How Bitcoin was created - the inventor and people involved
Fueng Lee
Feb 26, 2022
https://blog.bsvdata.com/how-bitcoin-was-created-the-inventor-and-people-involved/
"Prof Wrightson, when I talked to him, told me all about DigiCash. He is the reason that I took up a pseudonym. The Monetary Systems Engineering Research Group had a lot of resources. I read their patents and papers on transfer instruments, but more than anything else, I took away the problems that had occurred with DigiCash. I saw what had happened with ecash. I saw what had happened with e-gold."

Fully Peer-to-Peer
By Craig Wright
06 Jun 2019
https://craigwright.net/blog/law-regulation/fully-peer-to-peer/
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Apparently Russians are now rushing to take cash out coz of the SWIFT sanctions. They’re scared that they might lose access….
There are two and only two meaningful metrics in the digital cash or digital asset systems that are being promoted.
1.          Volume (TPS)
2.          Transaction fees

Volume is critically important. The number of transactions per second is the underlying volume of the base system, not so-called layers, as layers by definition is inside the base, and lightning is a separate protocol from bitcoin.

Without access to send hundreds of thousands and millions of transactions per second, not on so-called secondary systems but natively on the Blockchain, there is no purpose, and secondly, the fees will be high.

By volume, the only metric here is to scale into what will eventually become billions of transactions a second. Anything less is meaningless.

Next, the fees are in part related to the ability to directly scale on-chain without so-called boondoggle projects such as lightning and all the artificial limits that others apply.

Transaction fees are the only metric that will achieve success at the end of the day, and this comes only through volume on-chain.

If the fees cannot be kept under one-hundredth of a cent per transaction and ideally under a thousandth of a cent, the system has no point. Bitcoin is a micropayment system. So the so-called BTC and Ethereum boondoggle attempt at anything else will fail.

The only, and I mean only, the purpose of bitcoin is high-volume at low fees. So if anyone tells you that anything above a fraction of a cent is low fees, they are lying and attempting to deceive you.

Bitcoin is a micropayment system, first and foremost.

Bitcoin doesn't replace banks. Instead, Bitcoin enables the unbanked to be part of the digital economy because it creates the first digital cash system. This is what people fear!

I would like a lower fee... in time

But, not speculation.... use

Miners will make more than BTC x1000

CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX

https://t.me/CSW_Slack/4077
Forwarded from Mi RamonQuesada.com (@RamonQuesada 🌷)
Nota (Ramon Quesada)
a la primera reversión del 15 de agosto del 2010

En realidad este incidente no es que mostro la coordinación entre los mineros y desarrolladores, como se plantea en el articulo, sino la imposición de Satoshi como líder único del desarrollo del proyecto, para solucionar de forma centralizada este incidente técnico, y demostrando como solucionar lo sucedido en SU proyecto, en un momento muy temprano donde la mayoría de mineros no tenían a penas noción de lo que hacían, el principal minero era Satoshi con su inversión en hardware y software, no fue para nada una solución consensuada, ni votada. y a pesar de la reversión de la cadena durante las horas que duró, el resto de la información si se ha quedado de forma inmutable.

Conclusión; La cadena de bloques de Bitcoin SI ha sido revertida, pero toda la información de las transacciones, que no coinciden con estos dos acontecimientos puntuales, de un total de 14h 47 siguen siendo inmutables. (15 de agosto de 2010 8 horas : 27 minutos y 11 de marzo de 2013 6 horas : 20 minutos.)

La inmutabilidad de Bitcoin es un mito compartido: una breve historia de las reversiones de transacciones y las reversiones de cadenas.
Publicado el 10 de octubre de 2021
dennis weidner

https://es.ramonquesada.com/espanol-es/la-inmutabilidad-de-bitcoin-es-un-mito-compartido-dennis-weidner/
My vision towards (year) 2030 is simple.

More than 1 billion transactions per second.
Fees of under one 1,000th of a cent
A complex scripting language that allows developers to build anything!

Bitcoin does not bank the unbanked. It comes them digital cash. It doesn't give them home loans. It doesn't give them credit cards. Banks don't do cash. The poor don't need banks, they need digital cash with low fees.

I'm not interested in making bitcoin into a “censorship resistant platform”. That was never my vision for bitcoin and came about because of the electronic Frontier foundation. My vision for bitcoin is for a system that allows the normal people of the earth, the poor to send money. It is not a system that allows the rich to hide money.

BTC have created a system that allows for a monetary mixing. It allows oligarchs and crime lords to hide and move money and even this is not effective because of the tracing I built-in. But they are trying to change it. Bitcoin does not change. Bitcoin is set in stone.

The protocol I built will remain the protocol I built. In the year 2100, a transaction on bitcoin that you can create today will still be valid. This is not something that will occur on any other platform. BTC changes nearly weekly. Ethereum changes all the time. Bitcoin doesn't. Bitcoin won't. What bitcoin will do is scale and become cheaper.

I have no interest in people who speculate on bitcoin and care mostly about price. The only price I really care about is the transaction fee. And that is far too high. Right now, the transaction fee is tens to hundreds of times higher than it needs to be. That's going to change.

People keep telling me others will flood the network.
GOOD!

I want people to flood the network. I want everybody who can send any transaction to send it. This is why we have transaction fees. There is no such thing as spam on bitcoin. If you want to send any transaction, if you want to send one the Satoshi, it is your bloody right!

I will say this again. If you want to send one Satoshi… It is your right! It is not spam. There is no spam on bitcoin. I welcome people sending lots of stupid small transactions just because they can. That is the purpose of bitcoin. Don't like that, find something else I don't care. What I'm going to do is build a system that handles any volume.

Not to democratise finance. To open up digital cash to everyone no matter how poor they are.

If you want to build Ethereum and use bitcoin as the consensus mechanism, good I won't stop you. If you want to build a different system on top of bitcoin… One that uses high volumes of bitcoin transactions for nearly nothing… Good I won't stop you.

I'm not here to speculate. I'm not here to gamble on price. I'm here to do one thing.
Make it cheaper to send transactions

the reality here of course is that I wanted way earlier than that (2030)

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX

https://t.me/CSW_Slack/4091
Forwarded from Junction Bot