Satoshi Nakamoto and the Civil-War Within Bitcoin
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Sources:
vu.hn/bitcoin%20origins.html
/ bitcoin-the-paradox-of...
/ the-bit-short-inside-c...
www.businessinsider.com.au/bi...
www.independent.co.uk/life-st...
www.coindesk.com/satoshi-naka...
www.forbes.com/sites/billybam...
bitcoinsv.com/en
btconometrics.com/
hive.blog/bigpost/@jenkinrock...
/ how-nsa-identified-sat...
www.bloomberg.com/news/articl...
• BANKS Hijacked Crypto ...
Barely Sociable: • Bitcoin - Unmasking Sa...
insights.dcg.co/digital-curre...
thenextweb.com/hardfork/2019/...
www.coindesk.com/satoshi-naka...
coingeek.com/crypto-crime-car...
/ satoshi_on_bitcoin_wri...
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It takes a special genius to continue to be completely anonymous even in today's digital age.
That or sum grimy shit.. this might go over your head
And that genius is CIA
Its very clear that its Craig Steven Wright. And yes, he never signed keys in a public fashion, because he doesn't have to. He does not have to prove anything to YOU. He proved it to Gavin Anderson and other important people. He is Satoshi.
@@myassingh 😉
It was Hal Finney
"Why would he put bugs in his own code, and then solve them himself?"
Oh you sweet summer child
@Satoshi Analysis How are those heavy BSV bags treating you lmao
@Satoshi Analysis xd
Only people who develop can create bugs
Satoshi made all the right decisions
@Satoshi Analysis pretty sure satoshi is american.. inspired by 2008
The "unique double-spacing" after a period was in fact the standard way the U.S. taught typing. So much so that it is now remarked as a generational indicator, in that since this once-standard style has passed into disfavor, it tends to be a marker of someone's age. As an older person, I still can hardly help doing it, since I've been doing it since junior high more than 40 years ago, and find it still serves its purpose of making things just a tiny bit easier to read. So .... a unique style can't be a rough equivalent of anything, much less many tens of millions of people over a century.
And here I was thinking I was the only one who was taught this decades ago and now can't help but to continue to do it as it definitely serves a good purpose IMO.
Agreed.
college had me double spacing for extra essay length, adds a page or two in a lengthy essay. word count machines easy to defeat too.
@@jeremiahburke8331 Yes, that’s always been a rule for pretty much any English paper or college essay no matter what standard they use (like MLA etc). Much easier to read, and easier for the teacher (or yourself ) to make corrections or notes.
What we were referring to, along with the comment original comment is roughly 20 years ago they taught us to press the spacebar twice after the ending punctuation of a sentence…so every sentence began with a “double space” between the ending punctuation of the previous sentence and the first letter of the next sentence. But now I’ve had so many people try to correct me on Twitter or say something about it, and apparently many schools must have stopped teaching the two spaces after a sentence as most people have no clue what I’m talking about.
i was in college during obamas second term, a little late to the party haha
I must say, this was a good video essay on exposing the true identity of Satoshi with the exception of one small problem, but more on this later.
Lmao
ROFL
because he is an south africa guy/// right///
The bitching part is///
There is shitloads of scumffcs who are making millions of crypto hype..
and no one went to visit Paul...
her availability is sure on
What's apk ⤵️⤵️⤵️
(✷‿✷)†𝟭𝟱𝟭𝟮𝟲𝟳𝟳𝟵𝟰𝟲𝟮(✷‿✷)
"You cosplayed Satochi"
I almost choked my meal right there. 🤣😂😆
@Coldfusoin Why are you cosplaying Cold Fusion tho? Just to put up trash ass ads?
@Coldfusoin imposter channel
Bro read your comment before it came up. Priceless.
Imagine real Satoshi watching this and smiling all along.
I like your profile pic.
:) Maybe. Keeping a straight face watching this is bloody hard.
@@edwardspencer9397 hmm... You speak using British mannerisms and use two spaces after a comma. Perchance are you nakamoto?
