/biz/ - Business & Finance

>>23583703

>>22543569
Adam Back is real Satoji

>>22490679
great thread, thx for the infographics

So here's the real crypto bluepill:

Craig Wright is unironically not Satoshi, the real Satoshi Nakamoto always wanted small blocks and segwit, "Peer to peer electronic cash" was simply a purposeful mistranslation of the Japanese. Blockstream - funded by Bilderberg group - saved Bitcoin by refusing to raise the 1mb block cap, preventing the blockchain from becoming cripplingly large. If they had not done this the blockchain could be as large as 500gb today meaning that Bitcoin node operators would have to upgrade from 500gb hard drives and pay for more storage space, ultimately leading to financial ruin and the death of the network.

Bitcoin as a store of value was just the first step, Blockstream is releasing the full version of the Lightning Network in 18 months, this will lead to a revolution in digital gold and decentralisation by routing all payments through Lightning banking nodes off-chain, this is why Blockstream is so intent to lower the block size to 300kb to incentivise adoption.

Back to hash power, as the price and adoption of BTC increases the blocksize will be gradually reduced to 0kb, closing off the blockchain completely, this will move all transactions onto Layer 2 (Layer 3 and 4 are also in development). With all transactions off-chain the greedy miners will have all their power removed and we will never see another hardfork ever again like the hard forking of 'Bitcoin Cash' and later 'Bitcoin SV' by the fraud Craig Wright (they have their own competing blockchain in the works), this will render the BTC protocol completely free from big blocker influence under the tight but decentralised fist of Blockstream.

Craig Wright is unironically not Satoshi, the real Satoshi Nakamoto always wanted small blocks and segwit, "Peer to peer electronic cash" was simply a purposeful mistranslation of the Japanese. Blockstream - funded by Bilderberg group - saved Bitcoin by refusing to raise the 1mb block cap, preventing the blockchain from becoming cripplingly large. If they had not done this the blockchain could be as large as 500gb today meaning that Bitcoin node operators would have to upgrade from 500gb hard drives and pay for more storage space, ultimately leading to financial ruin and the death of the network.

Bitcoin as a store of value was just the first step, Blockstream is releasing the full version of the Lightning Network in 18 months, this will lead to a revolution in digital gold and decentralisation by routing all payments through Lightning banking nodes off-chain, this is why Blockstream is so intent to lower the block size to 300kb to incentivise adoption.

Back to hash power, as the price and adoption of BTC increases the blocksize will be gradually reduced to 0kb, closing off the blockchain completely, this will move all transactions onto Layer 2 (Layer 3 and 4 are also in development). With all transactions off-chain the greedy miners will have all their power removed and we will never see another hardfork ever again like the hard forking of 'Bitcoin Cash' and later 'Bitcoin SV' by the fraud Craig Wright (they have their own competing blockchain in the works), this will render the BTC protocol completely free from big blocker influence under the tight but decentralised fist of Blockstream.

“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.” – Satoshi Nakamoto (April 2009)