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The word “honest” appears 16 times in the Bitcoin whitepaper. Bitcoin is designed with a greater incentive for honest miners to deter attacks. Your and my pred
by kylelee99 5y ago
The word “honest” appears 16 times in the Bitcoin whitepaper.
Bitcoin is designed with a greater incentive for honest miners to deter attacks.
Your and my predictions for the "happy-path scenario" are different. BitcoinSV is empirically demonstrating that it can be expanded according to Satoshi's design. Still, most people, including you, don't seem to want to see it.
Satoshi designed and made predictions. I hope that you will see it without prejudice that it is now a reality.
Finally, I would like to thank you very much for all of your patience, listening, and replying.
- rglullis 5y ago> I hope that you will see it without prejudice that it is now a reality. I've said in the very first comment. The problem is not about now, the problem for BSV is that it ignores dynamic changes in the system across time. You can not say that anyone "is empirically demonstrating that it can be expanded" for future scenarios by using current conditions. It's a very basic mistake, and you keep insisting on it. You talk about static variables in the system (few specialized miners, others just run nodes) without explaining how this will ever reach an equilibrium. You keep using circular logic to justify your reasoning: "miners will be incentivized to be honest because the paper says miners will be honest due to incentives" is not a valid argument until you show the calculation of the cost/reward for being honest vs for colluding. Worst of all, you start with the premise that "Satoshi's design" is the final solution and that everyone pointing out its flaws are just stupid not to see it. From reading your comments, it seems almost like you treat the paper as some Revealed Truth and that the different actors are just supposed to fulfill their predetermined roles. > I would like to thank you very much for all of your patience, listening, and replying. Yeah, I'm done with that now. I said in the beginning that bitcoin maxis (no matter which fork of it) are either naive or crooks. You don't seem to be a crook, but you haven't convinced me out of the alternative.
- kylelee99 5y agoI know I can't convince you. I think it's because we have different expectations for the future and our understanding of Satoshi's design is different. When the first 10MB block was created, even when the 100MB block was created, people still did not believe it. For now, 1-2 GB blocks are created. Nothing has changed. If a 1TB block is created and processed without problems, would it be acceptable? I think maybe not. And even if 10TB and 100TB come into existence, there will still be people who believe that scalability is impossible. But by then, it seems that we are already using it widely. Thank you so much for not treating me as a scammer. PS. I was delighted to discover so many new things through discussion with you.
- rglullis 5y ago> 10TB and 100TB come into existence, there will still be people who believe that scalability is impossible. That is the best example of looking at a system as something static. Forget about the exceptionally large block, you need to measure what the blockchain is capable of handling on a long span of time. You will have my eyes and ears when BSV manages to handle average loads of multi-GB blocks during a whole day.
- kylelee99 5y agoI hope that. :)