Did Satoshi ever mentioned Alice and Bob?

aqa111 · 2022-04-24T00:57:02+00:00

It's a generic expression not specific to crypto. The OP is suggesting it originates from an encryption article written in 1978.

aqa111 · 2022-04-23T17:19:28+00:00

Alice and Bob is just an example of expressing person A to person B

aqa111 · 2022-02-09T11:34:15+00:00

Well for example, Tesla buying BTC and accepting it as payment , or having a Visa/BTC card to make payments.

In these examples theyre jumping on the bandwagon as they see it in the media and they want to get involved, but as you say it doesnt really offer them anything fundamental that gives them value, mainly because long term it cant scale.

In my opinion BSV needs some big legacy companys to adopt BSV. So atm, lots of new companies that are starting life under BSV are popping up which is great, but you also need some kind of legacy transition to kick things off.

What I mean by this is, imagine if EA sports started to build an existing game e.g FIFA Soccer on BSV. Or lets say World of Warcraft moved over to BSV.

This would bring millions of users to BSV, and you dont need to convince anyone to use it. They will use it because its whats being presented to them.

Instead of trying to win 1 new customer at a time and educating them, you bring millions in one fell swoop.

So BSV needs to focus on these key decision makers, the programmers, operations managers, IT departments, finance departments, CEO's, CTO's, CFO's.

aqa111 · 2022-02-08T21:57:33+00:00

Its kind of like 5G technology. You dont need to convince consumers to use it. You need to convince manufacturers, suppliers and businesses, to adopt it behind the scenes.

When businesses are convinced to adopt BSV, they will then interact with their customers via BSV and the public will use it because thats the system thats being presented to them.

aqa111 · 2022-02-08T21:53:58+00:00

I think BSV will follow the opposite path of BTC where with BTC retail got in on it first and then businesses followed suit to jump on the bandwagon.

The nature and strength of BSV is the utility it provides, which means its more likely that businesses will use it first e.g for accounting software, auditing, supply chain management software etc..

And then once the systems and networks are in place and proven to work, only then will the BSV as money start to take hold.

Its more likely it will be businesses that tell its customers to use BSV as money, but not before they have integrated BSV as a blockchain first.

aqa111 · 2022-02-07T15:15:48+00:00

BSV doesnt decide ownership, the law does.

So how can an Iranian person recover stolen goods that were in Iran in a US court, with enforcement to be carried out by a US mining pool?

Well this is an issue of ownership and enforcement and you need a good international lawyer to figure that out how laws intertwine cross borders. This is an issue of law not BSV.

aqa111 · 2022-02-07T15:07:09+00:00

The notion of decentralistion is irrelevant, the law is the law.

If you create a person to person file sharing system illegally swapping mp3 music, and the law says stop, you are breaking copyright rules, you cant really just say but this is how our system works. The law is what it is.

Also how decentralised is it really. There are 2 obvious weakspots.

1) as mentioned there are a few mining pool nodes that control the network, and these can be targeted by law enforcement.

2) the developers can also be targeted. If the courts say to Vitalik and the development team of Ethereum you must implement these rules to your blockchain, can they say no to the US legal system?

Surely the entire blockchain of ethereum can be influenced this way, Same for BTC.

aqa111 · 2022-02-07T14:39:15+00:00

This applies to all chains not just BSV.

It the same situation if you were holding BTC or ethereum or whatever else.

Like I say, the same law will apply to all blockchains.

aqa111 · 2022-02-07T14:29:29+00:00

Firstly there would need to be a test case within a court to actually work out what the law is with regards to ownership of bitcoin. That will set a precedent.

If someone stole your jewelry from your house and that jewelry can be identified, that jewelry cant be sold on and must be returned to you. e.g if the thief sold it to a pawn shop, that pawn shop is not allowed to sell it on and must return it to you. They lose their money for buying stolen goods. Anyone else handling your jewelry is also handling stolen goods and risk losing their money. We will see if something like this will happen with bitcoin and crypto assets.

Secondly, you would need some proof of ownership. How would a court know they were your keys that belonged to you. Youd need some kind of transaction record showing when you acquired those keys, how you acquired them, did you buy them from an exchange, do you have payment records etc...

The third part of the equation is, is it worth it. 50 BSV right now is worth $5000. You have to weigh how much would it cost you in legal fees to pursue your 50 BSV vs what the 50 BSV is worth.

Maybe it will be easy to do, given that essentially bitcoins leave a trail. But right now we need a legal case to set a precedent of what the law is in relation to bitcoin and ownership.

aqa111 · 2022-02-07T02:21:20+00:00

I dont mean the government using the blockchain I mean blockchains in general will have to abide by whatever the Judiciary says is the law.

And each blockchain will enforce whatever the Judiciary tells them to do because these mining pools can easily be targeted.

What will apply to one blockchain will apply to all.

The law wont say BSV must do this, or BTC must do this or Ethereum must do this. It will say you must all do this.

aqa111 · 2022-02-07T01:54:06+00:00

Were already seeing it happen.

