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It uses "Bitcoin" to refer to the protocol, not the BTC network. People fought about the name "Bitcoin" for ages and everybody has their own opinion about this

by shilch 7y ago

It uses "Bitcoin" to refer to the protocol, not the BTC network. People fought about the name "Bitcoin" for ages and everybody has their own opinion about this topic. The network that you refer to as Bitcoin has forked several times as well and least resembles the original protocol and idea when compared to BCH or BSV. OTOH the market values it the highest. > Someone created a block chain and network for mass data storage. I don't like the phrase of storing data on the chain. The blockchain is not a storage medium but a network that incentivised connectivity and data propagation.

kinghajj 7y ago
Except for an early hard fork due to a transaction verification bug that allowed for infinite Bitcoins to be created, the main Bitcoin chain, as implemented by the Bitcoin Core client, has never forked, to my knowledge. It also seems disingenuous to claim that it doesn't resemble the original protocol, when the block size cap that the forks adjust, was put into place by Satoshi himself.
- RustyRussell 7y ago
  FWIW, that was a soft fork, since it's backward compatible. It did cause a brief chain fork, however.
- onion-soup 7y ago
  Bitcoin core altered the protocol by removing instant transactions and adding segwit. So it’s not bitcoin anymore
  - kinghajj 7y ago
    "Removing instant transactions?" Do you mean "the GUI shows 0-conf transactions as pending?" And why does adding Segwit make it "not bitcoin anymore"? Further, the Bitcoin Core devs didn't alter the protocol, the miners and users did by using the voting mechanism to enable Segwit, entirely of their own volition.
    - shilch 7y ago
      > Do you mean "the GUI shows 0-conf transactions as pending? It's not just GUI but also a miner policy which can break the use of BTC as cash - as it was originally intended. > And why does adding Segwit make it "not bitcoin anymore"? It's an ugly addition to the original protocol that among others breaks the definition of a coin as a chain of digital signatures. This might lead to legal issues as some people (including lawyers) pointed out.
    - satuenpoo 7y ago
      SegWit changes the system from a "chain of digital signatures" to a "chain of hashes (witnesses)" The white paper and original protocol is crystal clear that a "Bitcoin is a chain of digital signatures"
- CraigIsSatoshi 7y ago
  Greg Maxwell having a conversation with himself it seems. Bitcoin is BSV. Craig Wright is Satoshi. BTC is air dropped scam of Bitcoin.
- shilch 7y ago
  BTC hard forked twice (or thrice if you count the one accidental hard fork) and soft forked a dozens of times. Claiming that BTC is the "main chain" is misleading. The main chain is dead for years; run the original bitcoin client, it won't sync up.
ghostpepper 7y ago
It's actually the very first text on the page: > Did you know that you can upload files directly to the Bitcoin network, as permanent, immutable, and monetizable Bitcoin transactions?
onion-soup 7y ago
You realize bitcoin core can’t scale? It literally can only process 4 tx/s whereas original bitcoin (bsv) can do thousands of tx/s

by shilch 7y ago

kinghajj 7y ago

Except for an early hard fork due to a transaction verification bug that allowed for infinite Bitcoins to be created, the main Bitcoin chain, as implemented by the Bitcoin Core client, has never forked, to my knowledge. It also seems disingenuous to claim that it doesn't resemble the original protocol, when the block size cap that the forks adjust, was put into place by Satoshi himself.

RustyRussell 7y ago
FWIW, that was a soft fork, since it's backward compatible. It did cause a brief chain fork, however.
onion-soup 7y ago
Bitcoin core altered the protocol by removing instant transactions and adding segwit. So it’s not bitcoin anymore
- kinghajj 7y ago
  "Removing instant transactions?" Do you mean "the GUI shows 0-conf transactions as pending?" And why does adding Segwit make it "not bitcoin anymore"? Further, the Bitcoin Core devs didn't alter the protocol, the miners and users did by using the voting mechanism to enable Segwit, entirely of their own volition.
  - shilch 7y ago
    > Do you mean "the GUI shows 0-conf transactions as pending? It's not just GUI but also a miner policy which can break the use of BTC as cash - as it was originally intended. > And why does adding Segwit make it "not bitcoin anymore"? It's an ugly addition to the original protocol that among others breaks the definition of a coin as a chain of digital signatures. This might lead to legal issues as some people (including lawyers) pointed out.
  - satuenpoo 7y ago
    SegWit changes the system from a "chain of digital signatures" to a "chain of hashes (witnesses)" The white paper and original protocol is crystal clear that a "Bitcoin is a chain of digital signatures"
CraigIsSatoshi 7y ago
Greg Maxwell having a conversation with himself it seems. Bitcoin is BSV. Craig Wright is Satoshi. BTC is air dropped scam of Bitcoin.
shilch 7y ago
BTC hard forked twice (or thrice if you count the one accidental hard fork) and soft forked a dozens of times. Claiming that BTC is the "main chain" is misleading. The main chain is dead for years; run the original bitcoin client, it won't sync up.

ghostpepper 7y ago

It's actually the very first text on the page: > Did you know that you can upload files directly to the Bitcoin network, as permanent, immutable, and monetizable Bitcoin transactions?

onion-soup 7y ago

You realize bitcoin core can’t scale? It literally can only process 4 tx/s whereas original bitcoin (bsv) can do thousands of tx/s