/biz/ - Business & Finance

>>13788780

Yeah, except he's actually qualified to be Satoshi and knows more about BitCoin than everyone else. Even the bitcoin wiki changed the article on double hashing because craig explained the real reason, not their bullshit guess and they knew he was right

https://medium.com/@craig_10243/the-puzzle-of-the-double-hash-968196edb06d

A complete change of the financial system would require the ability to scale to over 100,000
TPS and a block size of the order of 10 to 12 GB for each 10-minute period. We can increase the
block size at Moore’s Law for a single host node and this could be achieved slightly faster by
creating specialized systems, which would enable us to revert to following exponential Moore’s Law.
Traffic that incorporates the Internet of Things and the proposed growth rate of what could become
trillions of devices needs to scale further to be effective. This would require the incorporation of two
aspects. First, we would need to investigate the time taken to distribute block sizes as large as those
proposed above. Second, we would need to consider the time taken to process the transactions within
this block size. A miner can reduce the necessity of validating all information they receive prior to
starting to analyze and solve the block puzzle if they are able to rely on the information they have
received. A market for information can be provided where a miner can reduce their infrastructure
cost by specializing in the solution of the hash puzzle and allowing for a separate infrastructure
dedicated to the validation of information contained within the block. This distribution function leads
to a scenario where the miner specializes in the solution of a hash problem associated with previously
validated information. The merchant node not only assumes the role of validating the system to
ensure that the signatures are correct and that the hash function is effective but also provides it to the
miner in a timelier manner.

>>11556357

>>11556364

Just watch the video

>>10921854
Our work is far from over, and most of you don't know anything of what I've done. In the coming months, we will be publishing a series of papers documenting the research we have been conducting. There is a reason we have been building supercomputers and hasn't been bitcoin mining. Going forward, it is important that we create the world where people can live their lives as they choose as long as they don't impact on the rights of others.

This involves ensuring that we have the right to save and control our futures without fearing predation. The right to a future without loss caused by the theft of others. The right to live silently if we so choose. The right to invest and make a better world and not be held in contempt for that.

The results of this research is what Bitcoin and the Blockchain are about. A free system to transfer and maintain property.