Post
Topic
Board Development & Technical Discussion
Re: My Segwit questions - a Q&A for Achow and the rest
by
nullius
on 14/12/2017, 07:09:14 UTC
P.S.:

The original bitcoin was plain and simple - there are blocks, there are transactions in the blocks, that's it. Now there is SegWit and looks like no one understands what does it mean. If all TX info is still in blocks, what was the point of segwit if transactions are still there. If the TX information is outside of the blocks from now on where is the rest?

"You are dumb and don't understand and it's okay" is not an answer - it means that you have no idea what's actually going on.

Valle, since the “original bitcoin was plain and simple”, why don’t you write me an “ELI5” on the mathematics of the SHA-256 hash’s “avalanche effect”, and explain why that’s always been so important to Bitcoin’s network security.  That’s much harder to understand than Segwit.  Or if you can’t understand it, does that mean that Adam Back had “no idea what’s actually going on” when he invented HashCash?  And Satoshi was just stumbling blindly when he repurposed the HashCash concept to create a Byzantine fault-tolerant decentralized database?  Oh, puh-leaze tell me that you know what the Byzantine Generals Problem is!  “The original bitcoin was plain and simple”, right?

Bitcoin was never simple.  The fact that you say it was means that you, personally, never had any idea what was actually going on.

P.P.S., Satoshi was a genius.  The shame is that more oft than not, his great opus is as pearls before swine.