@@TrigramThunder. 😆
dude , he is still in prison/
Double spacing is quite common. We had to learn it in school during the early 90s. It's been around a lot longer than that too, during the typewriter days.
Thank you for this short documentary. I appreciate your work and your content is perfect. You focus on the important or most relevant factors,thus making your videos concise and very entertaining.
Satoshi did not "originally put a 1mb limit". He introduced it later as a temporary measure against some dos attack vectors
yea I believe it was initially 32MB
@@justice4g yeah, and i think even the 32mb limit was a "technical" one on networking level, not a consensus rule per se.
Yeah but he added the limit and must have been aware that he was setting this in stone as a consensus rule.
yes, he wanted it to scale and said it should be changed later as adoption increases
@@JonathanCr0ss the limit was temporary as a safety measure, he spoke about how the block size should be raised in the forums
Something that should be noted is that, at least in Russia (and probably other former Soviet states), they teach British English. So that Hungarian guy could still type using British English.
And how Hungary is connected to Russia or USSR?
@@maxant4285 because they were a member of the Warsaw Pact and closely controlled by the USSR. You know the whole invading them to put down a protest/revolution thing that happened.
@@MrMattumbo don't be stupid.
@@maxant4285 I think you’re being stupid bro, are you trying to imply Hungary was not in the Soviet sphere of influence? Totally free and independent of Moscow’s control?
@@MrMattumbo don't be stupid. Szabo lives in USA for the past 40 years.
One thing is clear. The skillful anonymity, the white paper. Applying the tools and ideas of digital cryptography to resist centralized control by banks and government. Satoshi Nakamoto was a true Cipher Punk.
Equally as likely that Satoshi Nakamoto is the CIA/NSA who figured a permanent record of transactions would be really neat.
@@aluisious or just as equal to your dumb theory is a enemy like russia or iran/iraq made him up so that they could destroy the US from within by attempting to destroy our banking system.
however it is much more likely the person that created bitcoin made themself 100% anon to stop the us or any country from assassinating them in cold blood, because they know full well if anyone knew their identity, they would be assassinated just like the central bank of the us did to JFK when JFK threatened them with executive order 11110
and they was smart enough to leave a dummy trail to 2 possible people, who continue to deny they are satoshi nakamoto.
its the perfect setup, and the perfect crime against the central bank.
it had to have been planned out for at last 2 decades, to start a financial revolution, which has continued to this day to plague the globalists and the central banking cartel.
unfortunately it wasn't the absolute perfect way, as banking cartel found out a loophole.
don't have to be a crypto bro to understand that cryptos have always been a giant threat to central banking cartel for over a decade now. they only recently decided to adopt the blockchain framework for their own nefarious ways.
i still think privacy oriented alt coins should be bought out as much as possible and used much more as a currency globally. sure it would create a black market which is a risk we have to make, but if people got paid in monero, bought groceries with monero whereever its available, and then converted some of it to fiat to pay for basic services and other goods, then most likely you wouldn't have to do much to force the central banks to "ban" it, but by then it would've been too late and widespread adoption would've been a thing.
forcing the central banks to enforce the fiat is and should be the strategy moving forward, why nobody is doing that is anyones guess.
once you force the central banks to enforce fiat, only thing you gotta do at that point is watch the fireworks.
The anonymity is skillful. Everything else not so much. Bitcoin is poorly designed.
The Real Satoshi Nakamoto is the friends we found along the way.
Was wondering when someone would say this.
Bruh moment
Pronunciation
except who even made or kept any real friends?
lmao
Coldfusion is the best Documentary Maker on YT. Keep up the great work Dagogo
Lemmino is another great documentary channel. You should check that out too.
@@awkweird_panda Yhh Ive seen his video on cicada 3301 and his video on Gravity Falls, hes quite good
WhatIveLearned is on the same level
yeah hes fucking dummy fire. this shit go hard no cap
@@awkweird_panda was instantly thinking of the same name :D
This guy's voice is so phenomenal. I could watch anything he produces
Yep. It's sexy AF
Funny, I actually dislike his voice, but the content is just amazing.
