HNHacker News
TopNewBestAskShowJobs

DavidShares

6 karma · joined July 14, 2011

submissionscomments
DavidShares··on Blockstream Satellite API: Pay with BTC via Lightning to Broadcast Data Globally
Quote from Jeff Garzik about the Blockstream satellite:

> It’s cheap to write a check to another satellite provider to do a broadcast for you. It’s a centralized data service, with a centralized [satellite] provider, and carries plenty of shutdown and censorship risk.

> It’s also a great way to centralize everybody on Blockstream’s version of the blockchain, as it appears that Blockstream are the only ones transmitting (uplinking) to the satellite.

Why is Blockstream being disingenuous about their satellite service promoting it as a path to decentralization when in reality it’s a centralized chokepoint?

Also, why is Blockstream actively destroying BTC’s value proposition by turning BTC into a settlement layer for the Lightning Network?

DavidShares··on Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf]
OP should probably link to another source for the original Bitcoin white paper, for example https://bitcoin.com/bitcoin.pdf

The reason being is that the owners of Bitcoin.org are actively trying to rewrite the white paper even against the larger community’s wishes. I believe sometime in the near future the owners will go ahead with their plans anyways as they seem to do that when it comes to other issues too.

Ref:

https://github.com/bitcoin-dot-org/bitcoin.org/issues/1904#i...

https://github.com/bitcoin-dot-org/bitcoin.org/issues/1325