Craig Wright = Satoshi
Daily Reminder
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>Dr. Wright and David Kleiman entered into a 50/50 partnership to develop Bitcoin intellectual property and to mine bitcoin
>DONE AND ORDERED in Chambers this 27th day of August, 2019, at West Palm Beach in the Southern District of Florida.
>signed -BRUCE REINHART UNITED STATES MAGISTRATE JUDGE
>inb4 (((blockstream))) shills imply I'm a street shitter
Question: Why is the 3rd one from the team of Satoshi never named (it's not Le Roux...)?
1. I don't think cryin' Craig is Satoshi, but I guess it's possible he could be
2. Even if he is Satoshi, BSV is a worthless shitcoin and large block sizes are retarded
>large block sizes are retarded
Why for?
>Miners kindly provide security for the chain
>Miners are incentivized by block rewards
so far so good
>A few halvenings pass
>Block rewards go down
>Miners now incentivized mostly by transaction fees
EITHER
>small block size --> lower blockspace supply --> higher blockspace price --> miners incentivized to keep mining
OR
>large block size --> higher blockspace supply --> many transactions will pay out just 1 sat to miners --> miners have little incentive to mine --> chain becomes insecure
>large block size --> higher blockspace supply --> many transactions will pay out just 1 sat to miners --> miners have little incentive to mine --> chain becomes insecure
Except that if one million people do at least one transaction per day (bus ticket, coffee, sign a document ) its a 1 bitcoin just in fees at 1 sat /bite
lightning network is meant to kill bitcoin
yes but no, it's meant to launder money.