do you think that satoshi was stupid? that you are smarter than satoshi? why do you ignore his whitepaper?
Rip VanWinkle ⚡️
@danieleripoll
If Bitcoiners are rightly called "Bitcoin maxis", then BSVers and Bcashers should be called "White Paper maxis".
This group of white paper maxis believe that #Bitcoin was meant to be a day-to-day medium of exchange. The evidence they point to most often is the title of the white paper. 👇
"Bitcoin: A Peer-to-Peer Electronic Cash System"
However, they ignore everything else that Satoshi did.
They don't ask the simple questions like:
If Satoshi meant for Bitcoin to be a medium of exchange, then why did he cap the supply of coins to 21 million? That's clearly not something you do to optimize payment velocity. Clearly that incentives people to hold it, and not to spend it. Maybe they think Satoshi was dumb. That he didn't know what he was doing. Maybe they think they know better than Satoshi.
If Satoshi meant for Bitcoin to become a medium of exchange, why propose 10-minute blocks? Does that lend itself to a rapid, scalable medium of exchange? Obviously not.
Why would he release the code in the wake of the Great Financial Crisis of 2008? Why would he include in the Genesis Block, "Chancelor on brink of second bailout for banks"? Is it because a scalable payment system would have solved the problem? Of course not. Clearly, he's insinuating that a form of hard money that no government could make more of would have solved the problem. It would have prevented anyone from printing more money to bail out greedy bankers at the expense of the plebs.
Finally, Satoshi spent years writing the code for Bitcoin. He might have spent a week writing the white paper, and maybe 5 minutes coming up with a title for the white paper. And the white paper didn't even include the block times, the block limit, or the supply cap. Clearly the paper was a marketing document because critical aspects of Bitcoin weren't even included within it.
To me, it makes no sense to bet the farm on the title of an incomplete white paper. Pay attention to the work that Satoshi did.
Bitcoin was very obviously meant to be digital gold. Satoshi knew exactly what he was doing.
dr.fred /
npub1he…ymce6
2023-12-16 17:28:11
Author Public Key
npub1heysg4r5mq354k7n3hlk0wae4c4x6p5kh7qfu38fe5f24s82vvvqxymce6Published at
2023-12-16 17:28:11Event JSON
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"content": "do you think that satoshi was stupid? that you are smarter than satoshi? why do you ignore his whitepaper?\n\nRip VanWinkle ⚡️\n@danieleripoll\nIf Bitcoiners are rightly called \"Bitcoin maxis\", then BSVers and Bcashers should be called \"White Paper maxis\". \n\nThis group of white paper maxis believe that #Bitcoin was meant to be a day-to-day medium of exchange. The evidence they point to most often is the title of the white paper. 👇\n\n\"Bitcoin: A Peer-to-Peer Electronic Cash System\"\n\nHowever, they ignore everything else that Satoshi did. \n\nThey don't ask the simple questions like:\n\nIf Satoshi meant for Bitcoin to be a medium of exchange, then why did he cap the supply of coins to 21 million? That's clearly not something you do to optimize payment velocity. Clearly that incentives people to hold it, and not to spend it. Maybe they think Satoshi was dumb. That he didn't know what he was doing. Maybe they think they know better than Satoshi. \n\nIf Satoshi meant for Bitcoin to become a medium of exchange, why propose 10-minute blocks? Does that lend itself to a rapid, scalable medium of exchange? Obviously not. \n\nWhy would he release the code in the wake of the Great Financial Crisis of 2008? Why would he include in the Genesis Block, \"Chancelor on brink of second bailout for banks\"? Is it because a scalable payment system would have solved the problem? Of course not. Clearly, he's insinuating that a form of hard money that no government could make more of would have solved the problem. It would have prevented anyone from printing more money to bail out greedy bankers at the expense of the plebs. \n\nFinally, Satoshi spent years writing the code for Bitcoin. He might have spent a week writing the white paper, and maybe 5 minutes coming up with a title for the white paper. And the white paper didn't even include the block times, the block limit, or the supply cap. Clearly the paper was a marketing document because critical aspects of Bitcoin weren't even included within it. \n\nTo me, it makes no sense to bet the farm on the title of an incomplete white paper. Pay attention to the work that Satoshi did. \n\nBitcoin was very obviously meant to be digital gold. Satoshi knew exactly what he was doing.",
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