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It would be funny but it is physically impossible for all the reasons that make Bitcoin desirable.

by bitxbitxbitcoin 5y ago

ASalazarMX 5y ago
> physically impossible You mean ethically questionable? Because it is not impossible.
- nullc 5y ago
  It's analogous to suing someone who makes gold jewelry to try to force them to get everyone else to start referring to lead as "gold" and paying gold prices for it.
  - ASalazarMX 5y ago
    That would be if he was asking for Bitcoin silver to take over Bitcoin. This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree.
    - nullc 5y ago
      > This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree. That isn't how Bitcoin works, however. The protocol is enforced autonomously by each participant all on their own. The only voting like property in Bitcoin is the consensus used to decide the order of transactions in order to reject double-spends. Wright doesn't want to change the order of transactions-- the coins he's attempting to steal haven't moved since 2011. If someone creates a transactions that spends some coins without the required signantures it'll just be ignored by all participants. If some participants adopt backdoored software that allow bypassing the authentication they'll just be ignored by everyone else, it doesn't matter how many do-- all automatically. Even if everyone else adopts that backdoor your own computer will just ignore them and continue the Bitcoin network with other non-backdoored participants. So inherently what he seeks is to replace Bitcoin with an incompatible alternative. The only way that's possible is if people choose to adopt the alternative, call it bitcoin, trade it for bitcoin-prices, etc. He's attempted it already too, he created Bitcoin Satoshi Vision-- his fork that is distributed under a proprietary software license. His conspirators and their victims go around telling people that it's the real bitcoin and that Bitcoin is an imposter. This has been mostly unsuccessful.

It would be funny but it is physically impossible for all the reasons that make Bitcoin desirable.

ASalazarMX 5y ago

> physically impossible You mean ethically questionable? Because it is not impossible.

nullc 5y ago
It's analogous to suing someone who makes gold jewelry to try to force them to get everyone else to start referring to lead as "gold" and paying gold prices for it.
- ASalazarMX 5y ago
  That would be if he was asking for Bitcoin silver to take over Bitcoin. This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree.
  - nullc 5y ago
    > This is like someone asking the bank to give him someone else's massive but abandoned account, if more than half of its clients agree. That isn't how Bitcoin works, however. The protocol is enforced autonomously by each participant all on their own. The only voting like property in Bitcoin is the consensus used to decide the order of transactions in order to reject double-spends. Wright doesn't want to change the order of transactions-- the coins he's attempting to steal haven't moved since 2011. If someone creates a transactions that spends some coins without the required signantures it'll just be ignored by all participants. If some participants adopt backdoored software that allow bypassing the authentication they'll just be ignored by everyone else, it doesn't matter how many do-- all automatically. Even if everyone else adopts that backdoor your own computer will just ignore them and continue the Bitcoin network with other non-backdoored participants. So inherently what he seeks is to replace Bitcoin with an incompatible alternative. The only way that's possible is if people choose to adopt the alternative, call it bitcoin, trade it for bitcoin-prices, etc. He's attempted it already too, he created Bitcoin Satoshi Vision-- his fork that is distributed under a proprietary software license. His conspirators and their victims go around telling people that it's the real bitcoin and that Bitcoin is an imposter. This has been mostly unsuccessful.