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Wednesday, 3 April 2019

Bitcoin Cash really is Bitcoin, the way Bitcoin was meant to be

Take the time to reread the Bitcoin whitepaper here and decide for yourself.

  • is the blockchain intended for "casual transactions" or infrequent high-value settlement? (p. 1)

  • is Segwit strictly compatible with the definition of a Bitcoin? (p. 2)

  • what is the role of nonmining "full nodes" in the network? (p. 3)

  • what is the original scaling plan? (pps. 4, 5)

  • what is the original privacy plan? (p. 6)

  • is secret RBF considered "dishonest mining" (p. 7)

  • was the rule & incentive system "frozen in place" or intended to be upgradeable (p. 8)

It's amazing what you can learn in a rereading. The paper is short and easy to understand.

Please share it with others. Whichever is your favorite token, we should all agree that this document represents a milestone in the way humans think about money.

Bitcoin: a Peer-to-peer Electronic Cash System



Written by: jessquit
Source: https://ift.tt/2CS9E21

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