Is he an angel? I'm crying right now his voice so majestic heavenly and ethereal.
He has good taste in his music choices as well.
True, along with his quality delivery of information. He perhaps the best CZcamsr in the industry right now. (For me)
Never invest more than you are willing to lose. Sound advice.
would gladly appreciate if you can introduce us to a better platform where we can earn profits on a daliy bases......BTC/ETH/DOG/,
Doge to the moon and beyond
@@Visibleve Thank you for your update Am long term holding. I love dogecoin
I'm 50% ADA 50% BTC 5 year hold
*Ganga and doge, a winning combination*
The sadest thing is Satoshi could've passed years ago and never got to see the creation he made grow to the heights it is now
thats exactly why i think its Hal Finney. thats why the coins never moved, they left with Hal RIP
If by heights you mean stupid prices, sure. Bitcoin doesn't actually do anything.
@@aluisious What do you mean it doesn't actually do anything? Bitcoin's recent popularity put crypto on the minds of the general populace--transforming crypto into a viable vessel for transactions.
@@KenLinx bitcoin popularized the blockchain. But in itself it has no use case.
@@sgill4833 wtf does that mean? It’s stocks that can be used as money.
NS = Nakamoto Satoshi, which is how the Japanese would write it
Yes. 🤣 it was quite hilarious when I thought why couldn’t people figure that out.
My theory is satoshi nakamoto is a real japanese person who has traveled or lived in UK as i have heard many japanese people prefer UK.
quite possible that it is a Japanese genius
Nakamoto san is probably a hafu
The real question is not "who is satoshi?".
The real question is: "who owns satoshi's private keys?"
Holy shit, that's something people overlook, its a possibility.
My dad
this
Never think about the money. Think about the inspiration. I want to learn from satoshi.
THE STUPIDEST THING ABOUT YOUR THEORIES....SO MANY COINCIDENCE...BUT DOES NOT ACCEPT IT DUE TO YOUR "MATHEMATICS AND SCIENCE"
Hal Finney will always be Satoshi Nakamoto to me.
Thank you Cold Fusion. Yout research and reporting are world class.
Everybody else: *comes up with theories of Satoshi's identity*
Satoshi: 😏☕️
Might be
Do you really think the world government would let some random person create their own version of currency?
@@eldinringofmisery8529 That's assuming you think government can rule us all, which they can't and never will be able to.
I will recommend you to my broker Mr James trading services , he earns me a lot and his strategies are awesome
+ 1 7 8 5 6 1 5 0 5 2 7
22:40 Maybe he is really Satoshi, but makes Satoshi's character all good not for profit, so people like satoshi. Meanwhile, real him, he increases blocks and his 1 million bitcoins keep getting bigger value = Profit af
Palpatine!!
Also, people tend to add alot of meaning behind standard decision, even mistakes. No one is a god, no one keep on the same road without changing or trying new things, exploring.
Or even use Blockstream and the CEO character just as a front for anonymity, and of course, some cashflow on the side, given the real Satoshi can't really use his accumulated wealth without comming out into the public. Just a thought...
Great video!! I’m glad you included the snippets from Decentralized Thought channel!
Your channel has some of the best quality content on youtube. Please know that your work is highly appreciated both as entertainment and meaningful information. Mad respect to you!
Right on.
The reason behind disappearing of Satoshi was to establish the point bitcoin was made for, anonymous money exchange system governed by the people.
The original version of Bitcoin was never truly for complete anonymity. It was designed to be a decentralized p2p cash that isn't affected by inflation.
@@Calrus it was but that's why xmr does everything what people think Bitcoin does
This is not true. And I think it's part of the psyop
Thanks for always providing such good quality content. ColdFusion is my number 1 channel on CZcams!
I found this great channel very late...I m addicted...very great info...hats off
Your videos are fascinating 👊
Stopped what I was doing to watch a new ColdFusion video! 👍👍 Always great content.
love your channel Dagogo. Keep the great work!
Greetings from Mexico!
