submitted by /u/afriendofsatoshi [link] [comments] |
source https://www.reddit.com/r/btc/comments/ddz9zf/hong_kong_monetary_authority_issues_bank/
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This is mostly a thought experiment, I don't mean to distill a particular conclusion into you.
"Does bitcoin need block propagation tech?"
If the answer is yes, then what was Satoshi doing? Building an immaculate system, one of the greatest known to mankind, but failed to forsee that it could actually provide utility at any sort of scale? Did Satoshi build a system of absolutes, or did Satoshi build a system of incentives?
If the answer is no, then what would be the cause for all the time, energy, and attention being spent on it? Greater decentralization? Should we be concerned with decentralization in a system of incentives?
And my favorite answer, what if the question is invalid? Should developers need to be worried about how efficiently miners propagate their data, or is this a system of incentives that takes care of it on its own? What if the miners see it in their interest to just build their own block propagation tech when needed? What if there's not one way to do this, but many?
Like I said, this isn't to distill a conclusion in you, it's an open-ended question. There is no right or wrong answer by default.
BTC time traveler has only 2-3 months left for the 100k prediction . Let’s see what happens :)