Replying to Avatar mike

I am going to go against my better judgement and attempt to engage with you in what I hope will be a fruitful discussion.

I've already written an article about Bitcoin Cash, it is here:

https://habla.news/u/mhardcastle@nostrplebs.com/1733908437101

The part that discusses BCH starts at this paragraph:

"Roger’s case is also being used as a weapon of fear."

If you believe my analysis is wrong, I would be open to a genuine debate. If you want to sling slogans and meaningless rhetoric, I will not respond.

I suggest you spend time formulating a reply if you wish to win the intellectual argument.

My personality type is INTP, which means I do not have a hubris and do not hold onto bad ideas if there is a defined better option. You have a chance to change my mind.

I have read Rogers' book "Hijacking Bitcoin", he suffers from anger issues, which means it is nearly impossible to dissect valid argument from uncontrollable hatred.

Let me start by agreeing that Bitcoin base layer is unusable as a day to day currency and that L2 Lightning is a shit show.

However, centralisation of any form allows government or corporate control of any threat to fiat.

I also agree that Bitcoin mining is dangerously centralised due to the dominance of Bitmain and the 2 largest mining pools.

All that said, I still choose Bitcoin over Bitcoin cash as it is mostly decentralised, whereas BCH is mostly centralised.

Take as long as you like to respond. I will wait.

Satoshi Nakamoto’s early communications, including emails and forum posts, clearly articulated a vision for Bitcoin as a decentralized, P2P electronic cash system. Central to this vision were principles of user sovereignty, privacy, and resistance to censorship. However, as Bitcoin has evolved, and it has strayed significantly from these foundational ideals.

One of the most pressing issues is the centralization of mining power, which undermines Bitcoin's original intent. A handful of mining pools now control a substantial portion of the network's hash rate, raising concerns about the potential for censorship and manipulation and all if them are at the mercy of benevolent regulation.

This centralization not only threatens the security of the network but also compromises its ability to function as a truly censorship resistant currency. If a small number of entities can dictate which transactions are processed, the essence of what Satoshi envisioned a decentralized and open financial system becomes increasingly tenuous.

In Satoshi's early discussions, there was a clear intent to address scalability challenges, including the potential to increase the block size to accommodate more transactions on the base layer. Satoshi recognized that as Bitcoin gained popularity, the network would need to handle a growing volume of transactions without sacrificing its core principles. In emails and forum posts, Satoshi expressed a willingness to explore solutions that would allow for greater transaction throughput while maintaining decentralization.

One notable initiative that emerged during this period was P2Pool, a decentralized mining pool designed to allow miners to work together without relying on centralized entities. P2Pool aimed to enhance decentralization by enabling miners to contribute their hashing power while maintaining control over their individual contributions. However, despite its innovative approach, P2Pool development was largely abandoned around 12 years ago. The decision to set it aside by core developers and the broader community reflects a shift in focus toward other solutions, like lighting that instead bringing decentralization does the opposite.

The abandonment of P2Pool underscores a broader challenge within the Bitcoin ecosystem, the struggle to balance innovation with the community's evolving priorities. While alternative solutions have emerged, the centralization of mining power remains a critical issue that continues to threaten the foundational principles of Bitcoin.

It is essential to reflect on Satoshi's foundational principles and the lessons learned from initiatives like P2Pool. The centralization of mining power and the ongoing debates about scalability underscore the need for a renewed commitment to user sovereignty and decentralization.

All that i mention before has solution, but who knows why core devs and big names in the community are agaisnt this improvements and are in favor of centralized solutions like Lightning and eCash.

That's why in my vision i think bitcoin was hijacked.

I look forward to hearing your thoughts on this perspective.

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Discussion

I pretty much entirely agree with your points, in fact you are putting flesh to the points I had already conceded.

May I also suggest that you’ve used AI to generate your answer, AI is still early and the style of answer reflects an AI engine.

Your agreed points make no arguments beyond the ones I’ve given and no arguments supporting the “hijacking” of Bitcoin and no arguments in support of BCH.

Are you happy that we have consensus?

No i don't use AI to generate my response, i use it to translate from my native language so it be easier to me to make my points understandble, but as you wanna go by that side, it's the end of conversation to me.

Understood.

Thank you for interacting.

Have a nice day.

This is my favorite thread o day…so far🤔🌅🫡

I usually prefer the humorous posts of my retarded digital frenz (they know who they are ⭕️…I’m afraid to name them and leave the prez ( nostr:npub1v7k63c6y2vktlqhsuupywt3yc7ykursujc34at964f9cv9s9y9csjutfk0 ) out again…it rankles his little legal feathers🤔😂)…

This thread has made great points on both sides of this argument …I now feel more confused but less stupid🫡🌅

The main advocate for Bitcoin wasn’t mentioned and is still core and wins all other arguments

NGU 😂

👆tru this

What is the best way to translate languages? I paste into Google or Grok

i use duck.ai

Bitcoin is fucked. I'm out.

What a compelling argument, you’ve convinced me, I’m out too 😂

I don't like your face. I don't care what you do.

I know, it’s dreadful isn’t isn’t it 😂

At least I don’t have to look at it, I feel sorry for my F&F tho, they have to put up with this curmudgeonly view whenever they are talking to me.

Have a nice day pal 🫂

This conversation is a trifle unbalanced. I think you have a nice face Mike.

Thanks 🫂

I think so to, I’m just having fun on here.

Have a great weekend 💜

Yes, fuck you too.

I just went to see BCash mining stats. Looks like ViaBTC and Sbicrypto concentrate together the same % as Foundry and AntPool in BTC “core”.

Yes, hashrate concentration may be a big problem but BCash didn’t made any change on that specific problem.

miningpoolstats.stream/bitcoincash

I don't care about B-cash, i use Monero.

XMR is ok 👌I get some with my PC