Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by tylersmith on Thursday January 21, 2021 @12:51PM
(#25861732)
That's a fundamental security assumption made by Nakamoto consensus. It's like assuming the discrete log problem is hard. If/when the assumption doesn't hold the security is gone.
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Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by Scoundreller on Thursday January 21, 2021 @12:59PM
(#25861853)
That’s a better way of putting it. It’s a good argument for ASIC resistance and CPU dependence because it’s a lot harder to control General-Purpose CPU supply than ASIC supply.
Meanwhile my regular joe laptop can earn double its electricity cost in Monero (before it thermally locks up).
Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by sedeki on Thursday January 21, 2021 @01:08PM
(#25861982)
I am not a hardcore bitcoiner, but the price would fall quickly if these few controlling nodes would do something malicious. Which is against their own interest.
Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by Scoundreller on Thursday January 21, 2021 @01:21PM
(#25862123)
Probably. But a core aspect of decentralization is that you shouldn’t need to trust a few others at all.
Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by codehalo on Thursday January 21, 2021 @02:00PM
(#25862637)
I think it's more like limits: Trust minimization, not trust elimination.
Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by GoblinSlayer on Thursday January 21, 2021 @02:48PM
(#25863254)
Who cares about technicalities, the point was to let people hold the system in their own hands.
Re:Bitcoincore.org removes Satoshi's whitepaper from website...
by ChainOfFools on Friday January 22, 2021 @12:46PM
(#25874060)
In Trust we trust!