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    Author Topic: what is the "real" bitcoin, "Satoshi vision",...  (Read 733 times)

    • southafricadude
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    June 13, 2019, 06:50:56 AM
     #41
    BitcoinSV or BSV is just another one of many altcoins out there.

    Bitcoin is bitcoin, bitcoinSV is bitcoinSV, they are two different things. Different code, different blockchain, different miners, different rules.
    It might be an instance of some of the original bitcoin code, but that does not mean it IS bitcoin, its just started as another instance of some of the original code.

    BSV is completely centralized in its coding, its management (by someone who appears to be mentally ill), by its hashing power, and soon to be by its nodes too. Nobody is using it, and there is no reason to use it when bitcoin is already there.

    Dont waste your time on it, stick to the real deal.
    Website:Bitcoin South Africa - Twitter: @bitcoinzar - Facebook: @bitcoinzar

  • ttcsalam
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    June 13, 2019, 10:20:10 AM
     #42
    Quote from: Red-Apple on May 25, 2019, 01:07:53 PM
    you have probably heard these terms before, but what is the "real" bitcoin?
    Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin.
    so lets review two of these principles:

    A decentralized network based on majority's decision using proof of work
    in other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System.
    as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.



    Irreversible transactions and immutable blockcahin
    this is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack.
    but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin".

    This topic is okay but there is a doubt about the example. If you think about it, it will be properly understood which one is correct.I think they came with a good purpose.
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  • BitHodler
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    June 13, 2019, 11:01:23 PM
     #43
    Quote from: southafricadude on June 13, 2019, 06:50:56 AM
    BSV is completely centralized in its coding, its management (by someone who appears to be mentally ill), by its hashing power, and soon to be by its nodes too. Nobody is using it, and there is no reason to use it when bitcoin is already there.
    BSV nodes are centralized too, they always have been. Craig is what BSV is built around, and this shows with how the supporters of BSV ask others what they do in the BSV camp if they don't like Craig himself.

    All these silly BSV supporters are doing is show how centralized and mentally retarded their whole ecosystem is. They support Craig and not necessarily BSV, which means that they will follow him even if he supports something else.

    The same applies to Bcash. It's just Roger and Jihan with one main developer being Amaury Sechet. These guys can fork and re-org as many times as they want and whenever they want....
    BSV is not the real Bcash. Bcash is the real Bcash.

  • cipherhut
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    June 14, 2019, 07:22:10 AM
     #44
    Satoshi's vision was vast which is hidden behind the bushes of the show-off world. The real Satoshi's vision behind inventing Bitcoin and its underlying technology called blockchain that he thought so far in the era when even technology was also young.

  • maianh09
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    June 14, 2019, 07:30:41 AM
     #45
    I think Satoshi created Bitcoin because he wanted to change the form of human payment. Satoshi can see the disadvantages that FIAT brings, so he created Bitcoin in the hope that it brings better things. Governments are controlling people because they reserve FIAT. To change this, Satoshi created Bitcoin.

  • D3m1r4wanti
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    June 14, 2019, 11:35:59 AM
     #46
    Quote from: maianh09 on June 14, 2019, 07:30:41 AM
    I think Satoshi created Bitcoin because he wanted to change the form of human payment. Satoshi can see the disadvantages that FIAT brings, so he created Bitcoin in the hope that it brings better things. Governments are controlling people because they reserve FIAT. To change this, Satoshi created Bitcoin.
    Satoshi's very advanced thinking turned out to have a good impact for many people, including me, the creation of bitcoin greatly changed the paradigm of many people about the payment system.

  • TheUltraElite
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    June 18, 2019, 02:44:38 PM
     #47
    Quote from: cipherhut on June 14, 2019, 07:22:10 AM
    Satoshi's vision was vast which is hidden behind the bushes of the show-off world. The real Satoshi's vision behind inventing Bitcoin and its underlying technology called blockchain that he thought so far in the era when even technology was also young.
    This topic is not talking about that. We know that satoshi has proposed that and this topic tells about the scammers trying to impersonate satoshi and trying to get people to buy their own shitcoin.

    Quote from: D3m1r4wanti on June 14, 2019, 11:35:59 AM
    Satoshi's very advanced thinking turned out to have a good impact for many people, including me, the creation of bitcoin greatly changed the paradigm of many people about the payment system.
    I wont say that it changed the payment system but it brought in a new type of a payment system or in a broad sense, a new monetary system. Of course some people are envious of that and they want to get a piece of it for themselves. So they try the darker methods of making money that is this whitecollar crime and imposing themselves as true creators of bitcoin thus misleading people.
     
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