Oh my Satoshi
→ 10th Birthday Genesis
A Proof of Turing Completeness in Bitcoin Script
Published by CoinGeek on 22 Apr 2019
In a presentation given on Feb 27, 2019 at Brunel University in London, Dr. Craig Wright says Bitcoin will move to 3 billion transactions per second and beyond, which makes the platform suited to mass consumer payments.
On forks, orphans and reorgs
Published by shadders
- Security of a forked chain is near identical to an unforked chain.
- No transactions were lost or double spent.
- Reorgs are part of the Bitcoin design and incentivize more secure 0-conf.
- The design turns the unreliability of distributed systems from a problem into a feature.
On 18th April 2019 we saw an interesting event on the Bitcoin SV block chain. Two sets of miners began mining competing chains which resulted in two chain re-orgs. The headline number on twitter is that there was a re-org of 3 blocks then a second re-org of 6 blocks. What hasn’t been pointed out is that the 6 block re-org encapsulated the 3-block reorg so from an outsider’s point of view it was like part of the chain switched to a longer branch then switched back to the original branch once it became longer. Imagine a race where someone takes the lead then falls back into second place again.
"BSV mainnet sustained peak throughput of 200 TPS and 400 TPS in the previous tests so we set the target at 1000 TPS this time. The test result showed there was no loss of transactions which had all been included in blocks and there were no double spends. However, block re-org occurred and 1000 TPS target couldn’t be reached while parallel verification code hadn’t been deployed in nodes."
Quoted from Bitcoin SV Mainnet Stress Test Report
Shift to Bitcoin-based contract is the evolution for legal agreements
nChain Chief Scientist Dr. Craig Wright presents his arguments on using Bitcoin on legal agreements, saying that its safeguards make it better than paper-based records that are susceptible to alteration and forgery.
Published by CoinGeek on 16 Apr 2019
Why I Left Twitter
Published on 13.04.2019 by Ryan X. Charles
The Bitcoin SV Channel - #PatentWars
broadcasted live on 15.04.2019
Hosted by Sir-Toshi & CaptainBitcoin, The CoinstorageGuru, SafeMoverNewHampshire & More
Sal Mayweather Podcast
by Sal The Agorist
Bitcoin 2019 Conference
San Francisco, CA, USA
The House of Morgan
An American Banking Dynasty and the Rise of Modern Finance
A non-fiction book by Ron Chernow, published in 1990. It traces the history of four generations of the J.P. Morgan financial empire, on both sides of the Atlantic, from its obscure beginnings in Victorian London to the crash of 1987.
"Bitcoin is not a cryptocurrency"
Published by CoinGeek on 04.04.2019
The name Satoshi comes from Satoshi David character in the House of Morgan Quote
Posted by BitcoinXio on May 04, 2016 4:44 am at forum.bitcoin.com
According to Craig Wright, the name Satoshi comes from the "Satoshi/David" character from The House of Morgan. Whether you choose to believe Craig Wright is Satoshi or not is another story. But the claim that Wright makes about the origins of the name for Bitcoin's creator, Satoshi Nakamoto, are extremely interesting nonetheless.
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance is a non-fiction book by Ron Chernow, published in 1990. It traces the history of four generations of the J.P. Morgan financial empire, on both sides of the Atlantic, from its obscure beginnings in Victorian London to the crash of 1987.
The reviewer for the New York Times Book Review said, "As a portrait of finance, politics and the world of avarice and ambition on Wall Street, the book has the movement and tension of an epic novel. It is, quite simply, a tour de force."
The reference to Satoshi happens in the book when discussing the history of JP Morgan in Tokyo. In the book, it says:
"In it's quest for the branch, the House of Morgan had one last weapon, a man of indeterminate nationality known as both Satoshi Sugiyama and David Phillips."
In this part of the book, it explains that Satoshi Sugiyama was adopted by an American, and given the name David Phillips. Hence the "Satoshi/David" reference. The important part of this that is inferred is that this person was two people, Satoshi and David, who did not having formal banking training but was able to be a "hybrid" or someone that could use their special characteristics to their advantage.
Satoshi's father wanted him to have an American education, so Satoshi was adopted by John Phillips, an American, who renamed Satoshi to David Phillips. He went on to live in America for 13 years.
What is even more interesting is the fact that Satoshi / David are two people. To me this represents a single entity that is Craig Wright (Satoshi) and David Kleiman (David Phillips). What is even more abstract is that Kleiman (Phillips) mentored Wright (Satoshi), as Kleiman seemed to be the brains behind duo - that is if you accept or at least theorize that Kleiman and/or Wright had something to do with the creation of Bitcoin.