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25226987 No.25226987 [Reply] [Original]

In Satoshi's whitepaper he called Bitcoin "Digital Cash" not "Digital Gold."

>> No.25227075

Satoshi is not some sacred Buda you dumb anon!
In fact Satoshi is just Adam Back, listen to what the guy says on twitter today.

>> No.25227711

>>25226987
Hush, don't wake the corecucks

>> No.25227754

>>25226987
Imagine if Roger Ver is actually the creator of bitcoin. That would be awkward.

>> No.25227808

No one cares about Satoshi.
They care about money.
That's like saying the guy who designed the fed's new printer is key to the economy.
Or the gold bar melter.

>> No.25228001
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25228001

>>25226987
> Peer-to-Peer network is one in which peers are equally privileged, equipotent participants in the network with equal peer nodes simultaneously functioning as both "clients" and "servers"
He also called it a Peer-to-Peer network. How in the hell is Bitcoin peer to peer today with miners needs millions in investment, equipment, infrastructure, etc.

>> No.25228294
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25228294

Satoshi is greg

>> No.25228821

>>25226987
*yawn* you are just the 50 thousandth moron who posted this here

>> No.25228855

>>25228001
cashies never read anything after the title... the stuff about how the network agrees on a ledger - how it determines what bitcoin is - their brain just blacks out if they try to read it...

>> No.25228945

>>25226987
Its almost as if the core guys are off the rails, huh

>> No.25228965

>>25226987
OMG!!! SATOSHI?!?
SATOSHI?!?? NO WAY!!! SATOSHI SAID THAT?!?!? SATOSHI THE SAT MASTER SAID THAT?!?!? THE SAT MAN SATOSHI SAN?!?!? SATTY?!?? THE KING OF STACKIN’ SEXY SATS SAID THAT?!?? NO WAY! FOR REAL SATOSHI?!?? SAT MAN?!?? SATORINO?!?? SATOSHI SAID THAT?!?

>> No.25229102

>>25228945
>The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
>Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.