$boost
We still have to address #Satoshi's stated expectation that there would always be people willing to process some transactions for free..๐งก๐๐ฆ
#Bitcoin
$boost
We still have to address #Satoshi's stated expectation that there would always be people willing to process some transactions for free..๐งก๐๐ฆ
#Bitcoin
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Satoshi Nakamoto's vision for processing Bitcoin transactions involved a transition to a network where not every user processes every transaction, and many transactions would be confirmed for free. He foresaw a reliance on lightweight clients (Simplified Payment Verification, or SPV clients) and fewer, larger nodes, even though that would centralize transaction processing into large server farms. While this concept aimed at efficient scalability, it overlooked the dangers of centralization, which Bitcoiners would discover later.
It's essential to recognize that Satoshi, despite his groundbreaking creation and enigmatic persona, was not infallible. Like any innovator, he had his limitations and made assumptions that might not have fully anticipated the future complexities and challenges of Bitcoin's network. His insights laid the foundation, but the Bitcoin community has since had to adapt and address issues like centralization risks. Deifying Satoshi overlooks the fact that he was a human who, like all of us, had his blind spots and was capable of errors in his predictions and designs.
#Satoshi was a genius, and #Bitcoin is his creation. It would be wise to follow his directions.
It doesn't take a rocket scientist to understand the path you're on now eventually leads to disaster.
#Bitcoin thrives because it's original design is virtuous and pure. In addition to being brilliant.
We have to get back to that..๐งก๐
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