• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Bitcoin

Core team ~ your stance may have some weight so please enlighten me.. *time sensitive

Moussa by Moussa
November 17, 2024
in Bitcoin
0
peer discovery – how to obtain the IP addresses of nodes for mining pools?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


I would like to better understand the Bitcoin Core team’s stance on the principles and evolution of Bitcoin, particularly in relation to Satoshi Nakamoto’s vision as outlined in “Bitcoin: A Peer-to-Peer Electronic Cash System.”

From my understanding, the Core team places a high priority on maintaining Bitcoin’s security, ensuring that any changes align with the ethos of “if it’s not broken, don’t fix it.” There also appears to be a cautious approach to implementing features that could alter Bitcoin’s incentive mechanisms or jeopardize its core integrity. I am also aware of the broad opinions regarding the introduction of smart contracts and other utilities on Bitcoin.

What I am curious about is the team’s perspective on scaling Bitcoin. Is the general opposition to scaling efforts primarily focused on altering Bitcoin itself or impacting its core incentive structures? Or is it more about preserving the fundamental logic and strengths of Bitcoin as we know it today?

For example, if there were a solution that introduced what we might call a Bardo Mitosis Layer for Bitcoin, enabling it to function more as a peer-to-peer cash system—achieving instant finality, censorship resistance, unlimited TPS scaling to demand, and fully trustless operation—would such a solution be supported?

To clarify, this hypothetical solution would not require changes to Bitcoin’s current protocol, nor would it request a BIP, alter Bitcoin’s existing security guarantees, or affect Bitcoin’s incentive mechanisms in any way. It would introduce no additional trust assumptions, no committees, federations, or intermediaries. Instead, it could utilize mechanisms like Hashed Time-Locked Contracts (HTLCs) in a novel way, operating independently at the client level. This approach would remain entirely neutral to Bitcoin’s current transactional structure, ensuring it does not interfere with or modify existing processes.

Such a solution would allow users to seamlessly move between Bitcoin as a store of value and this new layer as a digital cash counterpart, inheriting Bitcoin’s security and censorship resistance. I’ve never heard a clear answer to this question posed in this way: would this type of ideal system, rigorously audited and aligned with Bitcoin’s principles, ever be acceptable to the Core team? Or, to put it bluntly, is such an approach simply never acceptable regardless of its merit?



Source link

Related articles

Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption

Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption

September 9, 2026
Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up – Bitcoin News

Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up – Bitcoin News

September 9, 2026
Share76Tweet47

Related Posts

Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption

Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption

by Moussa
September 9, 2026
0

Burger restaurant franchise Steak ‘n Shake has said that accepting bitcoin payments has helped the company grow.  Writing on its...

Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up – Bitcoin News

Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up – Bitcoin News

by Moussa
September 9, 2026
0

Key TakeawaysMetamask will break from Consensys, with Joe Lubin taking the helm in 2026.Consensys’ $7 billion valuation puts serious weight...

XRP Ripple and the Senate Vote That Could Shape Crypto Market Rules

by Moussa
September 9, 2026
0

The US Senate will hold a cloture vote on September 15 on the Digital Asset Market Clarity Act, or CLARITY...

VerifiedX Launches $15 Million Financing Round

VerifiedX Launches $15 Million Financing Round

by Moussa
September 9, 2026
0

VerifiedX (verifiedx.io), the programmable financial operating system for Bitcoin and intelligent assets, today announced that its Foundation has launched a...

Alby Reveals Critical Hub Vulnerability

Alby Reveals Critical Hub Vulnerability

by Moussa
September 9, 2026
0

Key TakeawaysAlby says Hub v1.7.0-v1.18.5 had a flaw that only hit 1 known user.Lightning Network infrastructure security remains a work...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News