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authorPatrick Strateman <patrick.strateman@gmail.com>2015-06-27 19:13:16 -0700
committerbitcoindev <bitcoindev@gnusha.org>2015-06-28 02:13:19 +0000
commit14c456d142f55dadae352e6e7cc901f71cadd21e (patch)
treedd7e665693b5f1e95cda63b38ea4dd1c6ea01776
parent5688f420e97c36bfd9ddbce0cf58f57585fdf49a (diff)
downloadpi-bitcoindev-14c456d142f55dadae352e6e7cc901f71cadd21e.tar.gz
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Re: [bitcoin-dev] Original Vision
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+Date: Sat, 27 Jun 2015 19:13:16 -0700
+From: Patrick Strateman <patrick.strateman@gmail.com>
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+Subject: Re: [bitcoin-dev] Original Vision
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+> Further, it appears clear that the original author intended
+organizations operating full network nodes would provide connectivity to
+light clients and these light clients would make up the majority of the
+user base.
+
+Satoshi also believed that fraud proofs would be widely available and
+practical.
+
+If fraud proofs were practical SPV client security would be much closer
+to full node security than it is today.
+
+Unfortunately no design for fraud proofs which is both efficient and
+secure has been proposed; much less implemented and deployed.
+
+In building a system as new and innovative as bitcoin certain things
+will be wrong.
+
+The perception that SPV clients could be made nearly as secure as full
+nodes is one example of something that was wrong.
+
+On 06/27/2015 05:14 PM, Santino Napolitano wrote:
+> There is much heated debate going on right now and I know it can be ver=
+y stressful but I'd like to point out that it is really amazing how passi=
+onately so many feel about this once very small project. Let's not forget=
+ there is something really special going on here and we're all part of it=
+=2E
+>
+> The current debate has little to do with block size or hard-forks, IMO.=
+ It's about the nature of Bitcoin and what it means to people and how it =
+will grow. I would like to take a moment to share my interpretation of th=
+e original author's intent based on everything I could find and read from=
+ this person. This is not to say their original vision is paramount-- or =
+even that I got it completely correct but I think it might do us some goo=
+d to think about.
+>
+> It seems as though the incentive conceived of for running a full networ=
+k node was that it would enable mining. The proceeds from mining (new coi=
+ns and transaction fees) would be the reward and provide a reason to cont=
+inue operating these nodes. If fees are ever to be a sufficient reward an=
+d still allow for a practical and useful system the size of the blocks mu=
+st grow significantly as must the user base. I'm not sure that this is re=
+ally contested but I haven't exhaustively reviewed everyone's opinion so =
+please excuse me if I have marginalized you. If you do contest that I wou=
+ld be interested in hearing it.
+>
+> Further, it appears clear that the original author intended organizatio=
+ns operating full network nodes would provide connectivity to light clien=
+ts and these light clients would make up the majority of the user base. T=
+his is completely consistent with current trends in Internet consumption,=
+ e.g. tablets and phones are becoming more preferred to even owning a tra=
+ditional computer. Having the system be entirely decentralized and trustl=
+ess for every client does not appear to me to be the original design goal=
+=2E Yes, the whitepaper speaks of the design goal as not having a need fo=
+r a trusted third party but it does not say that some amount of trust won=
+'t be preferred by a majority of users. In fact, in the SPV section it im=
+plies some amount of localized trust is perhaps a necessary trade-off and=
+ maybe businesses should still run their own full network node if they wa=
+nt the stronger completely trustless guarantee. The global decentralized =
+consensus appears meant to make the network r
+> esilient to a single government or other adversary's ability to shut t=
+he network down. If you really want to trust no one it is your option at =
+a cost and should be possible by design. The author further gives evidenc=
+e that they believe Moore's observation would keep the idea of running a =
+full network node a practical one at global scale for perpetuity. It does=
+ not appear as if they intended for every individual to run one at home n=
+or in their pocket.
+>
+> If my interpretation seems incorrect please do point it out. I hope thi=
+s hasn't been too off-topic and distracting. The original author's engine=
+ering ingenuity is what gave me any interest in this project so re-visiti=
+ng their design and scaling intentions might be helpful for us to move fo=
+rward-- together.
+>
+> _______________________________________________
+> bitcoin-dev mailing list
+> bitcoin-dev@lists.linuxfoundation.org
+> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
+
+
+