Satoshi Nakamoto [ahem] ok, I won’t start that one again … Craig White giving a storming talk (60mins + 20mins Q&A) in the last few days.
Lots of interesting stuff here on what Bitcoin is/isn’t, why Altcoins & Bitcoin forks (Ethereum), and anything that isn’t Bitcoin (Lightening, side-chains etc.) are a bad idea - actually break bitcoin.
Also raises a few questions for SAFE Network perhaps (on Sybil attacks for ex) so hope @dirvine will review this, and I’m intrigued at the possible application of his new “split keys” for offline transactions and whether Safecoin could make use of this too.
There’s a lot here, and I’m sure some will not enjoy CW’s brashness and arrogance, but I think it is worth listening and looking past that for insights both into Bitcoin, his plans to bring it back to a scalable universal solution, and for insight into issues for SAFE Network and Safecoin. I was intrigued by some of his points about virtexes v edges - pointing out that large Bitcoin nodes are good because they have more edges / connectivity, which is what gives both earnings and security etc.
His vision of bitcoin is counter to David’s for SAFE / Safecoin (he’s capitalistic, big nodes are fine, but provide solutions for everyone) whereas I think David goes more for democratisation. CW is scathing about that, pointing out that he’s no interest in everyone being able to mine (on Raspberry Pi etc) and that $20k for a node is fine, as is all mining being done by the world’s 17,000 banks.
As I said, a lot here! Please post any bits that stand out for you below with a time reference. I made a few below (wish I’d done more so please add yours).
45mins CW: it is mathematically proven that any network with hops >3 can be Sybilled. Bitcoin is <3 so it can’t be. I’m wondering if this has implications for SAFE?
59m CW: bigger nodes work better (increase security due to network connectivity / edges) and earn more for miners (so are incentivised and good)
1:00 CW: more here on how he’s going to set up a mining pool (also mentioned much earlier) and reject anything that undermines bitcoin (SegWit)
1:18 Q: how can we help people in Africa, specifically Zimbabwe access bitcoin? CW: solutions on mobile (e.g. mobile phones, using his new split-key system)