Bitcoin: A Peer-to-Peer Electronic Cash System
9 Pages
Posted: 22 Aug 2019
Dr Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School; University of London, Birkbeck College, School of Social Sciences, History and Philosophy, Politics, Students; Harvard university

Date Written: August 21, 2008

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3440802

Me hace gracia cuando veo a alguien descuartizando Bitcoin, para coger lo que más le interesa y obviando el resto, es decir del título del White Paper lo cojo todo, pero dejo fuera la palabra "sistema", como si no tuviera ningún significado

Bitcoin: A Peer-to-Peer Electronic Cash System

Es como quitarle una pieza a un reloj, pero queremos que nos de la hora con exactitud

Sistema, significa que va en conjunto con otras piezas y todas interconectadas hacen que funcione el sistema en su conjunto

Contrary to the claims made by BTC Core memebers, I have never stopped people from accessing or reading the Bitcoin White Paper. It has been publicly available to read since I first distributed it in 2008.
11:17 AM · Jan 6, 2024
https://x.com/Dr_CSWright/status/1743577575513801119?s=20

What I do take offence to is the misuse of my publication by people seeking to use my paper in SEO driving search to their site to promote pump and dump schemes, systems that have nothing to do with Bitcoin, or to falsely misrepresent Bitcoin as BTC now do.

If people actually read my paper, they would see that it is not merely the longest chain. HONEST Nodes do not accept payments and process transactions that do not follow the original protocol. This distinction that is being dropped from the description of how bitcoin works is critical.


"...Nodes are not going to accept an invalid transaction as payment, and honest nodes will never accept a block containing them...."
https://t.me/BitcoinWP/404


Moreover, the purpose of bitcoin, the primary function is stated in the introduction. It is not digital gold. It is not ascending large payments but avoiding tax.

Bitcoin is primarily a micro payment transaction system

1. Introduction
"...The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, ..."
https://t.me/BitcoinWP/394

he other purpose is to provide a timestamp server.
3. Timestamp Server
https://t.me/BitcoinWP/396

The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions.

Ones with fees under 0.001 USD

11:17 AM · Jan 6, 2024
https://x.com/Dr_CSWright/status/1743577585273999763?s=20

Contrariamente a las afirmaciones hechas por los miembros de BTC Core, nunca he impedido que las personas accedan o lean el Libro Blanco de Bitcoin. Ha estado disponible públicamente para su lectura desde que lo distribuí por primera vez en 2008.
11:17 · 6 de enero de 2024
https://x.com/Dr_CSWright/status/1743577575513801119?s=20

Lo que sí me ofende es el uso indebido de mi publicación por parte de personas que buscan utilizar mi artículo en SEO para impulsar las búsquedas en su sitio para promover esquemas Ponzi y especulativos, sistemas que no tienen nada que ver con Bitcoin, o para tergiversar ahora Bitcoin como BTC.

Si la gente realmente leyera mi artículo, vería que no es simplemente la cadena más larga. es la cadena HONESTA, "los nodos HONESTOS no aceptan pagos ni procesan transacciones, que no sigan el protocolo original". Esta distinción, que se está eliminando de la descripción de cómo funciona Bitcoin, es fundamental.


"...Los nodos no aceptarán una transacción no válida como pago, y los nodos honestos nunca aceptarán un bloque que las contenga..."
https://t.me/BitcoinWP/404


Además, el propósito de bitcoin, la función principal, se indica en la introducción. No es oro digital. No se trata de aumentar grandes pagos sino de eludir impuestos.

Bitcoin es principalmente un sistema de transacciones de micropagos.

1. Introducción
"...El costo de la mediación aumenta los costos de transacción, limitando el tamaño mínimo práctico de transacción y eliminando la posibilidad de pequeñas transacciones casuales, ..."
https://t.me/BitcoinWP/394

El otro propósito es proporcionar un servidor de marca de tiempo.
3. Servidor de marca de tiempo
https://t.me/BitcoinWP/396

El costo de la mediación aumenta los costos de transacción, limitando el tamaño mínimo práctico de transacción y eliminando la posibilidad de pequeñas transacciones casuales.

