Originally published on Yours.org on May 10, 2018.
38 of #100DaysofSatoshiDoodles
A couple of things:
Firstly, …I noticed there has been a great deal of confusion around the word “consensus” in Bitcoin discussions. Some people (Bitcoin Core proponents) insist that we need “community consensus” for changing rules like the 1 MB transaction limit. Others who prefer to follow the proof-of-work consensus mechanism described in Satoshi Nakamoto’s whitepaper, forked off, and are carrying on with Bitcoin Cash.
12. Conclusion
We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power. The network is robust in its unstructured simplicity. Nodes work all at once with little coordination. They do not need to be identified, since messages are not routed to any particular place and only need to be delivered on a best effort basis. Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.
Secondly,…
Who is in charge of Bitcoin Cash?
Hint: It’s not Roger (although Roger Ver is the CEO of Bitcoin.com).
Here is an “Official Statement” (dated November 12, 2017) from a self-proclaimed CEO of Bitcoin Cash, Rick Falkvinge, who also share his thoughts on his “We Are All Satoshi” YouTube channel.
The above letter is the exact thing that convinced me that it would be a good idea to become another Satoshi, in the form of “Satoshi Doodles”. I greatly appreciate Rick’s seven social principles for the social dis-organization that is Bitcoin Cash:
- WE ASSUME GOOD FAITH.
- WE REWARD THE POSITIVE.
- WE ACT WITH DIGNITY.
- WE TRUST EACH OTHER TO FAIL WELL.
- WE DO NOT ASK PERMISSION.
- THE NETWORK IS MOTHER, THE NETWORK IS FATHER.
- WE HAVE FUN, BECAUSE IT ATTRACTS MORE PEOPLE.
(last point bolded by me, for extra oomph)
What do you think? Are you a CEO, too?
Green or orange? (joking – don’t answer that)