16-11 Wei Dai can make decisions for Satoshi Nakamoto

Wu: Satoshi Nakamoto is gone; how can Wei Dai make decisions for him?

There are many such examples; I will give one. The purpose of developing Bitcoin is a matter of great concern to the Bitcoin community. Someone asked Wei Dai in the “LessWrong” forum, and Wei Dai answered for Satoshi Nakamoto.

Wu: Satoshi Nakamoto made the purpose of developing Bitcoin clear in the first release of the version, and Wei Dai can see it. It is normal to have an understanding.

Yes, you are right. See how I analyze and crack.

We have discussed this issue many times; what is the purpose of developing Bitcoin? In the first release of the version, Satoshi Nakamoto talked about three points. Central bank currency depreciation, commercial bank bubble lending, and micropayments. See reference (1) for the original text. The essential is that Wei Dai has accurately understood these three points. Wei Dai believes that Satoshi Nakamoto’s original intention is:

“I think he might have been motivated more by a distrust of financial institutions and government monetary authorities and wanted to create a monetary system that didn’t have to depend on such trust.” (2)

It can be seen that Wei Dai grasped Bitcoin’s characteristics at once, a currency system that does not need to trust the currency custodian. Experts will know if there is one as soon as they make a move. In one sentence, it like the height of Satoshi Nakamoto. As we said earlier, Bitcoin has no theoretical system, and it is necessary to popularize Bitcoin knowledge; who will do it? Of course, only Satoshi Nakamoto is the most suitable explanation. Wei Dai at “lessWrong” is equivalent to continuing customer service. It is not program customer service because the project is successful, program customer service is no longer needed, and “ideological customer service” is a gap. He is an authority on bitcoin interpretation in the “lesswrong” community. That’s why Gwen thinks he is Satoshi Nakamoto. I feel the same way. Comparing the remarks of Nick, Hal Finney, and Adam Back, only Wei Dai is in customer service and provides comprehensive services.

The status of Bitcoin and its issuance system are established and successful, laying the foundation for the Bitcoin Standard. But the realization of the goal of the Bitcoin system as a new currency system is not just a technical issue. It is an ambitious goal, a goal full of difficulties, and a goal that requires bearing blame and a heavy burden. However, if you are not careful, you will get into it. Wei Dai described the mentality and ideals of Satoshi Nakamoto.

“I think he is not motivated mainly to personally make money, but to change the world and to solve an interesting technical problem. Otherwise he would have sold at least some of his mined Bitcoins in order to spend or to diversify into other investments.” (3)

I agree entirely with what Wei Dai said; he spoke from Satoshi Nakamoto’s heart. The question is, how does Wei Dai know that Satoshi Nakamoto’s “not motivated mainly to personally make money, but to change the world”? The question is, how did Wei Dai Where seeing Satoshi Nakamoto say such things?

Wu: There is nothing wrong with the words, but you have a sharp focus.

Yes, Satoshi Nakamoto is a transparent person from different ways of thinking and angles. Strong encryption to transform the world is the purpose of the cypherpunk community. Wei Dai denies that Satoshi Nakamoto is a cypherpunk. How does he know that Satoshi Nakamoto knows the meaning of cypherpunk? Wei Dai is a cypherpunk; of course, he knows. Wei Dai spoke out thought. But Wei Dai said it, that was Satoshi Nakamoto said, because he is Satoshi Nakamoto, and he is making decisions for Satoshi Nakamoto.

Wei Dai’s explanation below is still making decisions for Satoshi Nakamoto: “Otherwise he would have sold at least some of his mined Bitcoins in order to spend or to diversify into other investments.” This sentence does not constitute a convincing reason for the previous sentence, “change the world.” So it makes sense not to sell it in order to change the world. But there are many reasons for not selling, not necessarily changing the world; how did Wei Dai know that Satoshi Nakamoto did not sell because of changing the world? Did he ask Satoshi Nakamoto? For example, if you don’t sell chips in the stock market because you haven’t reached the top, how many years has Buffett held Coca-Cola?

In addition, the sentence “Otherwise he would have sold at least some of his mined Bitcoins to spend or diversify into other investments” has a second question. How does Wei Dai know that the money sold by Satoshi Nakamoto is used for consumption or investment? There are many uses for money, For example, charity. meaning Wei Dai can also make decisions for money for Satoshi Nakamoto.

Wu: You are picking on hair.

Deep thinking is just that. Common sense analysis can be replaced by ChatGPT. Here is an example. In fact, Wei Dai brought himself into Satoshi Nakamoto in order to popularize Bitcoin, and his role was confused. As a role-playing role, Satoshi Nakamoto did an excellent job because it is difficult to seize the handle. Wei Dai is different, and there are a lot of mistakes. I only selected the most important words about Bitcoin for analysis, and I couldn’t finish the relevant contradictions, because I haven’t read Wei Dai’s all posts. Interested readers can follow this line of thought to find more discoveries.

But this sentence at least explains one problem. As long as Bitcoin is used to transform the world, it is in line with Satoshi Nakamoto’s thinking, and we are all in the same direction.

Wu: You are popularizing the value of Bitcoin by analyzing problems.

You’re right. The idea of popularizing Bitcoin is to popularize future civilization, and I will do my part. Let’s continue to analyze Wei Dai’s authoritative explanation of Bitcoin’s success to see the contradictions. Wei Dai spoke very well, and I can understand bitcoin to the present level thanks to his popularity.

Reference

  1. P2P Foundation

Bitcoin open source implementation of P2P currency

2009-02-11

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

2. Wei_Dai March 16,2014

https://www.lesswrong.com/

I think he might have been motivated more by a distrust of financial institutions and government monetary authorities and wanted to create a monetary system that didn’t have to depend on such trust.

3. Wei Dai March 16,2014

https://www.lesswrong.com/

because I think he is not motivated mainly to personally make money, but to change the world and to solve an interesting technical problem. Otherwise he would have sold at least some of his mined Bitcoins in order to spend or to diversify into other investments.

in China link

Here is our article link: https://chainless.hk/

worldwide

Chinese link:

https://www.bitpush.news/articles/tag/%E8%AF%B7%E5%87%BA%E4%B8%AD%E6%9C%AC%E8%81%AA

English link: https://en.bitpush.news/?s=Weisha+Zhu

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