Post
Topic
Board Bitcoin Discussion
Re: What is the right and fair way to stop Mike Hearn?
by
augustocroppo
on 26/01/2014, 16:34:38 UTC
Bro, do you even ... solve the Byzantine Generals problem?

Quote from: Satoshi
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.


 Cheesy

Bro, you are misinterpreting the holly scripture. The almighty Satoshi is speaking about a specific functionality of the Bitcoin software. He is not speaking about the unconditional trust that is necessary to operate any P2P network. Do you even understand the difference, bro? There is not necessary trust between two parties to validate a transaction, but there is necessary trust from all parties to form the network. You are ignoring the fact that elimination of a central authority to validate the transaction do not translate in a complete elimination of trust to operate the network. The only trust eliminated is the trust in a third party to validate a specific transaction, not the trust that each user must have to participate in the whole network. The required trust from the end user increases in proportion to his own lack of technical understanding. As less an end user understand the process to participate in the network, more trust is required from him to participate in the network.

You see, grandma have to trust that the software she is using (she do not even know what that means) is not a corrupted code. Grandma have to trust the peers connected to the software she is using (she do not even know what that means) are not corrupted nodes. Grandma have to trust the hard earned BTC she is sending to an exchange platform (she do not even know what that means) are going to be exchanged by real money.