Aquellos con tarifas inferiores a 0,001 USD

11:17 · 6 de enero de 2024
https://x.com/Dr_CSWright/status/1743577585273999763?s=20

The user ‎@ruidasilvamusic failed to resolve the captcha. The "user" was kicked out.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution.

Yet, this is not how BTC operates.

Nodes and not users, IP to IP is not IP to Pool.

The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions...

Are £30 to £50 fees suitable for "Small Casual Transactions"...???

Or, has BTC created a system where the increases in transaction costs limit the minimum practical transaction size???

CSW
Jan 13, 2024
https://twitter.com/Dr_CSWright/status/1746154637277663740?t=M2xhNfQR2gqrS49G8B-2lQ&s=19

How Bitcoin Was Hijacked: The Hidden Shift From Satoshi's Vision
45 minutes
BSV Search
17 ene 2024

https://youtube.com/watch?si=AL31wonrP6Cfo3sM&v=MBbIM5lNi_o&feature=youtu.be

🎥 In This Video:
00:00 Introduction to Bitcoin's Journey
02:30 Title Page — How Bitcoin was Hijacked: The Hidden Shift from Satoshi's Vision
02:42 Satoshi Launches Bitcoin, 2008-09
04:04 Wikileaks, 2011
04:53 Why Satoshi Left Bitcoin In 2010
07:06 The Bitcoin Core Developers Take-Over Bitcoin Source Code And Binaries
09:07 The Campaign For Anonimity And Small Blocks Begins, 2013-15

09:10 John Dilon and Peter Todd limiting to 1 Mb the block
2013 Promoted Video: "Why 1mb block keep free and decentralized Bitcoin"

11:00 the narrative: "Larges blocks means miners would have more regulations and less anonimity"

15: 00 SegWit

16:06 The Narrative That Bitcoin Is Not For Small Transactions Begins, 2013

18:41 John Dilon and The Corruptibility Of Bitcoin Developers

20:15 RBF Replace by fees

23:45 Conflict Of Interest In BTC Magnified John Dilon give $500 to Peter Todd for RBF changes

25:22 - 2014 Blockstream

26:00 the tickers symbols and forks

26:40 BTC without opcodes can't do Smart Contracts

28:00 Jeffrey Epstein and donations to MIT

30:00 TheterA and DCG Digital Currency Group

32:22 2014 Blockstream Blocks The Stream

34:40 Craig Wright (Satoshi Nakamoto) Saves Bitcoin and it is named Bitcoin SV

37:45 Copa: The Hijackers of Bitcoin, and Passing Off BTC as Bitcoin

38:57 Conclusion: What do you believe and want Bitcoin to be?
42:15 BSV Tips and End Messages

Craig S Wright
29 abr. 2019 a la(s) 10:33
In the Bitcoin Whitepaper - it is stated that:

"While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. "

This comment is not anti-bank. This is the trust based payment model to the merchant - the one that makes payment require ID and more - see Amazon) and allows a wide mapping of the user to the payment. This section of the whitepaper is aimed at the merchant and concerns the need for a merchant to trust the user. It's not distrusting banks, but the merchant cannot trust a user where credit cards and more allow for reversals. Take gaming, and web content (eg porn). In each case, the user wants fast access (not to wait 60 days and link to an ID).

The anarchist fools have this completely upside down.

If you are a user, then a non-escrow transaction on bitcoin still requires trust. For instance, if you are buying goods, and you pay upfront you do not know about the quality or even if the user will receive these from the merchant. Consequently, we get around trust issues for the user using scripts and the ability to escrow or lock transactions.

This commentary in the paper relates to a merchant or seller of goods. It is not the occupy version of don't trust the banks or merchants and evil capitalists, rather it is exactly the opposite is the merchant selling goods or services or access to a page online that cannot trust the source of funds that is presented to them.

As an example, if you're using a credit card the user can pay for something such as access to a pornographic site, and five minutes later call up and say my credit card has been taken. So in a scenario where Alice pays Bob and Bob as the merchant, it is Bob who has trust issues and not Alice

Craig S Wright
29 abr. 2019 a la(s) 10:33
https://metanet-icu.slack.com/archives/C5131HKFX/p1556526806046200