Excellent content 😊 thanks for your amazing work
Your videos are really nice mate. Just saying, cheers
Coldfusion documentaries are the best
Agreeeeeeeee📈
Not at all,sometimes he misses a lot of information
Damn right. I get excited when I get a notification
Even with some clear misunderstandings in them...
Skip to 18:37 that’s where the real fun starts.
There's a fantastic pic of Adam Back with fake Satoshi Nakomoto out there. Its perfection.
Your work is incredible, I can't thank you enough for all your content, always straightforward no B.S.
Thanks for sharing ☺️
I don’t often subscribe to channels, but you’ve earned my sub.
Excellent video Dagogo. I appreciate the time and effort that you put into your productions.
@ColdFusion - Oh yes pls tell me more about your groundbreaking strategy. I will contact your team and give u my banking informations in case you need it.
ColdFusion, I have mad respect for you. You making this video like this, shows me you are a good man with a moral backbone.
I really enjoyed the video. One thing though; growing up in Connecticut, I was always taught to put a double space after a period.
Yea, I do that too. Maybe I'm Satoshi. 🤣🤣🤣
That’s a carryover from the typewriter era. Has nothing to do with the geography of where you grew up.
Maybe Satoshi Nakamoto is the friends we made along the way!
Lol
barf
Or maybe it's Nick Szabo, ya know, the guy who was trying to created the same fucking thing (Bitgold) at the same fucking time in '07, then reazlied, oh shit, I should change the name and be anonymous. I dont want fame.
@@Scorch428 interesting theory
yass!! or better yet, we are Satoshi Nakamoto
Always remember, the real blockchain are supposed to have no admin keys, no middleman, fully decentralized. Support such projects and do your DD!
the real blockchain supposed to be to gamble cards on a high roll//
then the cia got envolved with and arm deal in lyberia. and it all went side-wayz/
and the world never knew. the world never noticed.
Yes... thank you! Well put
Very well done!
it just blows my mind all over again, how these systems are just set up one day
Thank you for the video mate :) even though you missed the big one as satoshi candidate, Len sassaman
Discovering the identity of Satoshi Nakamoto is incredibly dangerous, even life-threatening for whoever it is. It is highly irresponsible to persue such a path for this reason. Imagine being identified as the person who provided an alternative to the world's financial system. That's the reason he published anonymously, and should be left anonymous.
Elon Musk encountered this when he created paypal. He followed up with BTC and hid his identity well, almost. The US government knows. They had the NSA do a fake leak to throw investigators off the trail by claiming it is Nick Szabo, wrong, it's Elon.
@@nodaklojack I would love if this were true
The hero we got but did not deserve
Vitalik Buterin is the public creator of Ethereum and he is doing just fine. He owns hundreds of millions of dollars of Ether.
I don't get people. Why should there be a reason. The person wants to be anonymous. Let them.. It's that easy. It's not a quest for something or a challenge. Humans are fucking weird.
@@nodaklojack Best Case Scenario! He's admitting to Bitcoin being useful and diving into owning Bitcoin setting up Bitcoin nodes and accepting Bitcoin for Tesla sales.
On the case of Adam, to me keeping the block size small and making money from a side-chain seems like the smart move, you neither reveal your identity neither risk collapsing the coin by cashing out from a Satoshis wallet (a huge sellout of bitcoin from Satoshi would probably have really negative effects on the future of cryptocurrency).
Side chains, like Lightning Network, siphon fees away from Bitcoin miners, eventually starving & bankrupting the miners. No Bitcoin miners means no Bitcoin. The whole system grinds to a halt.
I like your videos, also educational👍.
Adam Back didn't even believe in Bitcoin, Satoshi e-mailed him personally and he dismissed the project claiming it wouldn't work, he didn't end up joining the community until 2013, when it was pretty obvious Bitcoin had already made it.
He is also a huge douche. Satoshi was so measured and clear when he wrote. A huge difference from how Adam posts, just read his Twitter feed
Oh man, he is really douchey, lol
Satoshi is not petty
Flawed logic. Nick Zsabo also argues for small blocks, along with many others.
