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19689852 No.19689852 [Reply] [Original]

This is where everyone goes wrong. And heres something people don't think about...
The reality of it is - read section 5 of the whitepaper. If you dont create blocks, you're wasting your time.
If you start thinking about it... And you can do that. I mean everyone remembers, back in the nineties and all the rest.
Overlay networks. Index data. I can do that now. How do I do that?
Well, that's why you have the binary tree. Nobody reads the references anymore.
This whole idea of everyone runs a node and whatever else... in a year from now people will start understanding.

>> No.19690038
File: 100 KB, 922x760, craig-wright-mt-gox-hacker.jpg [View same] [iqdb] [saucenao] [google]
19690038

>> No.19690105

>>19690038
imagine trusting that CONVICTED criminal over satoshi
>On March 14, 2019, the Tokyo District Court found Karpelès guilty of falsifying data to inflate Mt. Gox’s holdings by $33.5 million

>> No.19690129

>>19690038
btw the hack happened in late june, not march

>> No.19690155

I see the bsvjeets are running the Chewbacca defense for this one

Creg claimed to possess an address containing 80,000 STOLEN bitcoins

And since we know he’s far too incapable to ever be the thief, it simply confirms for the nth time that he is a fraud and his claims of ownership over anything are null

He is not satoshi
He is a con man and idiot

Cope

>> No.19690161
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19690161

>>19690038
>>19690129
THE WEB IS BEGINNING TO FALL

>> No.19690170

>>19689852
Craig's liver and pancreas will give out long before he reaches this age.

>> No.19690311

>>19690105
Easily. Nice Qints by the way

>> No.19690363

>>19689852
brainlet understanding of bitcoin.
if the network is not validating then miners can change the rule with a majority vote (coerced or opportunistic doesn't matter).
if the network is validating miners mining invalid blocks fork themselves off and deny themselves of reward.
if you think a validating network does not add to bitcoin security you are retarded.

>> No.19690383
File: 853 KB, 695x462, signing.png [View same] [iqdb] [saucenao] [google]
19690383

>> No.19691354

>>19689852
>If you dont create blocks, you're wasting your time
there were light wallets when satoshi was around, you are a complete and utter fool
if you want someone to LARP as satoshi, you would expect him to at least try to have the same ideas as him
craig's LARP is a complete failure from day 1 because of all the conflicting ideology

>> No.19691420
File: 147 KB, 762x480, 1578794615075.png [View same] [iqdb] [saucenao] [google]
19691420

>>19690363
>>19691354
>what is spv
retards

>> No.19691439
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19691439

>>19691420

>> No.19691924

>>19690161
Who's the author of that piece?

>> No.19691946

>>19691439
BSV people act like this is some kind of news when literally everyone knows what thin clients are and 95% of people use electrum or similar. BSV people think ethereum doesn't have SPV when the state trie is an even more generalized version of SPV.

>> No.19692004

>>19690363
It's a bit more nuanced than that -- miners can enforce soft fork rules which full clients will still validate. Miners can maintain a 51% attack freezing the chain on the full-node network while still having their block headers propagated on the thin client network. So in this sense it is true that only miners matter, once things get really adversarial.

>> No.19692246

>>19691420
>>19691439
you just proved our point retarded nigger
how fucking dumb are you lmfao

>> No.19692476

>>19691420
spv verifies a transactions place in a block in theoretically trustless manner but only if the consensus is byzantine fault tolerant. which the cash forks are not being minority hash shitforks.

>> No.19692519

>>19692004
soft fork is not breaking the rules its fully backwards compatible
yes majority can be used for denial of service type attacks

>> No.19692573

>>19691946
yeah they act like its some holy grail lol when in fact its usefulness is very limited
good for lightweight mobile wallets altho there are privacy concerns

>> No.19692618

>>19691439
Are you so simple minded that's all it takes? Have you ever thought about privacy leaks of spv wallets? Or how they can easily be lied to? Bitcoin has been out for 12 years with the most intelligent minds discussing it, yet all you need to be convinced is a basic description in the white paper with no discussion of the downsides. For lots of users custodial wallets are actually better because at least your exchange is running a node and then you get the benefit of instant transfers. Spv is not some perfect solution

>> No.19692657

>>19692476
Spv is not trustless at all, you literally have to trust other nodes to tell you the truth

>> No.19692911

>>19692657
not on bitcoin no.
you verify the txis in said blick by the merkle tree that traces to the merkle root in the header.
you verify block is in the longest chain of pow by the headers only.
when the nakamoto consensus is working as designed this is enough.