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It's a view. But Nakamoto himself was the one who introduced checkpoints to bitcoin. There's an easy principle to this, imho. Accept accidental reorgs, but reject deep reorgs that are intended as an attack.

jimbocoin 🃏 2y ago

> “Nakamoto himself…”

Argument by authority is unpersuasive.

Proof-of-Work consensus by difficulty retargeting (aka Nakamoto consensus) works both in theory and in practice. Other forms of consensus devolve to politics, both in theory and in practice.

Checkpointing is bad for Bitcoin irrespective of who recommends it.

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Discussion

Melvin Carvalho 2y ago

You may be right, but I'm going with satoshi here, you've given no argument to say why satoshi was wrong

Heuristics show us that large reorgs dont happen by accident, they are attacks, so we should aim to remove that class of attacks

Bitcoin works in practice today because ~$15 of electricy protects every transaction. That protection will eventually decrease.

nobody 2y ago

👆this is written very well. Excellent and on point.

jimbocoin 🃏 2y ago

🙏