I wouldn't want for Adam Beck to be Satoshi...but his writing quirks are a pretty strong indication. Beck, Wright and many others could use British English words like "Bloody" and "neighbour" (instead of neighbor), but the double space after periods is weird.
Maybe he e-mailed himself 🤔
Wonderful work mate....how about a video on USD Tethers also!?
Well done research. Really enjoyed this
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人々がビットコインの秘密を発見することに興味を持っているのを見るのは素晴らしいことです
interesting set-up
20:17 loving the muye instrumental.
This guy's a legend (both of you)
i believe those bugs are called mistakes. people make 'em all the time.
Hell, anyone’s code would look like a mess when it is viewed by others. Coding is kinda like hand writing. Most of the time, only the guy who wrote it can decipher 100 % what he wants it to say.
Your productions and research are outstanding.
I love every one of your superb documentaries- no matter the subject.
Fantastic work.
Thanks! Write my support team to guide you through in crypto and profitable investment
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On w•a•s•a•p•p«
PhD or any Degree does not make any difference in intellect the only thing that makes a difference is how curious and innovative an individual is. Most if not everything useful and societal improving methods we use today were created by innovative thinkers not by academic repetitive thinkers!
KEEP up the EPIC WORK Dagogo
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Thanks for commenting/
Thanks so much for .your input and comment,msg .the number above👆for more crypto info...,
Satoshi Nakamoto, the best Hodler we've ever seen
The original Hodler
stupid worthless politicians
wouldn't it lose value if he used his share?
@@mayeezy254 yup.
Harold is living a block away from Nakamoto ? Well that's nice coincidence
Was living. He passed away, great guy..
coin-cidence?
Well lets do come mining so we can complete the transaction. Who knows if the payment will be finding out if Harold is Nakamoto?
@@tomholy can't really say. I just miss hal.
I won't name my neighbor if I want to be anonymous...
Notes:
The main problem with large blocks-
Running a full node now can use 20-60GB a month, any increase to blocksize or "weight" multiplies this usage by the amount raised.
It is already a huge deal to get people running Full Nodes as you need to have it running all the time and the aforementioned bandwidth usage.
The point of this project is the decentralized network. To realize the benefits of a decentralized network - you need more and more people running full nodes (it needs to be decentralised)
So the harder you make it for just normal people to run full nodes, the less of them there will be.
You can in fact raise block weight - when normie technology and normal usage far exceeds the current meta. Or when running a full node on your phone is easy.
Blockstream has no direct power over the project's development. They do have power over the lightning and liquid network.
Adam wants to use a sidechain because the technology principle which has protected itself for 13.8 years limits the number of transactions (with our current technology, again we can raise block weight when the technology and quota limits make it viable for normal users). The easiest way around this is to use a side chain (or channel I guess) for smaller transactions. The idea is that purchases you care about having the benefits of the project's (I keep getting my comment removed so removed the name of it) security for can just be sent on main net, whereas your weekly purchases and other smaller items can just be on a side chain.
Lol our unregulated securities use too much energy and computing power to do the only thing it pretends it can do.
So let's trade the unregulated securities on unregulated exchanges. What could go wrong?
@@Praisethesunson i learned my lesson from mt gox.
When this was created, no one had any idea that in a couple years they would build machines specifically designed to mine it. That was a ludicrous and silly idea that only someone who was a total fanboy would have - and they would have been laughed at.
I imagine if they did know that, they would have changed some things. You can’t just update it without the entire user base agreeing to the update.
@@Praisethesunson exactly the point ive been making about ANY cypto currrencies
@@notreya and at this time, i guess the 'entire user (miner) base' are the ones who could afford farms of millions of dollars worth asics. ie: corporations funded by even bigger corps and banks.
It’s not decentralized anymore since only very rich companies can mine bitcoin therefore this excuse is not relevant
Watched and liked 👍
It'd make a crazy plot for a sci-fi movie if many years later, Satoshi is revealed to be an AI operating by itself.
