Damus
Gigi profile picture
Gigi
@Gigi
Bitcoin's purpose is NOT to preserve arbitrary data. Bitcoin is a game that brings special bit sequences into existence, and we use these bit sequences to emulate physical ownership via secret knowledge.
159❤️19🤙18💜2❤️1👍1💯1
Gigi · 114w
Information never is and can't ever be scarce. Valid moves in the game are scarce, as the playing field is limited in time and space. Information can never be owned. It can only be kept secret.
IrrelevantBoB · 114w
We must preserve the FREEDOM of being able to use Bitcoin as a currency. All other uses should not interfere with the currency function.
₿atiskaf · 114w
Why would the Bitcoin protocol allow anything besides strict transaction data to be written in a block? Seems absurd. What am I missing?
mleku · 114w
arbitrary data can be done by pBFT replication algorithms, which don't have to be secured by tokens (or can be bonded to bitcoin). I personally think it's kinda sad that Nakamoto Consensus gives us 50.0001% defense against tampering and people think that going back to pBFT 2/3rd majority is a step f...
BitcoinBeliever · 114w
Secret Knowledge sounds so much cooler than Password.
nostrich · 114w
I still think OpenTimestamps is valuable and at such a low block space cost it's hard to complain.
600 000 000 000 · 113w
Game of Bits.