113 sats \ 2 replies \ @343pg 27 Oct 2023 \ parent \ on: Bitcoin maximalists: Do you believe that competition leads to quality? bitcoin
I appreciate your reply - I think you should check out Knut in some podcasts maybe.
I'm not going to convince on this thread and others will better explain - but I'd say ignore price when thinking about it.
The concept is more whether digital scarcity can even exist and have any value at all? It's whether we have solved the double spend problem. Up to Bitcoin there was no meaningful digital scarcity - for example if I send you an email, it's just a copy of it and I still have the email. Bitcoin solved this - but if litecoin is also the answer, then I think you're saying it didn't.
Id love to, can you recommend a good one for me to listen to? Was about to go on a walk anyway so perfect timing.
Alright, that's reasonable. Digital currency can exist, i think they call it bitcoin! Do you mean that litecoin is the same as bitcoin and therefore inflates bitcoin? That would explain a lot
PS. You probably already know this but bitcoin was based in huge part by the email problen you are describing: It was solved by attaching a header (timestamped) to your email, with some extra random bits, and then doing PoW until you found a digest low enough, and attaching all that to the header of the email. Thus proving youre the one who sent it, that youre not a bot, and when you sent it. I dont think it had any central service keeping track of used hashes, so double email would still be a problem. But obviously bitcoin solved way more
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I can't remember which was the best one I heard. Maybe check out Natalie Brunell when she interviewed him? -
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