/biz/ - Business & Finance

>>29936607
Did Satoshi actually get this wrong, or did people with evil intentions take over the mining and fuck with it?

>>29936705
ARE YOU SAYING CRAIG IS SATOSHI?

>>29936705
the latter

lmao just have unlimited blocksize and then you have unlimited tps xD because none of those things have any real world implications on performance xDD

Moore’s Law is failing soon correct?

>>29936607
people who are dogshit in computer science shall shut the fuck up
of course we can make bitcoin scale to visa with big blocks but what will happen to the blockchain size and everyone's hard drive? duh ooga ogaga oogagaga ga

>>29936607
>gmx.com
what? is Satoshi German? I know only germans used gmx really

>>29937027
>>29936772
yea bro stop making blocksizes bigger we cant handle it

>>29936882
It's getting slower. Future development will focus on different architecture, like using GPUs for general purpose computations

>>29937110
you think everyone has fiber optics? shut the fuck up retard

>>29936705

This Bitcoin was kneecapped just enough so that our central bank overlords can introduce their own centralized digital currency.

You thought you where gonna escapes the kikes grasp that easy they got you by the balls.

Just watch they'll start making future UBI payments in a digital only format to get everyone to use it then they'll outlaw any attempt to convert it to a true crypto.

>>29937199
>my rasp pi is helping the network

>>29937110
Adoption outpaced moore's law, just look at how shit ETH is.
This is an old argument that always favors the small blockers in the end.

>>29936705
Btc was hijacked by bilderburg group and the devs sold their souls. Btc is a shitcoin that can't scale. BSV is the real bitcoin.

>>29937329
>just make the blockchain 42000 times bigger so that it's as fast as visa

>>29937470

>>29937329
Let me guess... you've never validated a consensus yourself and just trust whatever people tell you.

>>29936705
The latter.

>>29937027
>everyone's hard drive?

>>29937517
yeah sure faggot

>>29937110
going in my bsv folder kek

>>29937517
>lmao just add 150GB of data per day

>>29937389
>just look at how shit ETH is
ETH is a small block shitcoin. What are you talking about, retard? Also in ETH's case it can scale because the way it executes script.

>>29937470
Yes

>>29937713
>150GB of data per day
Rookie numbers.

>>29937713
just use the graph bro

>>29937898
You think ETH could raise their throughput without breaking the network?
Then why don't they just do it?

You big blockers are so fucking stupid it's not even worth responding.

>>29936607
Satoshi also sent out an email saying not to raise the block limit. Turns out hard drives haven't gotten 100 times bigger since 2009, and internet bandwidth certainly hasn't gotten 100 times faster.

>>29936882
ARM based CPUs can make it last another 10 years

>>29937199
Oh no niggers and pakis BTFOd. I’m not in crypto cause I want the tech. I’m here to get rich

>>29936607
CIA once mentioned, that they know who Satoshi is, but it would be illegal for them to say who that is. If they knew who he is, then they could take him down. RIP Satoshi Nakamoto, the man who made me rich, and gave me back hope.

>>29938208
>You think ETH could raise their throughput without breaking the network?
Also in ETH's case it can scale because the way it executes script.
>Then why don't they just do it?
Also in ETH's case it can scale because the way it executes script.

>You big blockers are so fucking stupid

jfc kys

>>29936882
Until we have another breakthrough we've basically hit the peak as far as PC parts go. If you make a PC with new parts right now it'll probably last you until 2030, and even if it doesn't all you'd need is a new GPU assuming they end up making great strides in raytracing and other meme shit.

>>29937110
nodes were designed to be run by anyone who wanted to, that changes if you need a dedicated data sever just to keep up with the ledger kek

>>29938460
Then copy the code and make a trillion dollars fag.
Just because you repeate something doesn't make it true.

>>29938569
But some Australian guy and a cia backed developer said you can have your cake and eat it too.
All you have to do is give up control of easily synced nodes.

>>29938569
they simply favor short term to long term, as every mentally retarded brainlet like to do

>>29938737

>>29938930
>someone who has never synced a node (you)

>>29939139
Yeah and I never will because I'm not a miner.

>>29938555
Checked.

>>29939354
You're not even a real person.
Just trust some corporate node and whatever rules it comes up with, kek.

>>29940003
Your faggy little raspberry pi can't stop miners with actual hash from doing anything to the network. Only other miners with hash can as it's literally their job.

Now kys immediately.

>>29940302
>doesn't understand game theory and completely misses the point
Yeah bud miners are going to brick themselves by attacking sha-256, and then the users will fork to a new mining algorithm probably losing money for everyone involved.

It's clearly a power dynamic thing.
Nodes running a consensus give them the ability reject bad blocks and ultimately fork if miners act in bad faith.
This puts them on even playing ground and makes for a better governance.

You look at bloat chains you realize they can't fork.
So users are stuck following whatever BS rule changes are implemented.

>>29940822
>all these words
>doesn't refute the primary point

Eat shit and die central banker shill.

>>29941058
Raspi can reject bad blocks and fork to a new consensus.
It's what allows the users to continue building the network no matter what.
It keeps miners in their place as service providers

>>29941058
For example the users could force through a privacy upgrade on small blocks but cannot on big blocks

>>29936705
2nd

>>29938569
You’re a faggot who clearly doesn’t give a single fuck about the tech let alone the Bitcoin project

>>29941132
>>29941280
Wouldn't be secure and would have no value. Your faggy listening node does nothing.

>>29937470
if you want to process 1000x the transactions, you will have 1000x the transaction data.

