Trust No One


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Email or Username. Have an account? Sign in. First Name. If Lightning can provide this backbone on the Bitcoin blockchain, then both requirements of ethical Bitcoin are satisfied. Anyone can run a Bitcoin full node, and anyone can do instant transactions on it either with Lightning or a Lightning clone.

Remember; anyone can write a side-chain platform that piggybacks on Bitcoin. It is not the unique and sole reserve of a single company, quite unlike Big Block Bitcoin, where only a handful of companies will have gatekeeper access to all apps and integrations no matter what. Side-chain powered Bitcoin can explode onto the market with the correct PR and partnerships.

It is already well understood how to do promotion, and Whisper Systems have paved some of the perception road in advance. Its now up to software developers to create generalized tools that make adding this feature trivial. There is no reason to believe that the number of full nodes will increase if the block size is large, and it is not hard to understand why. Big Blocks means bigger capital outlays and a steady growth in infrastructure requirements.

If something becomes more expensive to do over time, the number of people able to do it will decrease. Then there is the technical aspect that cannot be overlooked. You can run a full node on commodity software out of the box. Mega nodes will require bespoke configurations that ordinary people simply cannot manage. At a best minimum, it will cause the creation of an out of the box extendible Bitcoin node industry. If it isn't regulated of course, and why shouldn't it be? More people using Bitcoin will not happen because the Block Size is increased.

Getting people to use Bitcoin is a problem of marketing and PR, not technical specification.

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Once again, the number of full nodes is crucial, because the specification is harder to change by force in a vast number of nodes in different jurisdictions. A small number of nodes in a single jurisdiction is the most dangerous scenario of all. Underestimating the creativity of the Statist in its capacity to invent new crimes is a very big mistake, and in the light of BitLicense there is no excuse whatsoever for it.

Once all the parameters involved in Bitcoin clients of all kinds is written down, it will be easy for the next Bin Lasky to write regulations governing every action that a user can make in a client. Centralized Big Block Bitcoin is about removing choice for developers and users. Compromise is very dangerous. It breaks down like this:. Everyone is gate-kept. Other men become the multi billionaire gatekeepers. This is essentially the whole argument. This is a false choice, obviously. If you really believe that your ideas are sound, you would have already gone for a big block fork and would have stopped dealing with Bitcoin.

There is nothing to discuss; the choice is obvious. Brand recognition is irrelevant in any of this. Its obvious that the Lightning approach is the most logical. And of course, the idea that there is only one government and central bank in the world that matters in the 21st century and constantly invoking it is painfully parochial and insular.

Moving the perception of Bitcoin is as important as building the software. The governments are not scrambling to create their own WhatsApp, Twitter or Facebook, despite these services being a clear threat. No one is in charge of the protocol, and it gets stronger by the adoption of new features that are unarguably beneficial.

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Magnet Links, trackerless torrents and all the other innovations in BitTorrent are all perfect examples of what it should look like. It is commonly believed that more people need to be using Bitcoin. It would be great if this were to become the case, but the fact of the matter is that no one cares about Bitcoin; they care about convenience. If the Federal Reserve comes up with a digital currency that gets integrated into Facebook WhatsApp, Twitter and the other social media apps, the billion users of those services will not care that they are not using real Bitcoin.

All they care about is the balance on their screens that means they can go out and spend with their phone.

Very few people who use WhatsApp care that it is now a private system. This indifferent behaviour was completely predictable to anyone who has tried to promote GPG to the ordinary user; they simply do not care about privacy; the tools have to be forced on them. No once cares about fiat money and its built in theft. They care about convenience and nothing more. Bearing this in mind, it is clear that a Lightning powered Bitcoin side-chain on WhatsApp, Facebook, Twitter and the other services is indistinguishable from Bitcoin to the ordinary user. If Lightning can provide this backbone on the Bitcoin blockchain, then both requirements of ethical Bitcoin are satisfied.

Trust no one (Internet security)

Anyone can run a Bitcoin full node, and anyone can do instant transactions on it either with Lightning or a Lightning clone. Remember; anyone can write a side-chain platform that piggybacks on Bitcoin. It is not the unique and sole reserve of a single company, quite unlike Big Block Bitcoin, where only a handful of companies will have gatekeeper access to all apps and integrations no matter what.


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Side-chain powered Bitcoin can explode onto the market with the correct PR and partnerships. It is already well understood how to do promotion, and Whisper Systems have paved some of the perception road in advance. Its now up to software developers to create generalized tools that make adding this feature trivial. There is no reason to believe that the number of full nodes will increase if the block size is large, and it is not hard to understand why. Big Blocks means bigger capital outlays and a steady growth in infrastructure requirements. If something becomes more expensive to do over time, the number of people able to do it will decrease.

Then there is the technical aspect that cannot be overlooked. You can run a full node on commodity software out of the box. Mega nodes will require bespoke configurations that ordinary people simply cannot manage.

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