Unfortunately it is a true statement that it is impossible for someone to argue with a person who is incapable of comprehending.
@dinofelis, you should be smart enough to understand what I already wrote. You have repeated your argument, which I already refuted. It doesn't matter how many times you repeat an incorrect logic.
I see no benefit of repeating my argument. You are capable of re-reading and thinking until you get it.
I will quote what Satoshi wrote to @bytemaster (Daniel Larimer):
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
Besides, 10 minutes is too long to verify that payment is good. It needs to be as fast as swiping a credit card is today.
See the snack machine thread, I outline how a payment processor could verify payments well enough, actually really well (much lower fraud rate than credit cards), in something like 10 seconds or less.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.Folks, I can see @dinofelis undergoing cognitive dissonance due to the shock of not wanting to admit that Satoshi was really a genius. It changes his whole interpretation of everything, so it is very impossible for him to accept it immediately. Give it some time for it to sink in and he will slowly realize or become more obstinate and dig in irrational heels
as Jorge Stolfi hath done.
Edit: I decided to throw him a couple more hints:
The 160 bit hash security is USELESS if the 128 bit ECC is not secure.
Incorrect. And I already explained why.
I'm perfectly aware that ECC has a higher chance of being broken than a hash function. I'm not believing in quantum computers, though.
Whether your disbelief of the likelihood is correct or not, Satoshi had a fiduciary and marketing obligation to design as if many people do want such prudence.