>>29936772
that's why he mentions computer performance
I'm sure modern PCs can handle more than 7 fucking transactions per second

>>29941829
>you will have 1000x the transaction data.
Finally things are coming up Millhouse! I knew that stack of 10 terabyte enterprise HDDs and fiber connection were a good investment!

>>29938433
>CIA once mentioned
source?

>>29941902
processing it maybe possible, but downloading it is a problem. Bitcoin allows 1 MiB every 10 minutes, that's 51 Gigabytes a year. You want to multiply that by a hundred?

>>29942217
https://www.vice.com/en/article/mbk49y/who-is-satoshi-nakamoto-cia-foia-fbi

Also, remember that Craig Sastoshi Wright unironically worked for DHS

>>29941706
You'd signal like the uasf
Miners follow the users not the other way around

>>29942317
5 terabyte harddrive PER YEAR is nothing for miners who have hundreds of millions of dollars invested in their mining data centres

if you aren't mining you are a leech on the block distribution network

>>29937027
not everyone needs to run a full node duh

>>29936737
>glowies involved
>thinks the real slim shady is the one they want you to think it is
It's never that obvious friendo

>>29942923
the average user can't afford a terrabyte per year. Just downloading it would take months.

>>29943070
>>29941389

do you even read what the FUCKING CREATOR OF BITCOIN WROTE ABOUT BITCOIN, YOU THICK FUCK?

>>29943070
>the average user can't afford a terrabyte per year. Just downloading it would take months.
I restarted my torrent software this morning, since then it has already uploaded 300gb

>>29943058
Bump

>>29943152
yeah he came out against the block size increase in his final email, pic related.

In his early emails like OP, he said some strange stuff about scaling bitcoin. He seemed to think it would be possible to check transactions by only verifying the chain of hashes, not every transaction. But so far as I know, the final bitcoin protocol never supported that.

>>29943323
get real, the average user couldn't upload 3 GB a day

>>29944199
>he said some strange stuff about scaling bitcoin. He seemed to think it would be possible to check transactions by only verifying the chain of hashes, not every transaction. But so far as I know, the final bitcoin protocol never supported that.
That's called SPV, which is implemented.

>>29944199
Mailman (the mailing list software used by the linuxfoundation mailing list) allows admins to add users without validating their email address.

Warren Togami (who is an admin of the mailing list, and also employee of blockstream) may be able to shed some light on how/when satoshi's old email account was added to the list.

It's also possible that:

The owner of anonmymousspeech.org (who own vistomail.com) could have sent the message

Whoever had access to satoshin@gmx.com when it was hacked used it to perform a password recovery on the satoshi@vistomail.com account.

It was the 'real' satoshi

That shit is dubious and satoshi email was hacked previously in 2014

There's no fundamental legitimacy to that politically charged email

>>29944333
Isn't SPV a Craig Wright thing?

>>29945099
the email hack happened 9 months later when the account expired, IIRC. I never thought about the admin of the mailing list falsifying it though.

>>29936607
Rug = pulled

Why doesn't old Satoshi just make a fucking new bitcoin? It's literally been a decade and this nigga could introduce a new crypto that solves all btc flaws but he's just beating his dick like a bitch

>>29936607
Network effects trump whitepaper.
/thread

>>29945541
He's dead mate.

>>29945453
Correct, SPV was implemented by Craig Satoshi Wright. Exclusively on BSV thanks to the patent.

Blockstream needs LN for that (have their own patent).

>>29945541
of all the people in the thread you're probably the most retarded, back to bed zoomer

>>29945541
hes waiting till he can afford a moonbase, space station around jupiter and a cyborg body

>>29945541
apparently he did, see >>29945659

>>29945541
That’s literally BSV

>>29945654
nice proof
>>29945695
I'm probably older than you father or am your father fucking retard.
>>29946002
craig wright is a scammer
>>29946097
COPE

>>29937470
Oh no you'd need a rig 4.2x10^3 as powerful as a rasp pi. If only there was an incentive for investing in such a one...

>>29945659
SPV was already in bitcoin with 0conf before creg was outed

When RBF was introduced, it undermined 0conf and allowed for spenders to reassign their destination address with a higher fee

>>29937284
Anon look, imagine one day you selling some thing for crypto directly without fiat at all.
Separate economy develops, look at third world and their use of crypto.

>>29936705
moores law did actually break, and didn't get back on track until 2016 with the GTX 1080 and intel i7s if i recall correctly.

>>29946650
That's not SPV and has nothing to do with why SPV is the ultimative gamechanger to scale.

If SPV is a nothing-burger, why has Blockstream also patented it (via LN)?

You corekeks are a literal joke.

>>29936607
it's been 3 years and craig still shits the bed
this is legit on the same level of schizoposting with XRP
you have no idea how computer works and you all take your talking points from a memo on your shill discord/TG channel
>uhhh your fiber bro???
>oh no your raspberry pi can't handle it what a shame
>bro just imagine the profits your rig will produce
i'm sorry guys but how much should I profit after investing into a rig with 1 Tbps optic receiver, optic fiber and 14 Petabytes of data storage for a current chain snapshot of the size of BTC (with entirety of network used only for test/speculation purposes AKA still not adopted)?
Please ask the guy who wrote your shill memo to do the math

>>29946250
>I'm probably older than you father or am your father fucking retard.
Would explain why you’re functionally retarded and opposed to something outside your worldview / scope of perspective

>>29946896
Bump

>>29936705
premature optimization plagues entirety of IT industry
and BTC is all about premature optimization
when scalability problems became apparent - the development of blockchain as an actual USD/gold/whatever replacement went into limbo (or development hell)
so i guess satoshi not only got it wrong, but it also became a major blocker for him so quickly jumped the ship