That would be terrifying
You should claim the IP rights to the idea before anyone else does 🤣
Or like he's an advanced AI from the future
@@oceania68 He should put this idea in an NFT lol 😂
no shit, was just thinking the same thing
Awesome content
Please do a video on various altcoins and the future of crypto!
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The ad mid-show opened with the exact same stock footage shot you had used at that exact moment. Weird!
Alright, you caught me. I am Satoshi Nakamoto.
I am sparticus . No wait ....
Your name is not mark
hey can i have like 10 million BTC? its no big deal for the guy who literally made them outta thin air
@@googlemeet6385 satioshi only has 1 million coin after he donated half
Fun fact! Did anyone know Satoshi’s middle name? It’s: Satoshi Bitcoin Nakamoto
Another excellent and informative and well crafted essay by Dagogo, so rare to get in depth technical content combined with top notch editing and presentation.
Appreciate your comment!, text for your B..T..C investment + ~1 ~9~7.~8.~ 2 ~3 ~8 ~0~9~ 9~3
W.H.A.T.S.A.P.P
@@user-oj5cy8xl1s go away, troll. Stop pretending to be ColdFusion.
Rrdreee.
@@alenjosethomas The crypto market is highly profitable with an expert broker just like Mrs anna. I got recommended to her and since then my financial life has been a success.
(✷‿✷)†𝟭𝟱𝟭𝟮𝟲𝟳𝟳𝟵𝟰𝟲𝟮(✷‿✷)
Thanks!
Thanks
This is a 100 percent chance that FBI/CIA made an extensive investigation on the real idendity of Satoshi Nakamoto
Or the CIA created Bitcoin and Satoshi is fake
I am Satoshi
@@Coolsomeone234 thats exactly what i said. These Banker Families that own the FEDERAL RESERVE BANKS are BEHIND THIS i think. They are not going to allow a few nerds to get together and create a digital currency that totally shuts them DOWN & STOPS THE BIG BANKS from controlling this world. This is why is went SILENT for 10 years they got involved after it was discovered in 1983. And they are probably behind it so that they can FOOL US ONE MORE TIME when the CASH DOLLAR BILL COLLAPSES
@@Coolsomeone234 CIA C I Ain't kidding
@@kellymore8754 really trying ur best to hide from the CZcams algorithm huh
Your videos gives us a lot of information thankyou!!!!
Yes sure
I love this show.
I am so happy that you shared the sources, thank you
@Coin Fusion fakeee
Szabo's actual initial would be NSZ as SZ is one letter in Hungarian. Szabo is a four letter word in Hungarian.
Nick Szabo is not satoshi, he sold out to banksters and was used as an authority figure to attack Bitcoin.
Hearing Trampique caught me completely off guard, love his work, especially the Volor Flex project 😄
Interesting 🧐
Satoshi is the main character and we are just side characters in this game.
This was very well done Dagogo.
Agreed, this might be the best one yet on this channel
Hi Mike!
When will we see you speak with Richard Heart who called out Craig at 18:37 mark Mike?
Assuming Adam is Satoshi... are we 100% certain that he would want Lightning to succeed only if he sold himself?
I don't think so.
Well, if we think about it, it doesn’t circumvent Bitcoin.. or just in some rather superficial metrics. It’s true that it creates hubs not dissimilar to Banks (but much more tiny and numerous and more distributed than Banks in fiat world), but with incredibly well designed privacy of payment. Is that what would governments want from him in time of KYC and AML if he was coerced? (there can not be backdoors to leak ) And for Banks - there is too small profitability from those lightning hubs compared to current hubs, most importantly there they would still lack ability to inflate supply of Bitcoin through fractional reserve banking. Just having tens of thousands of hubs creating channels doesn’t seem that conveniently similar to the current system that they would want it either.
Loved your series on hidden secrets of money Mike☺️
I don't do crypto money but this stuff is quite interesting . 👍
THE DOUBLE SPACING IS HINT OF UNIX TO UNLOG THE FOLLOWING COMMANDS ...ALSO
Opening youtube thinking "I want to listen to something calming yet informative" and finding just the right thing...
