You've been scammed...
When Satoshi elimated "trusted central 3rd party" from money, he wasn't talking about self custody.
- he was talking about the base layer of money, and solving the Byzantine General's Problem.
- that is, if there are two transactions spending the same money (double spending), how do we know which is first (and valid), and which one gets rejected?
Normally for a digital money, a coordinator for the order of txs has always been needed, and Satoshi solved that and eliminated the central coordinator (using PoW, blocks, and a consensus algorithm).
How some people made this about p2p payments (ie no "evil" custodial banking or transaction networks) is unclear.
People who cry about the fact that all humans won't able to transact p2p on the base layer have been captured by this narrative and forgot what Bitcoin is for - to eliminate the scourge of central banking from humanity.
Central banking, not banking!
They accept risk of changing Bitcoin because they think it'll be a failure otherwise - forgetting the primary objective is going to be a success.
Sure, p2p transfer is by design in Bitcoin, but it's not going to be possible for every human.
That problem has never been solved - shitcoins that claim it's possible accepted a trade off (decentralisation), they didn't actually SOLVE it.
I don't support tinkering with Bitcoin to achieve secondary gains, risking the first priority.
This is why we should activate OP_GFY.
parman_the / Parman - Activate OP_GFY now!!
npub1lt…hk97y
2024-12-22 07:37:54
in reply to nevent1q…a8q9
Author Public Key
npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97yPublished at
2024-12-22 07:37:54Event JSON
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"content": "You've been scammed...\n\nWhen Satoshi elimated \"trusted central 3rd party\" from money, he wasn't talking about self custody.\n\n- he was talking about the base layer of money, and solving the Byzantine General's Problem.\n\n- that is, if there are two transactions spending the same money (double spending), how do we know which is first (and valid), and which one gets rejected?\n\nNormally for a digital money, a coordinator for the order of txs has always been needed, and Satoshi solved that and eliminated the central coordinator (using PoW, blocks, and a consensus algorithm).\n\nHow some people made this about p2p payments (ie no \"evil\" custodial banking or transaction networks) is unclear.\n\nPeople who cry about the fact that all humans won't able to transact p2p on the base layer have been captured by this narrative and forgot what Bitcoin is for - to eliminate the scourge of central banking from humanity.\n\nCentral banking, not banking!\n\nThey accept risk of changing Bitcoin because they think it'll be a failure otherwise - forgetting the primary objective is going to be a success.\n\nSure, p2p transfer is by design in Bitcoin, but it's not going to be possible for every human.\n\nThat problem has never been solved - shitcoins that claim it's possible accepted a trade off (decentralisation), they didn't actually SOLVE it.\n\nI don't support tinkering with Bitcoin to achieve secondary gains, risking the first priority.\n\nThis is why we should activate OP_GFY.",
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