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Decentralization In general, most Bitcoiners (BTC and BCH) agree that Bitcoin is a highly secure network that is immutable and robust. You would find it incredibly difficult to change past transactions or disrupt network communication. The main point of contention comes when discussing “miner centralization” of the network, where BTC proponents argue that scaling Bitcoin on-chain centralizes the network. However, what does centralization actually mean? Think back to the beginning of this article when we discussed Twitter. The number of followers was not as important as how connected the followers are. Graph theory classifies “decentralization” not by the number of nodes in the network, but by the interconnectivity of the network. Information fed into a decentralized network is dispersed and accessible rapidly by any node connected in the network. We can take the small-blocker argument of “decentralization” to its logical conclusion and break down why it is not rooted in any aca...
Diffusion Diffusion describes how the information spreads in a network. We have broadly touched on this topic already, but it’s interesting to note a couple of things in this section. Miners are clearly incentivized to rapidly spread signals across nodes in the network. However, there are other second-class citizens within the Bitcoin network. Normally, we would care about how diffusion reaches 100% of the nodes in the network. However, in Bitcoin the incentive for non-miners to search for information from miners means that the system only depends on diffusion of information across the mining nodes in the network. In many presentations, Dr. Craig Wright has been adamant that Bitcoin mirrors biological processes and epidemic models to an astounding degree. Specifically, he references the propagation of transactions and blocks across the network as closely resembling the SEIR-C model of epidemiology (Susceptible, Exposed, Infection, Recovery, Carrier). Shortly after reading Complex ...
How are you reading this article? How did it go from my laptop to your screen? By the time you read this, I will have posted it on Yours.org, tweeted the link out, and posted it in other various channels. As of the time of writing, The BCH Boys podcast has 750 Twitter followers. Some of those followers have thousands of followers, and others have less than 100. Every person who may come in contact with this piece is a “node” in a large social network. Looking at it this way, we could deduce that we have 750 links to 750 nodes. But do we? How many of those nodes are logged in at the time that we tweet the piece? How many of those nodes will scroll right past the tweet and not even notice it? How many will retweet it to their followers (more nodes), continuing the broadcast? If our intention is to spread this article as far and wide as possible, the connections between people are more important than how many followers we have. When we tweet, only...
Just to be clear: reply to this post with your stress test message and like this post with the amount to stress! (min 15000 sat) Then watch here: https://seashells.io/v/fsKeAUPR
Is there a website that lists all brick and mortar stores that accept BCH or crypto in general? I looked on acceptbitcoin.cash and I know there have to be more than that. And you can’t put in by location.
DYK that Capitalists are actually Anti-Competition in the markets? Larger corporations push out the smaller guys until they are the only games in town for employment and purchasing.
Crony capitalism =/= capitalism. We are both opposed to crony capitalism.
Why? You do all the work for them and they do nothing. They don't have any right to reduce your pay if you do the same amount of work or more. Unions and Coops prevents this.
Competition in the market prevents that. Unions are bloated bureaucracy. "They" took risks and built a company that I now work for. They do a lot more than "nothing".
Maybe so, just don't be surprised if one day the Capitalists you work for take your pay away for no apparent reason. I know you'll join the fight with us when that happens. :)
How can you say you are Capitalist when your bosses make profit on the work you do and you don't get paid enough? You are part of the working class and are being exploited. I am too.
I think I get paid very fairly for my work. I don't feel exploited whatsoever.
I'm curious as to why BCH Boys think that BCH is Capitalist. If they work for someone, they should be Socialist. But if they have a business, then it would make sense.
It is a competitive system. Nothing is given for free in Bitcoin. We both have jobs and are decidedly capitalists. Socialism cannot work.
just finished that @BCHboys blog,
I think I'm a node.
We are all nodes. The Bitcoin (BCH) community needs to work on getting as many edges as possible to the wider world. You understand that better than anyone :)