——Answering the concepts in the article “Invite Satoshi Nakamoto to Welcome the New World”
Zhu Weisha September 7, 2024
The previous discussion introduced the basic concepts and characteristics of Bitcoin. The following discusses the characteristics of the Bitcoin system. Although the initial version of the Bitcoin system has only more than 10,000 lines, the Bitcoin system is profound and represents the advanced ideas and development direction of humanity. For everyone to understand, the technology is involved as little as possible. The concepts starting from this section are not limited to the Bitcoin standard, and the relevant basic concepts of the Bitcoin system and blockchain will be discussed more extensively. This section is all about the centralization of the Bitcoin system, and of course, the level of the Bitcoin system is still the highest. The logic is complete.
The center that the Bitcoin system has not removed
68. There is a center for program maintenance
Wladimir Van Der Laan is the third chief maintainer of the Bitcoin system. He is the center of the Bitcoin system. He retired in August 2022 and did not designate a chief maintainer. It is a group of people who are responsible. Now, there are four programmers who each perform their duties. This group of people is the center. So, decentralization does not remove programmers. Of course, there are more developers than just the Van der Lan team, but their programs account for more than 96% of the market share.
69. Centralized ledger
The account must be recorded on the longest chain. The longest chain is the center. Mathematically speaking, the ledger is not centralized, and the mathematics is not complete. That is, there is no guarantee that there will be no omissions. There are also disputes about this. For example, Bitcoin will have a forked chain when a failure occurs. However, when the failure is eliminated, it is still necessary to return to the principle of the longest chain. Other nodes that do not have the right to record the account will copy the confirmed blocks to their nodes. It is the same reason that cloud backup cannot be considered decentralized. Storage is decentralized, but it does not mean the account is decentralized.
70. There are intermediaries in transaction accounting
Miners are third parties in accounting. If there is a third party, the power of the third party exists. But it is not as powerful as the bank. When the accounting becomes congested, whoever gives more transaction fees will be recorded.
71. The degree of decentralization of the blockchain ledger is different
The Bitcoin system is an intermediary for accounting by the computing power party. The Bitcoin system is a centralized ledger.
We cannot simply regard a project that uses a blockchain ledger as a decentralized project. We need to compare it with the above standards carefully. Centralization and decentralization are not accurate abstractions of the concept of Bitcoin. In Satoshi Nakamoto’s white paper, Wei Dai’s sentence, “The ledger is public,” is the first citation in the white paper. This sentence is an accurate abstraction of the concept of the Bitcoin system. Bitcoin decentralization is the understanding of future generations. Where did you see the statement about the decentralization of the Bitcoin system in Satoshi Nakamoto’s white paper?
Absolute decentralization does not exist.
How can we build a blockchain building if the basic concepts are inaccurate?
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