshi nakamoto, is he a japanese?I'm not sure about this news. This is a joke. Nakamoto is a pseudonym, I read it in an article. No one knows where Nakamoto lived. Some say he is in Australia.
I didn't know that satoshi posted such a thing as far as i know he left in 2011 soe users that he was an active member here in 2010 dont know if that's true but you can search for his post here dont know if the search engine would function right now.
Dont know if satoshi would support larger blocks because i haven't heard amy statements for him that he supported it and will never know after he have designed the 1mb block size for bitcoin but if that increase in size would benefit bitcoin i guess he would do it. That's only my own opinion.
Dont know if satoshi would support larger blocks because i haven't heard amy statements for him that he supported it and will never know after he have designed the 1mb block size for bitcoin but if that increase in size would benefit bitcoin i guess he would do it. That's only my own opinion.
it does not matter now we have big blocks BCC
and segwit BTC
take your pick...
debate over.
and segwit BTC
take your pick...
debate over.
I take both. Why not keep the other one if they give it to you for free? I take whatever which is profitable.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
It is so very possible that Satoshi could have created a new account using a different name fo the past 7 to 8 years on this forum just to see what others have discussed. He may have posted one post here and there and still be a newbie.
Satoshi may have chosen 1mb for a block concerning that the blockchain size may get too big over time as for every 10 minutes a block is created. But we cannot really know what he actually thinks. The world changes consistently at a very quick pace and it is really hard to predict what will happen in the distance future. He may have not anticipated the large demand right now which causes the transaction process to be this slow and transaction fee to go up like this. Years ago, people would think that the fees would be in pennies.
If he is still around, he would continue to enhance and to protect Bitcoin with or without block size improvements. His main mission was to create a decentralized cryptocurrency which can replace fiats one day and to remove the influences from the federal banks. The block size debate is insignificant.
Of course he did. That is what i would do. One can imagine the amount of private messages people sent him and he got fed up... or something like that.
Would you be the one, "The One"?
it does not matter now we have big blocks BCC
and segwit BTC
take your pick...
debate over.
and segwit BTC
take your pick...
debate over.
When we go through the post history of Satoshi one can understand what all the efforts he made to make it more successful. Bitcoin is all about the trust and purely a speculative asset. In some form he didn't wish his innovation to be forked, but this could have taken place long back if he is known to the world.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
It is so very possible that Satoshi could have created a new account using a different name fo the past 7 to 8 years on this forum just to see what others have discussed. He may have posted one post here and there and still be a newbie.
Satoshi may have chosen 1mb for a block concerning that the blockchain size may get too big over time as for every 10 minutes a block is created. But we cannot really know what he actually thinks. The world changes consistently at a very quick pace and it is really hard to predict what will happen in the distance future. He may have not anticipated the large demand right now which causes the transaction process to be this slow and transaction fee to go up like this. Years ago, people would think that the fees would be in pennies.
If he is still around, he would continue to enhance and to protect Bitcoin with or without block size improvements. His main mission was to create a decentralized cryptocurrency which can replace fiats one day and to remove the influences from the federal banks. The block size debate is insignificant.
Of course he did. That is what i would do. One can imagine the amount of private messages people sent him and he got fed up... or something like that.
I am more interested in knowing who told you that.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
It is so very possible that Satoshi could have created a new account using a different name fo the past 7 to 8 years on this forum just to see what others have discussed. He may have posted one post here and there and still be a newbie.
Satoshi may have chosen 1mb for a block concerning that the blockchain size may get too big over time as for every 10 minutes a block is created. But we cannot really know what he actually thinks. The world changes consistently at a very quick pace and it is really hard to predict what will happen in the distance future. He may have not anticipated the large demand right now which causes the transaction process to be this slow and transaction fee to go up like this. Years ago, people would think that the fees would be in pennies.
If he is still around, he would continue to enhance and to protect Bitcoin with or without block size improvements. His main mission was to create a decentralized cryptocurrency which can replace fiats one day and to remove the influences from the federal banks. The block size debate is insignificant.
this is getting ridiculous lately,
You said it dork.
All segwit shills. All farmed. Or sold to scammers/shills.
https://bitcointalksearch.org/topic/snip-1397274
(thanks KWH)
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
Yes, a direct link to what you've read would be nice in order for us to verify your claims. However, all will just ignore your thoughts OP since Satoshi was not around anymore. So we can immediately conclude your claims to be false.
Who the fuck is this? It is obvious.
Newbie, backing up Kaller farmed account, backing up Iranus farmed account, and on.
this is getting ridiculous lately,
i encountered something like this before,and the tittle said he died[Satoshi Nakamoto].
and right now someone claimed that 'he was reading somewhere that Segwit is shit or something like that'.
seems like 'OPPOSITE' party creating a lot shit topic.
one of those creating about 'Someone mining Bitcoin and disciplined,the irony is that news came from 2014),
another one created about 'Satoshi dead in the street'
and this one created about 'Some shit Segwit or bla bla bla'.
This community don't need something or someone like you guys,please if you want to compete do it fairly
i encountered something like this before,and the tittle said he died[Satoshi Nakamoto].
and right now someone claimed that 'he was reading somewhere that Segwit is shit or something like that'.
seems like 'OPPOSITE' party creating a lot shit topic.
one of those creating about 'Someone mining Bitcoin and disciplined,the irony is that news came from 2014),
another one created about 'Satoshi dead in the street'
and this one created about 'Some shit Segwit or bla bla bla'.
