Post
Topic
Board Bitcoin Discussion
Re: John Nash created bitcoin
by
iamnotback
on 10/04/2017, 18:10:53 UTC
Quote from: iamnotback
Besides the shadow elite are apt to love the altcoin I will launch, because they will see it as yet another speculation that falls under Bitcoin's umbrella.

Why would they love a currency that is designed to be truly decentralized? Please be more specific on that.

Because they don't think anything can be. They will view it as another speculation or if necessary something they can capture when needed.

My favorite quote in the broader context is a comment made by Vitalik long time ago:

Quote
Bitcoin "solves" the problems behind Byzantine fault tolerance, quorum systems, etc by completely ignoring the past 30 years of research on the topic, and introducing a very simple construction that bypasses all of the issues entirely by using the concept of proof of work. Don't get me wrong, Bitcoin is a brilliant idea, but it's the sort of brilliant idea which is actually more likely to come to you if you were NOT bogged down by existing research on how to do things. Satoshi's primary gift was not deep knowledge, it was a fresh perspective.

That describes John Nash.