F-n vaporwave asmr documentaries right there
Nice vid! Thanks for the shoutout at @19:00. If you ever want to chat hit me on twitter or telegram!
Thanks for everything you do in the cryptospace Richard! Especially exposing the truths nobody wants to talk about!!
The gatekeeping won't go on for ever!!
“The further a society drifts from the truth, the more it will hate those that speak it.”
― George Orwell
@ColdFusion this would be fantastic! 🙌❤
@ColdFusion You need to have a chat with Richard Heart this man is going down in history!
Yes please! This would be awesome!
definetely would love to see you both on stream
🕊️ GRATITUDE👍 Thank you great channel🎖️ Excellent SHARE!! ❤️🧡💛💚💙💜
*' 🇺🇸🙏🇺🇸* *GOD BLESS* *🌎🙏🌎 '*
U need a video on the zeropointenergy spiritdreamorb
You know the situation in Monsters vs Aliens where it turns out that the invisible man died of heart attack many years ago? The Nakamoto situation feels like it, may the Satoshi is gone.
In most Asian languages, including Japanese, the family name comes before the given name. So in Japan the name would be Nakamoto Satoshi. So a bilingual, a Japanese American, or just somebody into Japanese culture would be just as likely to use the initials NS and SN.
We know a certain Technoking that is into Japanese culture and had a P2P payment service before being ousted by the board.
But why all the British mannerisms in their correspondence? If those aren't put on, then that narrows the list of people down a lot.
@@tams805 Many Japanese who do a work-study program to learn much better English and get the chance to live abroad do so in Australia or New Zealand. A few also go to university in the UK, such as a Japanese friend of mine. They end up speaking British English.
Hey, love the video but I wanted to point out a factual error at 1:20. Satoshi didn't "originally place a 1mb limit," in the beginning there was no given block limit, with the maximum block size being limited only to what the highest number in the node software was (32mb). Further into Bitcoin's lifecycle, Satoshi implemented said he was implementing a TEMPORARY 1mb blocksize as a short solution to stop the spam transactions they were getting at the time. Satoshi even wrote about how the blocksize could be increased in the future. Then Satoshi disappeared and 1mb blocksize was kept to create an artificially high transaction fee market
Yes, so creating a node doesn't require a 10TB SSD and block validation actually is decentralized
@@Self_Improover you can have a fully validating node with pruning mode enabled so you don't need to keep the full archive
seems like S.N. wasnt about making money off of the transaction fees but thru the wide spread adoption of the coin/idea which would pay off 100 times more then any short term rug pull
This is the key issue with most coins, the people working there see a way to a quick and easy payday, instead of running the company, working a high paying job till hopefully the company is bought out, but that isnt enough for greedy people. If people were honest about the coin, ran it like a legit coin and invested in developing different ditigal investment I.E. creating/using a NFT properly which means finding a underlying contract that can be as easily transferable as the nft itself, contract developement is key
@@Self_Improover A 10 TB HD currently costs less than $200 on Amazon. It's hardly a barrier to running a node. Decentralized block validation can be achieved with less than 100 nodes globally, so again, it's not a barrier to decentralization either.
Thank you! There originally was indeed NO LIMIT.
And the 1MB limit was not willingly added by Satoshi, he had be dragged into implementing it. It wasn't his preference. And the plan was never to leave it like that! But to lift it again as soon as possible. Was just a very short term patch to fix an early spam issue.
You should do a full vid on the bilderburg group dude.
Plot twist: The one who produce Coldfusion TV videos is Satoshi Nakamoto. His real name is Natoshi Sakamoto. 😎
*~Hit me up, I'll introduce. you to a life changing Investment~*
bit coin is a tracking tentacle of government
Hahahaha
@@giglbusiness6060 Losing most/all of your investment is definitely life changing for many 😛
Brilliant haha 🤣😂
Best musics on a non-music channel...
Adam has probably two reasons to be cooperative:
- Mass Adoption driven from within the system
- Protecting himself and his family
Also I think its exaggerated that Lightning is a feature for profit for the banks. What makes you think that? Everyone can run a node..