This community don't need something or someone like you guys,please if you want to compete do it fairly
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
Yes, a direct link to what you've read would be nice in order for us to verify your claims. However, all will just ignore your thoughts OP since Satoshi was not around anymore. So we can immediately conclude your claims to be false.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
Yup. and the next fucking theymos farmed account appears to tell you you are wrong. Stop thinking that.
(SOURCE?! https://bitcointalksearch.org/topic/rizzs-500-1670807 )
Satoshi was active on this forum. Here are his posts.
As you can see his last post was on December 12th, 2010. After that he has given no further information.
Because SegWit was proposed far later than when satoshi left, he had no direct or official opinion on it, nor did he have an opinion on Bitcoin Cash.
Many supporters of Bitcoin Cash have argued that satoshi supported larger block sizes and opposed SegWit. It's difficult to suggest that he was against SegWit, and I think that this statement is made just because people see SegWit as being against block size increases. As for whether he supported larger blocks, it looks like he did. Whether he knew what the implications of larger blocks would be were the network under more stress I don't know, but personally I don't subscribe to the narrative that the block size can never be increased or that it's necessarily bad.
A likely source of your information would be the subreddit r/btc. While uncensored (with open moderation logs), r/btc is mainly a protest against r/bitcoin, and therefore most people on that subreddit are in an echo chamber of supporting larger blocks, much like how people in r/bitcoin are in an echo chamber of opposing larger blocks.
Personally I would suggest that you ignore both subreddits and simply learn about how Bitcoin works. Most people on the Internet discussing it are too biased to give neutral or reasonable opinions on the topic and it's hard to distinguish reason from bullshit a lot of the time.
As you can see his last post was on December 12th, 2010. After that he has given no further information.
Because SegWit was proposed far later than when satoshi left, he had no direct or official opinion on it, nor did he have an opinion on Bitcoin Cash.
Many supporters of Bitcoin Cash have argued that satoshi supported larger block sizes and opposed SegWit. It's difficult to suggest that he was against SegWit, and I think that this statement is made just because people see SegWit as being against block size increases. As for whether he supported larger blocks, it looks like he did. Whether he knew what the implications of larger blocks would be were the network under more stress I don't know, but personally I don't subscribe to the narrative that the block size can never be increased or that it's necessarily bad.
A likely source of your information would be the subreddit r/btc. While uncensored (with open moderation logs), r/btc is mainly a protest against r/bitcoin, and therefore most people on that subreddit are in an echo chamber of supporting larger blocks, much like how people in r/bitcoin are in an echo chamber of opposing larger blocks.
Personally I would suggest that you ignore both subreddits and simply learn about how Bitcoin works. Most people on the Internet discussing it are too biased to give neutral or reasonable opinions on the topic and it's hard to distinguish reason from bullshit a lot of the time.
Satoshi said that he didn't want his software forked, so he would have been against Bitcoin Cash by default.
He said me made bitcoin with the idea of supporting a lot of transaction formats. I have no idea what he would have said about segwit. I would like to see that, given how much controversy this thing has had.
But what's guaranteed is, he would have opposed the hardfork.
I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
Where did you "read somewhere" about this? SOURCE?!
Don't just claim you read about something Satoshi said recently when he hasn't said anything since 2010.
Literally no one knows who he is yet you claim to have some kind of inside knowledge. Lol... no, just no.
Satoshi was active on this forum. Here are his posts.
As you can see his last post was on December 12th, 2010. After that he has given no further information.
Because SegWit was proposed far later than when satoshi left, he had no direct or official opinion on it, nor did he have an opinion on Bitcoin Cash.
Many supporters of Bitcoin Cash have argued that satoshi supported larger block sizes and opposed SegWit. It's difficult to suggest that he was against SegWit, and I think that this statement is made just because people see SegWit as being against block size increases. As for whether he supported larger blocks, it looks like he did. Whether he knew what the implications of larger blocks would be were the network under more stress I don't know, but personally I don't subscribe to the narrative that the block size can never be increased or that it's necessarily bad.
A likely source of your information would be the subreddit r/btc. While uncensored (with open moderation logs), r/btc is mainly a protest against r/bitcoin, and therefore most people on that subreddit are in an echo chamber of supporting larger blocks, much like how people in r/bitcoin are in an echo chamber of opposing larger blocks.
Personally I would suggest that you ignore both subreddits and simply learn about how Bitcoin works. Most people on the Internet discussing it are too biased to give neutral or reasonable opinions on the topic and it's hard to distinguish reason from bullshit a lot of the time.
As you can see his last post was on December 12th, 2010. After that he has given no further information.
Because SegWit was proposed far later than when satoshi left, he had no direct or official opinion on it, nor did he have an opinion on Bitcoin Cash.
Many supporters of Bitcoin Cash have argued that satoshi supported larger block sizes and opposed SegWit. It's difficult to suggest that he was against SegWit, and I think that this statement is made just because people see SegWit as being against block size increases. As for whether he supported larger blocks, it looks like he did. Whether he knew what the implications of larger blocks would be were the network under more stress I don't know, but personally I don't subscribe to the narrative that the block size can never be increased or that it's necessarily bad.
A likely source of your information would be the subreddit r/btc. While uncensored (with open moderation logs), r/btc is mainly a protest against r/bitcoin, and therefore most people on that subreddit are in an echo chamber of supporting larger blocks, much like how people in r/bitcoin are in an echo chamber of opposing larger blocks.
Personally I would suggest that you ignore both subreddits and simply learn about how Bitcoin works. Most people on the Internet discussing it are too biased to give neutral or reasonable opinions on the topic and it's hard to distinguish reason from bullshit a lot of the time.
Fucking farmed account. You would know all about fucking echo chambers wouldn't you.
Talking all smooth and inane.
Of course satoshi liked big blocks. Bitcoin
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