Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
oblox
on 22/04/2018, 20:48:56 UTC
Quote from: infofront on April 22, 2018, 07:11:32 PM
Quote from: oblox on April 22, 2018, 03:58:07 PM
Quote from: BobLawblaw on April 22, 2018, 03:34:06 PM
Quote from: jbreher on April 22, 2018, 03:06:40 PM
Quote from: BobLawblaw on April 22, 2018, 09:38:57 AM
No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.
Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.






Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.