Adam Back is not Satoshi Nakamoto. He didnt even know why double sha was for. He thought it made more secure bitcoin, and actually it does less secure as CSW, the real Satoshi, pointed.
It's not that Lightning is a feature for profit for the banks, but is a system in which you have to trust the node operator and not an automated system in which you can trust the code. The node operator is as much of a bank as an exchange is, so it's a Layer 2 solution that leads to centralization and that at the same time is still capped by the block size so it will lead to the same scalability issues later on.
With this I'm not saying Lightning is a bad concept, because if it was a smart contract you could trust the code. I'm just saying it is a workaround that is a long way from being good, and that I don't actually think can work in the long run, and that is just able to buy some time before the issue is brought up again... If you look for my other comment on the root level you'll find more context to the way I see it.
@@goncalopedro9054 Smart contract is being built on bitcoin network as we speak. Thaddeus Dryja from MIT has been working on lightning and smart contract since 2015. His research has come a long way since then.
@@Hboogie182 I agree that it has come a long way, but is still a long way from being ready. Also i don't think it is a solution for scalability unless we scale block size to 4-6mb, which is way too high and will make everyone dependant on big corporations in order to transact. And by this I'm not even talking about mining (even if it will also have an impact). I'm talking about being dependant on corporations to be able to store the blockchain itself as it will reach a point in which normal people wont have enough space on their computers and so you become dependant on who has the entire ledger. In short, the owners of the truth will be few, meaning they could more easily manipulate that same truth (blockchain)...
@@goncalopedro9054 that's why it's important to keep blocksize small. Scaling solutions should only be done on layer 2 so you don't compromise the base layer.
It never ceases to amaze me that the entire defi movement creates things that have already existed, discover the problems everyone else did, and then to solve them, reinvent the banking industry. The reason finance isn't decentralized is because it's terrible; that's why we stopped having state currencies in the US and founded a federal currency, and then got a federal reserve when we discovered what happens when you don't have reserve currency.
Had a rough night and made my heart feel heavy. I am glad Cold Fusion uploaded a new video to distract me from the worries and sadness.
aw :( stay strong
Doma ❤️
@@Patrick-pu5di Thank you so much, I am fighting and waiting for everything to go back to how it was before.
@@lunaro23 ^_^♡
Cheer up man, every second is an opportunity to start again.
Watching from South Africa. I enjoy your work so much
This video is fantastic, but it also incorrectly conflates Blockstream's Lightning and Liquid networks. The centralized sidechain you describe in the video is _Liquid network,_ not Lightning network. The Lightning network is decentralized and 100% P2P while still having instant transaction settlement, and it runs on top of the actual blockchain as a Layer 2 (L2) solution. On the other hand, Liquid is an alternative centralized solution that "ticks a lot of boxes" that Lightning doesn't, and for that I totally agree with the video on how underhanded Blockstream's motives are here: rather than improve Lightning, they propose a centralized alternative "for convenience."
Also, Satoshi intended for the block size to remain 1Mb. People have posed these questions to Satoshi himself and he responded to keep the block size fixed for security reasons. It’s the trade off between security, scalability and speed. Satoshi always favored security.
LIKE THIS VIDEOS IS VERY IMPORTANT HISTORY SINCE 2007 2022...
Thanks for all your hard work, Dagogo. Would you consider making a piece for Archegos Capital?
@@cryptobanter2914 Am not really happy with what's going on , just few weeks ago I lost about $ 4000 in a particular trade
I've once taught of investing in Bitcoin but was always discouraged by my friends
19:10 Tough crowd, eh? 😬
I believe that is Richard Heart
LoL 🤣 I remember everyone LOVED it when Richard did that! So many of those og miners and programmer's (the ones who helped bring it into the masses via mtgox etc) they hated Craig and his lies.
I guess that's why he is losing his court case regarding Hal's crypto that's locked still?😎
What a clown
Yes Everyone should follow Richard Heart on CZcams for calling out Craig at 18:37 mark