Post
Topic
Board Legal
Re: Why hasn't any government stopped Bitcoin?
by
Hyperme.sh
on 06/10/2017, 03:57:03 UTC
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.

For some reason I need to re-explain that double-hashing can mean employing two different hash functions as Satoshi did for example for public addresses. I had already explained this to @dinofelis in the context of an in depth analysis of Satoshi’s design of Bitcoin and also a blog about the future global reserve currency.

AsicBoost is an exploit on the internal stages of the SHA-256 hash function. Some of the computational work does not need to be repeated for successive hashing. Employing two different hash function algorithms chained, would eliminate AsicBoost. Satoshi knew this obviously (because his attention to detail in every other area about critical importance of hashing exemplifies that he would) and he chose to enable AsicBoost which enables centralization of Bitcoin mining.

(Note I will be editing this post to add rebuttals to your other comments. Obviously you’re regurgitating Trilema’s incomplete understanding or those who incorrectly idolize John Nash’s theory of Ideal Money)

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.

The 1MB cap does nothing to solve the centralization problem. Here is a portion of the blog post I am in the process of writing which refutes you. <<--- IMPORTANT

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.

Afaics, you’ve been hoodwinked by the Zionists. If you really want to understand, then you must go watch the videos.

Have you actually watched all the expert videos I linked to, which presents much more cogent case than what I had studied about it several years ago. Those investigations are so thorough now, so as to be undeniable by anyone who puts in the time to actually digest the information.

[…]

If you understand who created Bitcoin and why they created it (to bring about the world government by destroying the exclusive jurisdiction of the nation-states over money per John Nash’s Ideal Money concept but with a twist where they designed it purposely to become entirely centralized in their control), then you understand crypto is only going to become what Mossad (Satan) wants it to become.

The law is the domain of the Great Harlot. Come out of her. Render to Caesar the things that are Caesar’s, and to God the things that are God’s. I’m working on something that might possibly offer a way out, but realize that Satan’s control is widespread. We are not supposed to expect salvation here on earth.

I will not try to dominate the discussion. Carry on. Each person is offered their free will, to make their own choices.

Disclaimer: IANAL. This is not legal advice nor advice of any form. This is my n00b+kook opinion only.

Edit: the Steemit link with the videos appears to be currently offline. Here is an alternative link to the videos.




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To start with, it is not an exploit (i.e., in the crypto sense) but rather a simple algorithmic property of SHA256.

Irrelevant. Satoshi was not limiting himself to the reliance on the standard cryptographic requirements for a cryptographic hash function. He was clearly analysing the complex ways that hash functions could fail in different scenarios.

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Second, there is no way to know who would have patented it first. Third, the patents are not valid in all jurisdictions, and indeed

Irrelevant.

The centralization is due to the fact that not everyone can use it at the same cost due to patents. It is quite clear that TPTB could use it without paying patent royalties. The stealth quality interacts with the patent aspect in that there's no way to know who is using it now or has been using it in the past. Thus those who have access at the highest levels can get it patent-free, but everyone else can’t. Analogous to we pay taxes, but the elite don‘t.

There are only two 14nm ASIC fabs in the world. You can safely assume TPTB and banksters control them (via proxy).

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I mean, all industries are rife with patented technologies, but that does not ensure monopolies in all of society. I suppose its possible, but I am unconvinced.

In most industries there is not a surreptitious way that avoiding a patent can benefit an elite power in such a way that it provides the sufficient advantage to winner-take-all the spoils.

Your points do not refute my logic. Satoshi was very much thinking in exquisite detail about the way the internal stages of hash functions interact as evident by the combination of RIPE and SHA. If you had followed the links to all the past discussion with @dinofelis, that more detailed analysis is there.

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Incidentally, I did acknowledge that it renders additional cash to the patent holder.

That is not what I pointed out in my rebuttal. Please read again.

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I just see that advantage as lost in the noise when compared to differential power rates or other operational efficiencies.

For the powerful who have access to the best of everything, it is then a matter of few percent who amongst them winner-take-alls because of recycling the disproportionate profits into more fixed capital investment. We’re analysing a power-struggle at the highest echelons such as a nation-state versus Zionists.