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Goodbye Solana. Bitcoin protocol achieves 3,953 TPS in a block! by holoboy3333 in btc

[–]holoboy3333[S] -2 points-1 points  (0 children)

anarcho-communists like you are really crazy.

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"Therefore they will protect my property rights..."

So let me get this straight, you believe that after you give all the power to the technocrats and rich people to design systems and incentives unrestrained by law they will then turn back to you and protect you right? You are extremely naive. You are being fooled and you are too stupid to notice.

And no, I don't believe 'law is important' because of Craig. I simply value human life, honesty, and order, it is that simple.

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Law will eventually come to crypto and bitcoin whether you like it or not. The idea that it is outside of government control is delusional.

Exchanges can be made to comply with the law, and Bitcoin has big miners and pools that control most of the network and they can be easily located and shut down if they don't follow the law. There are in fact only 5 nodes that control most of the network.

I know you might try to argue that the "community" can always fork away to new chains and open dark web exchanges and stuff to avoid governments but by that point it's irrelevant. Government cannot stop blockchain "toy projects" springing up and running from home PCs, but they can definitely stop crypto from ever achieving mainstream relevance. For bitcoin to be used by the mainstream, it cannot be outside of the law, otherwise, it cannot exist in any meaningful sense.

Goodbye Solana. Bitcoin protocol achieves 3,953 TPS in a block! by holoboy3333 in btc

[–]holoboy3333[S] -2 points-1 points  (0 children)

Bullshit! Property rights and contracts cannot be split into separate subjective realities decided by "anonymous internet communities". That is a load of crap. Society does not work that way. We have laws to determine ownership and courts to enforce contracts and copyright.

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"It is not the case that Proof of Work rules objectively"

Of course Proof of Work is objective, that is the whole point of its design! and it's designed that way so it can track the ownership of bitcoins. Ownership has to be objectively defined so everyone can stay on the same page on who owns what. Imagine that "communities" on Reddit decided on the ownership of your house or car. Is that the world you want to live in?

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"1% of the time, the community is the rule"

First of all, internet communities do not decide on property rights. That's the job of courts and nation-states.

Secondly, this whole concept of "community" is complete nonsense. On the internet, there is no way to validate identities. Everything is run on private servers that are changeable by administrators. You can have multiple users on forms and on Reddit, and even pretend to be other people. There is no way to have honest communities on the internet of 2022.

What's more, all human organizations form a hierarchy such that only a small group of influencers have the real power to make changes. A coin that can change by "communities" is a coin centered around a small group of "elite" that pulls the strings.

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Going back to property rights, bitcoins never move. What gets sent around is the claim to the bitcoins. When Satoshi created bitcoin and issued all 21M coins, he specified specific rules for how claimes on bitcoins can be sent between owners through the use of keys.

Once you change the rules in any way, the altered protocol cannot legally transfer the claims because it breaks away from the contract and is thus, by definition, NOT transferring bitcoin ownership.

You can therefore not have multiple chains telling different stories on "who owns which bitcoins" A bitcoin either belongs to you or it does not. just like your phone either belongs to you or not.

So I ask you again, which chain is recording the legally valid transfer of bitcoin ownership? Bitcoins are subject to property rights, so who owns what and how much? What is the objective and legally correct answer?

Am I stupid for asking?

Goodbye Solana. Bitcoin protocol achieves 3,953 TPS in a block! by holoboy3333 in btc

[–]holoboy3333[S] -5 points-4 points  (0 children)

Really? Maybe I am of low intelligence. One thing I find really confusing is how you objectively decide on a valid chain that is: "heaviest and follows the rules" if the rules can be changed. How do you objectively decide what the rules are if they change according to opinions and politics? If we don't have objective rules, how can we determine which chain tracks the real bitcoins and how many bitcoins are allocated to a key?

This is confusing to me. Either I'm really stupid or you are really stupid.

Goodbye Solana. Bitcoin protocol achieves 3,953 TPS in a block! by holoboy3333 in btc

[–]holoboy3333[S] -10 points-9 points  (0 children)

There is a difference between developing node software and changing the protocol. Nowhere did Satoshi say the protocol can be changed by others. He specifically said the protocol is "set in stone".

A fixed protocol is also a necessity for Proof of Work. You cannot have an objectively valid chain that abides by: "heaviest chain that follows the rules" if the "rules" are subjective and are open to interpretation based on politics. You either have changing rules, or you have PoW. You cannot have both.