Quote from: Peter R on November 14, 2017, 02:23:26 AM

Quote from: AZwarel on November 14, 2017, 01:39:39 AM

Bitcoin gains it's value by proven exclusion of any third party intervention in a value exchange network between peers.
This is achieved in "The original vision" by that both the sender and receiver peer can independently get a proof by running a full node that there is no double spending on a transaction between them. No need for a trusted third party can be only achieved by this independent verification process, which needs the physically possible minimum technical requirements for running a full node for the most participants. A large block size excludes most peers doing this, essentially destroying the very core of bitcoin's value.

There was nothing about how the cost of transactions (fees) would be "fair" in the white paper; the costs of doing transactions in a voluntary, opt-in value exchange network is entirely upon the peers do decide between themselves.

You are basically saying that the free market is not working to establish the subjective valuation of the actors to reach a price of transacting. You think you can "spend their money better than they do".
That is the problem, not the vaporware you shill.

With simplified payment verification technology (Section 8 of white paper), users can be their own banks, verify their own transactions, and send payments to anyone, trustlessly and without a middleman. Users do not need to run network nodes.

Here are slides from a talk I gave this summer explaining how this brilliant technique created by Satoshi works:

https://www.slideshare.net/peter_r/scaling-bitcoin-to-a-billion-users?qid=3e0b7061-f29b-4a6c-bc5b-ee6b59fffe49&v=&b=&from_search=1

Satoshi's design is massively scalable.

If users do not run nodes, who does? I mean.. non users run the nodes?? Is this an Orwelian newspeak?
I think we have a different definition of what a node is and does in a network, but that happens.

And no, i will never trust anything that begins with "simplified" in that sense. That is a code word for "do not worry, we have your back, somewhere, you do not need to know, relax".
I must be able to see EVERYTHING since the Genesis block. That is the ONLY 100% guarantee not to be screwed over by "simplified technology". You can not simplify an information state below itself (you can not express '1' with anything shorter than itself).

edit: btw, you have not addressed my argument about free market of fees, or that what if users want to run nodes - not because they have to/need to, but because that is bitcoin's value proposition but prohibited by gigabyte blocks. You have just recited slogans "be your own bank! - even though you can not run a server farm yourself, but, meh it sounded good!"