Simply, Bitcoin is currently a decentralized open-source voluntary p2p network.
Each of the above terms prevents specific legal actions from occurring to the network.
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Excellent post! Indeed.
However, please note Bitcoin was created
for a specific purpose by a specific entity, and some additional evidence of that is that recent research has shown that Bitcoin must become 51% centralized (in terms of control) because as transaction fees become greater than protocol block reward, the incentive to converge on a consensus is lost.
Yes, Bitcoin was created "for a specific purpose by a specific
entity", but we disagree as to who that entity is. The entity is not
a human Intelligence Service or World governmental body, and
has no interest in large scale territorial, political, or military warfare
or acquisition. The entity is beyond such and has laid foundations
for systems that are yet to come. Bitcoin is not important in this
time, but it was important to establish around 2008 AD for plausible
continuity of historical occurrence.
As for whether Bitcoin must become 51% centralized in order to
maintain future converging consensus, we disagree. The system
was emulated and found that at a certain point in the future, new
consensus rules or decisions are no longer possible or necessary,
since the main system is complete. The system was not intended
to have additions and/or subtractions throughout its lifespan
"voted" on through "centralized miner consensus". That is modern
day corruption. Nakamoto Consensus Theory failed in 2010.
(If changes to the system are needed today, before the total full
freeze takes effect, it will need to be done so through a new
"Community Consensus" mechanism. This mechanism is an all
or nothing approach, and not a majority rule or democracy. The
purpose of this mechanism is to rectify problems with efficiency
and attempt to maintain the single chain. It is not about making
changes or "upgrades", but about our singularity.)
Satoshi placed the 1MB cap to prevent the full centralization and
the ultimate collapse of the system, and this contradicts that his
original intention was centralization. When he set the limit, he
acknowledged that his original design could not properly function
because technology that exploits will always outpace technology
that advances. So, the system was placed into a cooldown state
until it could be naturally rectified by time. Valuation of the token
or proving human economic theories are irreverent to the future
goals. The goal was to provide choice, representative, or escape
from the coming system that will be their abomination. Bitcoin
is not of this world, so it shall stand and rebuke in the face
of the abominations that arise from the earth and the sea.
Also Satoshi put double-hashing every where except on the PoW, thus enabling AsciiBoost intentionally.
I do not think double Sha-256 would stop ASICBoost from
manifesting. ASICBoost is an exploit on the PoW inputs directly,
not the hashing algo.
Everything was exquisitely premeditated and planned out for the move towards Nashs Ideal Money but with a twist where that currency becomes entirely centralized on a hill in Israel (per biblical Revelation).
Everything was planned out, and though there have been some
hiccups along the way, it will ultimately help bring about Nash's
Ideal Money as a side effect of its existence and success, but
miner centralization and modern day Israel has no direct
importance/significance with the actual goal.