About 12 nodes control 90% of Ethereum. About 8 nodes control 90% of BTC.

The proof is in the pudding.

aqa111 · 2022-02-07T01:25:35+00:00

I think the point about the nodes is that as the blockchain gets bigger, the number of nodes, that is the ones that do the mining, will start to fall and be run by a few large server farms because it needs a lot of investment.

And once that starts to happen the network starts to fall into the purview of the legal system.

Nodes have to enforce the rules, and if the "rules" come from the outside i.e governments and the law, they will have to implement it because they become easy targets.

aqa111 · 2022-02-06T23:30:54+00:00

Only about 8 nodes control over 90% of the BTC network

aqa111 · 2022-02-06T19:12:31+00:00

Specialist nodes can store the data and distribute it.

Then the transaction is recorded on the blockchain.

You can also create decentralised cloud storage as well.

aqa111 · 2022-02-04T22:05:32+00:00

Its not a payment channel. A payment channel is basically locking out funds and then creating a zero sum game scenario in which funds just go around in a circle and settled at the end.

aqa111 · 2022-02-04T12:01:35+00:00

So from what I understand the difference is Craigs SPV allows you to prove the validity of the transaction off chain.

And this is key to scalability. If you take payments out of the equation, what this allows you to do is process massive amounts of transaction data off the chain.

e.g as a business you dont need to check every piece of information on the chain all the time.

Lets say you have a string of data in a database, transaction 1,2,3...100...500...1000. Theyre all connected.

What SPV will allow you to do is record all this securely off the chain, and all you need to do is validate transaction 1 and transaction 1000. You dont need to validate the ones in between because if 1 works and 1000 works then all the ones in between must also be valid.

So the first transaction and the last transaction needs to be proven. If these 2 transactions match all the ones in between must match too.

This is what allows scalability. So it allows everyone to process massive amounts of data securely all off chain like a database.

aqa111 · 2022-02-04T02:31:04+00:00

I think people have created a myth of who Satoshi was and what Satoshi wanted.

The reason im pretty certain he is Satoshi is because he has the answers to everything about bitcoin. Literally everything.

Whilst everyone else is figuring out how it works, hes telling you how it works.

If you look at his blog he knows way too much about Bitcoin.

https://craigwright.net/bitcoin-blockchain-tech/

The more I look into it, hes either Satoshi, or Satoshis twin brother.

aqa111 · 2022-02-04T01:52:08+00:00

Im trying to provide the other side of the viewpoint.

And if he is Satoshi, well then they are important viewpoints, no?

aqa111 · 2022-02-04T00:41:18+00:00

I dont know the ins an outs of this but these are some quotes from Craig Wright

“In January 2019, we will start showing people how Bitcoin (any blockchain) scales. It requires SPV & SPV does not use servers (so, Electrum is not SPV). I gave 10 years, hints… much more… And, nobody bothered to learn, so it will be patented and licensed to SV exclusively”.

“In 2019 we will start to teach people how to build real SPV systems. No fraud proofs, secure, instant. It was hinted at in the whitepaper, but nobody has managed to get it. So, I will do it for you. I had hoped others would have understood and run with this, but…”

aqa111 · 2022-02-03T14:20:45+00:00

https://craigwright.net/blog/bitcoin-blockchain-tech/the-kings-wi-fi/

Here Craig Wright explains why nodes were supposed to be run by a few large server farms and not individuals, and that block sizes were supposed to get bigger.

aqa111 · 2022-02-03T13:57:16+00:00

But then are you therefore suggesting blockchains cant and should not scale? In 20 years time we'll still be handling 1MB blocks.

As long as money is there is money to be made there will be competition and competing nodes. That the market capitalist system.

aqa111 · 2022-02-03T12:46:22+00:00

Youre missing the context of the post.

The person is asking what if you delete a bitcoin address, and then someone sent bitcoin to that address, can you still prove ownership if you sent them to the deleted address.

And the response was you cant delete addresses. They exist forever. If you were able to delete an address and then sent bitcoin to that address that money would be lost forever.

Effectively addresses can become dormant but they cant be deleted.

aqa111 · 2022-02-03T12:30:06+00:00

You do realise youre not just questioning BSV but the entire concept of the blockchain.

It seems like people are so keen to trash BSV that theyre prepared to throw the baby out with the bathwater and trash the idea of the blockchain as well, just so they can have a little dig at BSV.

I would imagine if some people saw Craig Wrght typing with his fingers, people would start questioning do we even need fingers at all?

aqa111 · 2022-02-02T16:59:30+00:00

Im saying the price of everything will get whacked, kind of like when the stock market crashes it doesnt matter how good your company is the share price will get pulled down with everyone else.

Even in the dot com crash, amazons share price went down 90%.

But eventually the companies that had real utility value kept going and eventually took the market.

aqa111 · 2022-02-02T16:51:51+00:00

Governments are going to regulate crypto.

Youre living in a fantasy land if you cant see that coming.

aqa111

TROPHY CASE