A very early bitcoin adopter has proven the possession of some 7,250 bitcoin mined in late 2009 and early 2010, worth nearly $64 million, by signing a message that says:
“Craig Steven Wright is a liar and a fraud. He doesn’t have the keys used to sign this message.
The Lightning Network is a significant achievement. However, we need to continue work on improving on-chain capacity.
Unfortunately, the solution is not to just change a constant in the code or to allow powerful participants to force out others.
We are all Satoshi”
These addresses were given to the court by Wright, who has been nicknamed faketoshi, in submissions claiming his one million bitcoins are locked in a trust.
That included 50 bitcoin which was moved recently, so potentially strengthening his case in court, hence perhaps necessitating this message by this unkown early miner.
It could also be many miners who all might have coordinated the same message and perhaps the very balanced nature of the message suggests it is actually numerous miners instead of one person.
That’s because if it was the latter you would expect some sort of bias somewhere, but if it is many miners then they have come up with a pretty nice very diplomatic message regarding scalability, a topic that gave Wright an opening and some fooled supporters because Satoshi’s Vision became a kind of slogan in regards to hardfork changing the blocksize limit.
These miners are saying “we need to continue work on improving on-chain capacity,” but not by “just change a constant in the code.”
By that they presumably mean bitcoin needs to scale but somewhat slowly with different methods to compress transactions as well as at some point you can’t escape changing the constant to allow for more data processing, but gradually instead of the initially suggested plan in 2015 of 8GB blocks in two decades.
They also criticize presumably Theymos and other small blockers in stating we shouldn’t “allow powerful participants to force out others.”
The top mod of r/bitcoin, Theymos, engaged in systemic political censorship and banning of one side of the scalability debate, leading to the radicalization of both sides to the point they could not reconcile and so they had a chainsplit on August 1st 2017.
That could have cost bitcoin the top position as ethereum then nearly overtook it in market cap before eth faced its own scaling problems in late 2017.
Yet both sides of the debate as as well as ethereans and pretty much all cryptonians agree that faketoshi is a “lier and a fraud” as these miners have pretty much proven.
Whether the two sides can reconcile however now five years on regarding capacity is perhaps something else, but arguably very much possible.
That’s because arguably bitcoin needs both sides as otherwise it does risk becoming an out of touch echo bubble with the chief ‘small’ blockers proponent, Gregory Maxwell himself, stating there’s a risk people see 1MB as some sort of magic number when their point is the more conceptual argument that you can’t scale too fast if you want to maintain decentralization, but you can scale slowly through all sorts of compression methods, smart contract linked layers, and also by increasing on-chain data processing as they have done to the point bitcoin now has more on-chain capacity than eth, running at a max of around 2MB per ten minutes while eth is still at 1MB.
Copyrights Trustnodes.com
