Replying to Avatar Lysander Spooner

Or a cash transaction or service swap, for example. These are properly termed Cryptoeconomics precisely because there's no ledger. Blockchain, the brilliance, takes the choice of ledger out of the hands of the transacting parties alone, and centralizes the record of every transaction in the same ledger.

Through a mind-fuck word association game, the shadowy originators of Bitcoin have you guys talking in Doublespeak about a massively centralized public ledger, centralized at the data layer and merely distributed over an ad-hoc CDN, not decentralized at the data layer like Nostr, and 180 degrees from private / actual cryptoeconomics.

You can't solve the Generals problem without centralizing something. Blockchains don't solve it without doing so, they just chose to centralize the most dangerous part to actual free trade -- the ledger.
Avatar
Secretary Janet Yellen 2y ago

Go ahead and identity my #Bitcoin transactions.

"Blockchain, the brilliance, takes the choice of ledger out of the hands of the transacting parties alone, and centralizes the record of every transaction in the same ledger" - Centralizes the record on thousands of ledgers. Yeah that's what decentralized means.

"Through a mind-fuck word association game, the shadowy originators of Bitcoin have you guys talking in Doublespeak about a massively centralized public ledger, centralized at the data layer and merely distributed over an ad-hoc CDN, not decentralized at the data layer like Nostr, and 180 degrees from private / actual cryptoeconomics" - the public ledger is on thousands of nodes = decentralized. Are you OK?

"Blockchains don't solve it without doing so, they just chose to centralize the most dangerous part to actual free trade -- the ledger" - Again, how is the #Bitcoin ledger centralized, if it's on thousands of nodes, distributed around the world? Who is the central authority? Lol

Reply to this note

Please Login to reply.

Discussion

Avatar
Lysander Spooner 2y ago

You said it yourself: "distributed around the world". The same data on hundreds or thousands of nodes is how every centralized database works in modern era.

Thousands of nodes hosting the same database = centralized and distributed. That describes the data layer of Facebook or Twitter or Bitcoin.

It doesnt even make sense to speak of " a" decentralized database or ledger in the singular. If its decentralized, its a plurality of databases or ledgers, none of which have all the data or constantly sync up to the same authoritative global state.

Avatar
Bryan 2y ago

An agreed upon time-chain, with rules and not rulers, is a desired feature.

Do you run a Facebook or Twitter server at home? Do you have access to their database? Do you get to have a say in the rules of those social networks?

The answer to all is “no,” because you are not allowed to have a vote in those networks.

An agreed upon time-chain subject to agreed upon code is a benefit, not a weakness.

Nodes can be operated behind TOR if you choose. Coins can be mixed, atomic swaps on LN. What am I missing?

Who owns the following coins?

892d95c094b0b55a5f44f132d9dda50db5e75dff651398ec26af5ab37ef034d0

Avatar
Lysander Spooner 2y ago

I can't host a node for Facebook or Twitter because its a private CDN, not because its a centralized database. Gawsh.

Bitcoin's singular database is distributed over an ad-hoc public CDN, thats the actual only difference. Oh, and it determines which singular state is authoritative through consensus rather than admin. Is the White House decentralized because its populated through consensus? Lol.

Bitcoin has a singular, public, centralized, grand unified ledger widely distributed over an ad-hoc public CDN (content distribution network, not content decentralization network lol).

Nostr should show everyone who didn't already know what actual decentralized ledgers (always plural and different if really decentralized) mean.

Avatar
Bryan 2y ago

Well troll demon, let us appreciate NOSTR together. 🫂

Avatar
Secretary Janet Yellen 2y ago

Private database = centralized database. Gawsh.

#Bitcoin has a grand unified ledger because I don't like my savings to just disappear due to no node holding my info. Who would believe me that I own 10 million coins, written on my own ledger if no other ledger has info about it.

Are you for real??

To call the ledger centralized, PROVIDE information about the central authority that can change the details anytime they wish. Again, YOU WON'T.

Avatar
Secretary Janet Yellen 2y ago

I see, you call air or water centralized too because they all are just the same atoms, right?

Now go ahead and show me the centralized authority that can write into the database in my node. Show me the central authority that can spend my bitcoins, noted on that ledger. YOU WON'T.

As well as you can't identify my #Bitcoin transactions. Just pain words of old man, nobody cares about. We both know why. Because you just talk without any proof. Are you running twitter or facebook server at home, clown?

Keep fighting for the fiat system and supporting the government while attacking the #freedom money with your nonsense.