S Tominaga (Aka Dr Craig Wright) @CsTominaga The features i…
S Tominaga (Aka Dr Craig Wright)
@CsTominaga
The features implemented by the BSV Association—such as Network Access Rules (NAR), the Alert System (AS), and Digital Asset Recovery (DAR)—are not mere enhancements; they are the functional realisation of what Bitcoin was always meant to be, as explicitly outlined in the original Bitcoin White Paper.
The White Paper describes a system where "verification is reliable as long as honest nodes control the network" but acknowledges vulnerabilities when the network is overpowered by malicious actors.
To mitigate this, it provides a mechanism where alerts from honest nodes inform users of invalid blocks, prompting verification through full block downloads. The reimplementation of the Alert System directly fulfils this vision, providing a robust framework for nodes to detect and broadcast anomalies, ensuring the network’s self-correcting nature and the integrity of transactions.
The Network Access Rules formalise the relationship between nodes and the network, embedding the principles of transparency, lawful operation, and accountability. This structure isn’t a new addition but an exact embodiment of the White Paper’s recommendation for businesses to run nodes for "more independent security and quicker verification." It provides the necessary framework to maintain an honest network where every participant adheres to the same immutable rules.
Digital Asset Recovery (DAR) seamlessly integrates with the original protocol's design to align with existing legal frameworks for property protection. The White Paper envisions Bitcoin as a system capable of supporting legitimate commerce, and DAR ensures that lost or stolen assets can be recovered in a lawful manner, respecting the property rights Bitcoin was built to protect. Ownership.
These implementations do not diverge from the original Bitcoin protocol; they are its exact operationalisation. They ensure the network functions as Satoshi envisioned—a secure, transparent, and reliable global system designed to meet both technological and legal standards.
9:19 PM · Nov 15, 2024
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Replies
1
Well i think the question that i have been pondering has been answered.
That question was "is origional Bitcoin vastly more efficient than the best biggest data centres on earth."
2
So recently i have done some very limited research on Bitcoin mining hardware and software speciffically.
Not infrustructure, systems, rules , marketing, law, incentives, psychology etc.
And in one case , apparently large data centres are not compatible with Bitcoin mining.
I find this very difficult to impossible to believe.
But the source is solid.
So an earlier hypothesis outlined the potential for idle ai, etc data centres to switch there compute power to Bitcoin mining.
This is extremely basic for those versed in this field, but the layman who focuses on primary sources may have less knowledge, but the knowledge that the layman aquires through these primary sources should contain vastly less errors than a lax approach to primary source discernment.
3
So that is shocking and bad news for me.
But the very very good news is bitcoin can process more transactions per sec, and as Charles Moore says, low power, low power low power, efficiency , efficiency efficiency.
And the best i have been able to come up with to begin with relating to this topic is its not the transactions count on its own that is relevent.
Its how much can a bitcoin data center charge per transaction and still make a profit and how many transactions per second they can process
5
Correctionn im almost certain Charles Moore
didnt say efficiency. He specifically said poewr as in low power.
And this is where it gets interesting .
Low power does not exist in a vaccuum within bitcoin hardware.
This distinction is critical crucial.
We are talking the power consumption analysis of two competing systems as a two individual wholees to do exactly the same tasks, but big but, how many people are aware of the origional bitcoin system to even formulate a comparison of fair ones.
This just a initial brainstorming session on this topic. May contain errors.
6
and then it just gets more complicated and more complicated and more complicated.
But also my initial brainstorm is flawed, its not just the same tasks, the compounding effect of nomerous benifits to many very varied aspects of life, financial and non financial. Impossible to explain.
This is a bottleneck in human ability to comprehend in a sitting
On an unrelated topic an observation of mine
about Treechat. As one who lives by a strict rule of not accepting any type of gifts whatsovever from anyone in the non treechat world.
Treechat is forceing me to figure out how to cope with cash mamagement, given to me but the interesting thing is on treechat its not just cash.
Yeah this is something i have not even to begun to contemplate as now i am moving to a very tightening of my handleing of bitcoins.
But as soon as they come to me from here they will be going out just as quick to someone on here.
Just saying, i appreciate the gesture and am not trying to increase my treechat balance whatsoever.
A troll online said keep talking we are coming for you.
Guess what .im a talkshow host now and talking is my bread and butter now.
So these neanderthal wanabee gangsters can ####### beep ******** beeep××××××× beeep
####### beeep ************** beep ######
Im going to teach them the science of gangsterism.
https://open.substack.com/pub/singulargrit/p/quantum-computing-is-a-multi-hundred?utm_source=share&utm_medium=android&r=54n20e