Each of you claim to understand bitcoin's White Paper. You claim expertise in the system I created. You claim that I'm a fraud because I say something contrary to what you promote. Yet, you are promoting a system that is modified vs bitcoin
You falsely claim to believe in a system that decentralises power and does not have intermediaries and yet act to control the network and to introduce a system such as the lightning network that creates a series of intermediaries
You actively deceive people into believing that their home node is not merely a Sybil designed to give you power and control over the fate of BTC and all who use it.
You drive people away from my paper so that they don't read it and listen to your lies and deceptions.
Yet, I called out your lies before I even launched bitcoin in 2009.
Home nodes have no say in the network and make no difference whether they exist or not.
It is defined in the whitepaper that they do not have any power to determine anything and may be easily subverted.
These nodes use the most deceptive aspects of BTC to be controlled despite the will and desire of their owners. That is a soft fork.
The soft fork is a means for the people controlling the code in BTC who will tell you that they have no control though they sign off everything personally, that your node makes a difference.
7,200 of the 11,000 public nodes are controlled by three entities.
Three!
Read
I warned you all.
Before I left to work privately, I had already warned you and did not need to give you this lesson. I told you in my paper to watch out for this type of deception and subversion.
One primary aspect of Wesylan belief comes from stewardship. This is reflected in the covenant prayer.
We need to trust people to learn and grow and not need to be covered by a nanny state. The underlying foundation of bitcoin is based on this principle and structure.
Bitcoin is a system that promotes stewardship. Therefore, the design was structured to minimise developers' interaction and fix the protocol allowing for the development of new systems within script.
The idea of permissionless development has been promoted throughout the Cryptocurrency world. Yet, nobody seems to bother to define the term. For a system such as bitcoin to be permissionless requires that developers and others cannot change the protocol.
So @peterktodd,
Would you like yo tell people you plans to add inflation to BTC? After all, you understand what is going to happen in 2024... 2028?
So few BTC left for miners seeing as I created a system to wean miners (nodes) off the subsidy and no real level of fees.
Remember how I stated that high volume is essential for the system to survive?
Well that also applies to copies of my software that are passing off as Bitcoin with changed rules... like #BTC.
Want yo say how Lightning does not work if the fees become too large?
Or @peterktodd how the Lightning network essentially becomes a separate payment network without BTC? Where a few large intermediaries (trusted third parties) control everyone's money with no miners to enforce?
This should not be too difficult. If you verify a transaction, but nobody knows that you have verified a transaction, you have not created any form of consensus.
In bitcoin, the validation of a block requires not only all the transactions to be integrated into that block after being validated but that the miners produce 100 other blocks.
The process in bitcoin isn’t a single block being created. Instead, the system integrates blocks to a depth of 100 subsequent blocks.
The narrative behind #bitcoin has been twisted by greedy parasitical people.
Bitcoin promised a low-cost digital cash system that could offer micro payments and far more.
Yet, what people promote in #BTC is a system where you are told you can get rich quick off other's work.
There is nothing in bitcoin about a promise to send millions instantly or a promise to take down governments. There is nothing about holding something and having others work to make you rich.
If that is what you want, too bad. It's not why I created a system of traceable money.
If you just want a get rich quick scheme, go away - I have no interest in you.
I never promised anything about taking down governments. Bitcoin's designed to deliver millions of transactions a second at a fraction of a cent. It's a system that allows people to trade globally
Cui bono?
Let's discuss the source and meta data of the so-called "ATO transcripts".
These were sourced by Ira Kleiman. The meta data on the ATO transcript is nineteen months late. What none of the firms like KPMG discuss is that these documents are altered.
Who benefits?
What was discovered in the course of the Florida trial was that the 2015 media alert and my exposure came from two people.
Unfortunately, I did a terrible time hiding who I was and being autistic thought that I was supersmart and completely secret.
From the evidence bundle in the Florida trial you will find that wired and Gizmodo were talking with one of the hundreds of pseudonyms run by Ira as well as a few run by our bearded friend.
I’ll start this by stating that it is not intended if I seem aggressive at times. I am autistic, so sometimes, I come across as socially unacceptable because I push too hard on ideas that I find important.
So, let’s go back to the real issue. In the whitepaper, I made a definite statement:
“If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs.”
Let’s explore that statement in light of the “full node” argument. In asking questions, it is clear that nobody understands in the BTC crowd or will admit to not understanding the problem when you have “full nodes” as a measurement.