I never really bothered with all of this other than basic idea. what i know:
BTC has potential scaling issues
BTC is no decentralized due to miners
This may neve rbe fixed due to the nature of the team developing it.
BCH:
aimed to have bigger block sizes to fix those issues
BTC SV:
???
if you compare BTC to BTC SV what is SV fixing? does it prevent the mining cartels from ever taking it over or what? At this point its the only things that matters to me.
Other urls found in this thread:
It's a vehicle for CSW to live out a LARP
>BTC is no decentralized due to miners
>does it prevent the mining cartels from ever taking it over or what?
Read the whitepaper
Cliff notes. I will.
I dont have any of the backstory white paper will omit.
simple question:
Does BTC SV have mechanisms that ensure decentralization nthat BTC does not? or is SV trying to do something else
Craig's position essentially boils down to this:
"I am Satoshi, I have a wallet with 1 million BTC and if everyone doesn't get on board with Bitcoin SV then I will simply dump Bitcoin until it is worth nothing and you will be forced to get on board with Bitcoin SV anyway".
To answer your question about decentralization, he explicitly does not care about that. He basically says mining is a competition and decentralization is subsidizing losers. In other words, if he mines every block because he's rich, so be it. And if he gets every mining reward because of that, great.
He lastly doesn't care about ordinary users past ensuring that Bitcoin SV is "sound cash". His "plan forward" is to convince business to accept SV and the little guy will be convinced out of necessity.
imo, because I went through some of the available documents regarding the estate of David Kleiman v. Craig Wright, Craig, regardless of whether he is the best person to be called "Satoshi" probably has control of Saotshi's coins and will dump it all into SV if that's what he wants - which is what he says he will do. IMO, Kleiman and Craig probably created Bitcoin together but Kleiman died and Craig stole the coins.
No way he is satoshi if thats his stance on decentralization. Unless ofc, Satoshi was a team as many think.
well The fact he has "proved" he owns satoshis BTC in as many was as possible apart from actually doing the obvious bothers me about believing he can dump that much BTC.
I wanna buy some SV because i know it can potentially be a hedge,you never know.
The fact of the matter is decentralization is a meme. Anyone is allowed to mine and compete within the ecosystem, and the ecosystem rewards winners. It's decentralized enough and that's what matters.
Competition is not centralisation, it does not matter if one pool has over 51% of the hashpower, it's always more profitable for a miner to remain honest
Read the fucking whitepaper
How does chainlink fit into that meme? Seems like it may have a shot at decentralization