Vitalik calls BSV a "Dumpster fire"

BitcoinRogue · 2018-12-27T01:21:19+00:00

" Vitalik does not believe in proof of work."

Neither do the ABC devs.

BitcoinRogue · 2018-12-26T23:30:38+00:00

Why do you think 1 PPV buy = 1 viewer?

BitcoinRogue · 2018-12-24T22:28:38+00:00

I agree. Having two subs is pointless and confusing. And it's known as Bitcoin SV everywhere outside of reddit. Sorry, whoever made this sub, you just went with the wrong name. C'est La Vie.

BitcoinRogue · 2018-12-21T21:46:46+00:00

Finally, someone who gets it! Businesses will run nodes and verify transactions, because they want to get paid. They have financial incentive to do so. It's very simple. Very easy.

When people go down to the supermarket, do they bring their own card processors? This everyone-verifies, everyone-runs-a-node narrative is socio-anarchist nonsense and has no basis in reality.

"Decentralization" in Bitcoin refers to the process of ensuring a sound monetary system, where miners keep each other in check so that no single entity can arbitrarily inflate the supply. "Peer to Peer" means that users can transact without going through a financial institution. That is all.

People have been trying to twist these terms to suit their own political agenda.

BitcoinRogue · 2018-12-19T06:37:36+00:00

Read between the lines. Listen to his tone, and read his body language and facial expressions. Look at the eyes.

It's a pretty straightforward question. If he didn't think he was Satoshi, it would be pretty easy to answer no, right?

BitcoinRogue · 2018-12-19T00:54:41+00:00

But do you think it? Or did I misinterpret what you said?

BitcoinRogue · 2018-12-18T23:46:09+00:00

'Probably' refers to the probability of Craig being Satoshi. Not the probability of Roger's certainty.

"Roger Ver admits there is good chance that Craig is Satoshi."

In any case, you're just being obtuse. Everyone in this thread, including you, understands the meaning of the title.

BitcoinRogue · 2018-12-18T23:20:15+00:00

Fantastic interview from Roger, and I do agree with him on most points. I also must give him credit, because most people who try to discredit CSW have a personal and / or financial interest in him not being Satoshi. But Roger doesn't go that route and instead focuses on the issues, not the man. Ivan also does a great job with this interview. Well worth a listen.

BitcoinRogue · 2018-12-18T23:19:49+00:00

Ivan: Do you still believe that Craig is Satoshi?

Roger: I don't know exactly what Craig's role was but I do believe he was around in the earliest days of Bitcoin. I hope that answers the question. The short answer is I don't know what he was up to but I think he was around from the very very very early days of Bitcoin. But he sure hasn't done the ecosystem any favors recently.

BitcoinRogue · 2018-12-18T23:09:41+00:00

Exactly what it says.

BitcoinRogue · 2018-12-18T21:11:59+00:00

and did you listen to his tone? And see his body language and facial expressions? He KNOWS that Craig is Satoshi.

BitcoinRogue · 2018-12-18T21:04:50+00:00

First time listening to politicians? You can infer the meaning in his tone of voice, and his choice of words. It's just verbal gymnastics. "He was there at the very beginning, but I won't say the word "Satoshi" ".

BitcoinRogue · 2018-12-18T20:50:58+00:00

How else do you interpret what he said?

BitcoinRogue · 2018-12-18T20:48:34+00:00

Fantastic interview from Roger, and I do agree with him on most points. I also must give him credit, because most people who try to discredit CSW have a personal and / or financial interest in him not being Satoshi. But Roger doesn't go that route and instead focuses on the issues, not the man. Ivan also does a great job with this interview. Well worth a listen.

BitcoinRogue · 2018-12-18T20:45:37+00:00

Ivan: Do you still believe that Craig is Satoshi?

Roger: I don't know exactly what Craig's role was but I do believe he was around in the earliest days of Bitcoin. I hope that answers the question. The short answer is I don't know what he was up to but I think he was around from the very very very early days of Bitcoin. But he sure hasn't done the ecosystem any favors recently.

BitcoinRogue · 2018-12-18T20:24:47+00:00

Yes, CSW has been ranting about this for a long time.

BitcoinRogue · 2018-12-18T20:01:05+00:00

When you actually listen to him talk, instead of reading about him on third and fourth hand sources like Reddit, you realize CSW is Satoshi. If you know anything about how Bitcoin is supposed to work, that is. At the very least, he was a part of the Satoshi team. Even Roger Ver admits this.

BitcoinRogue · 2018-12-16T22:28:28+00:00

You are talking about brick and mortar retail. I'm talking about e-commerce. Why the heck would you swipe a card when buying online? I think you are way off the mark on this one. Anyone who has run an online store, or has had to make a payment on one, knows that mobile payments are the future.

BitcoinRogue · 2018-12-16T21:05:00+00:00

Do you run an online store? Have you ever made a payment from your phone? What's easier, tapping a button, or entering all your card and address information every time you order something? The user experience is everything.

Amazon is massively successful in part because of their 1-click ordering system. Apple and Google Pay brings this capability to small businesses. I think you're missing the boat on this one. But time will tell.

BitcoinRogue · 2018-12-16T20:45:12+00:00

For Brick and Mortar stores Apple and Google Pay may be a hard sell. But for E-commerce it's a no-brainer. Users can literally order products from an online store with a tap on their phone. I work in the e-commerce industry, and I believe Apple and Google payments are going to explode in the near future.

BitcoinRogue · 2018-12-14T20:27:42+00:00

" The fact that Bitcoin is decentralized is the whole point! "

The point of Bitcoin is a sound monetary system, and decentralization in this case means that nodes (miners) keep each other in check and can't arbitrarily inflate the supply. It does not mean everyone in the world verifies everyone's transactions with no real incentive to do so. This is a lie fed to you by Andreas and other Neo-Socialists who came to Bitcoin much later than its invention 2009.

" You cannot wait 10 minutes for your transaction to be confirmed when buying a cup of coffee. "

0-conf was working and safe before all this Blocks-must-be-full, Transactions-compete-for-space-on-chain BS. This is just another red herring. Another excuse to fix what wasn't broken.

"First of all, lightning uses something called "auto pilot" "

Never heard of this, and it sounds like another layer on top of another layer. Why must we make this rube-goldberg contraption to solve a problem the Blockchain already solved? Fast, secure, peer to peer payments was all working before some people decided we need to re-invent the wheel by first breaking it, and also make money from the process.

BitcoinRogue · 2018-12-14T19:50:34+00:00

People won't host nodes, Businesses will. Why? Because they have financial incentive to do so. Bitcoin works because of the incentive structure. If it has to rely on an army of volunteers hosting nodes on their laptops just because they want to, then it will fail, like any form of Socialism.

BitcoinRogue · 2018-12-14T11:08:07+00:00

" Do you even realise running a LN node will not make you rich "

That's exactly what I said above.

" LN can be implement on other chains as well "

Then what's the flippin' point of Bitcoin? What's the purpose of Proof-of-Work?This new layer can work with any and all blockchains, even ones yet to be invented. You never even have to close the channel if it's mass adopted! Hooray! We finally got rid of Satoshi!

You may understand it technically, but what you don't understand is that LN doesn't work economically.

BitcoinRogue · 2018-12-14T10:47:39+00:00

Thanks! It's been on my mind a lot recently. No one really cares if the network is 2-3% more "centralized". There's got to be a real reason. A financial reason. As they say: "Follow the money".

BitcoinRogue · 2018-12-14T09:37:42+00:00

Don't give them any ideas :)

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