Topic: what is the "real" bitcoin, "Satoshi vision",... - page 3. (Read 705 times)
Your question is irrelevant.Every bitcoin user knows that BCH and all the other forked altcoins that are using the name "bitcoin" aren't bitcoins.
Satoshi never said that 1 CPU = one vote, in fact he predict the mining farms. And overall it's not that important what details of implementation were favored or disfavored by Satoshi - what is important is how close the software to the core ideas of Bitcoin that were presented in whitepaper. No one thought about things like Lightning Network back in 2009, yet here we are, extending Bitcoin to face new challenges.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
I could not agree more. We have to understand that bitcoin is like an ecosystem or even an organism if you wish and it is evolving to meet the current challenges it is facing. I am sure that Satoshi Nakamoto understood this reality back when he started this all and therefor he is very much open-minded to possible positive changes in the future. The most important here is that the principles of bitcoin remained the same and we should always be guided with them.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
My apologize but I didn't quite understand.. you mean that these BCH big blocks will damage every coin or only the centralized coins in a long run?Though big blocks were not as useful as they were thought to be, there's no reason for a big block to cause damage to the network. Experiment and implementations would keep on coming in crypto and they would be useful for each other. I'm not a supporter or opposer of any crypto but a fair competition and discussion would surely make all cryptos better and stronger.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
My apologize but I didn't quite understand.. you mean that these BCH big blocks will damage every coin or only the centralized coins in a long run? 
Satoshi never said that 1 CPU = one vote, in fact he predict the mining farms. And overall it's not that important what details of implementation were favored or disfavored by Satoshi - what is important is how close the software to the core ideas of Bitcoin that were presented in whitepaper. No one thought about things like Lightning Network back in 2009, yet here we are, extending Bitcoin to face new challenges.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
The fact that Bcash mining is centralized is not its biggest problem - any coin can become like that under some circumstances, what is problematic of bcash is that its model is unsustainable in the long run, big blocks will cause irreparable damage to the network which turns it into inherently centralized protocol.
you have probably heard these terms before, but what is the "real" bitcoin?
Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin.
so lets review two of these principles:
A decentralized network based on majority's decision using proof of work
in other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System.
as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.
Irreversible transactions and immutable blockcahin
this is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack.
but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin".
Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin.
so lets review two of these principles:
A decentralized network based on majority's decision using proof of work
in other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System.
as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.
Irreversible transactions and immutable blockcahin
this is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack.
but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin".
You are providing the truth but with wrong example.
The discussion about which one is the real bitcoin chain is fairly simple, the one decided by (majority of miners). That's the only and valid reason.
Bitcoincash miners came together to undo an profit made by an attacker. It's not just a miner but all miners in two of it's largest pools. They did it because they were sure it's for the good of Bitcoincash. It does not mean bitcoincash is centralised.
you have probably heard these terms before, but what is the "real" bitcoin?
Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin.
so lets review two of these principles:
A decentralized network based on majority's decision using proof of work
in other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System.
as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.
Irreversible transactions and immutable blockcahin
this is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack.
but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin".
Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin.
so lets review two of these principles:
A decentralized network based on majority's decision using proof of work
in other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System.
as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.
Irreversible transactions and immutable blockcahin
this is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack.
but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin".
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