Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ibian
on 19/02/2018, 22:20:40 UTC
Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree.

Bitcoin White paper, first paragraph, Abstract:

Quote
Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

Source: https://bitcoin.org/bitcoin.pdf

I don't get how can you disagree with the definition?
First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.

Edit from above:
Section 4. is even more explicit:
Quote
The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

If this isn't proof that using the word "Bitcoin" for anything other then BTC is a scam, I don't know what is.

It's not "gospel", it's definition. You can define other things yourself, but give Satoshi Nakamoto the right to define what Bitcion is.
I would bet that the majority of Core devs disagree with your definition, as would most users if push came to shove (if miners went a different direction from user needs) but hey, I'll try not to derail the thread for 2 nights in a row, so I'll quit this discussion.
It doesn't matter who disagrees. The inventor defines what his creation is. If other people change it, then it is something else.