Bitcoin is a discovery, I posted this opinion of me on Reddit, 8 years ago:
You see, Satoshi Nakamoto did not “invent” the solutions to the distributed consensus problem. No, he *discovered* it. Distributed consensus is a math problem (aka Byzantine Generals' Problem) , and Satoshi found a solution and very likely the only solution. Pythagoras discovered the a2+b2=c2 properties of a rectangular triangle, and the properties are perpetual, independent of the discovery of those by Pythogoras.
…
I do not want to do Satoshi short, but I think it is the same with the Nakamoto Consensus, the Bitcoin way consensus is reached in a distributed open (anyone can connect, without permission) network of nodes.
….
The stroke of genius was to link 3 things in 1 proces: the validation of transactions, the reward by coinage of new coins in a lottery-like scheme and the costs of participating (solving an energy consuming puzzle), making attacks too expensive to undertake fraudulent activities.
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It takes the stroke of genius to discover something fundamental at true academic level. Smart ass geeks can develop new technology but Bitcoin is not about technology, it is about a fundamental solution to a long standing math problem.
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The search for a useful 'blockchain technology' will go on and will prove to be in vain. Meanwhile Bitcoin, which offers value transfer on the protocol level on the Internet, will march on and grow and grow.
https://www.reddit.com/r/Bitcoin/s/EPAlVYEEy1
henq
npub183…2a9av
2025-05-03 23:38:35
in reply to nevent1q…er0y
Author Public Key
npub1832ll2l2vswqh36tqfsu30jhvdjn3wz27zm366ujd7srlfptzekqt2a9avSeen on
wss://relay.damus.ioPublished at
2025-05-03 23:38:35Event JSON
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"content": "Bitcoin is a discovery, I posted this opinion of me on Reddit, 8 years ago: \n\nYou see, Satoshi Nakamoto did not “invent” the solutions to the distributed consensus problem. No, he *discovered* it. Distributed consensus is a math problem (aka Byzantine Generals' Problem) , and Satoshi found a solution and very likely the only solution. Pythagoras discovered the a2+b2=c2 properties of a rectangular triangle, and the properties are perpetual, independent of the discovery of those by Pythogoras. \n…\nI do not want to do Satoshi short, but I think it is the same with the Nakamoto Consensus, the Bitcoin way consensus is reached in a distributed open (anyone can connect, without permission) network of nodes.\n….\nThe stroke of genius was to link 3 things in 1 proces: the validation of transactions, the reward by coinage of new coins in a lottery-like scheme and the costs of participating (solving an energy consuming puzzle), making attacks too expensive to undertake fraudulent activities.\n….\nIt takes the stroke of genius to discover something fundamental at true academic level. Smart ass geeks can develop new technology but Bitcoin is not about technology, it is about a fundamental solution to a long standing math problem. \n…\nThe search for a useful 'blockchain technology' will go on and will prove to be in vain. Meanwhile Bitcoin, which offers value transfer on the protocol level on the Internet, will march on and grow and grow.\n\n\n\nhttps://www.reddit.com/r/Bitcoin/s/EPAlVYEEy1",
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