V Divine CV of the Last Decade: The New Concept of Bitcoin, BCH and L2

Editor's Note:

Just today, V God revealed something that has been said and done over the past ten years via Twitter, giving new insight into these products related to Bitcoin, BCH, POW, POS, sharding, altcoins, Stabilitycoins and many more. other points. .

For educational purposes, the authors edit the content of Twitter as soon as possible. Due to the short time, some details may be different. Please correct.

1. In 2013, I wrote an article "How Bitcoin Can Help Iran and Argentina". Key points: The main advantage of Bitcoin is not the "21 million limit", but international resistance and censorship. Predict a stable outcome.

I went to Argentina last week. My decision is true. Although the adoption of cryptocurrencies is high, the adoption of fixed currency is also high, so many companies have exploited the USDT. Of course, that can all change when the dollar itself starts to struggle.

2. Publish an article on the emergence of “controlled” Bitcoin services in 2013. Key point: Bitcoin censorship refuses to be achieved through the use of technology, not because it falls under the news category laws.

My advice today: Of course, the Bitcoin classification can be “used” in a regulated environment, but it cannot be “thrown away”. A good anti-censorship strategy requires a combination of stable work and civil law.

3. In 2015, we predicted when PoS and sharding would become a reality. To be honest, this is wrong and deserves criticism. To make everyone laugh more easily, please share a screenshot of your post in 2015:

What is an error message? In my opinion, you guessed the difficulty of installing software. Today, the Ethereum research team is paying more and more attention to unreliable performance, whether it is the simplicity of the final design or the ease of use. Dankrad's latest sharding design fits this spirit very well.

4. “The value of each Internet of Funds transaction must not exceed 5 cents. This is our goal for 2017.This is always the goal and I spend a lot of time looking for the potential because it always follows my opinion 100%.

5. Another is that the main meaning of sharding remains the same.

Blockchain 1.0: There is consensus on every aspect of the download block.

BitTorrent: Each of these extracts only a few, but no recommendations.

Best thing: performance is similar to BitTorrent, but better than blockchain

The main support tools come from the community, ZK-SNARK and the data contained in the models.

6. In 2012, I was a supporter of prisoners of war. Fortunately, in 2013, I was crazy about POS. In 2014, I changed my mind.

This reflects a change in my general outlook. By "X is what I need to protect, anything that helps X should be" for "I like X, but X has a negative and Y seems to fix it. Now it supports XY." .

Scout Spirit -> Scout Spirit.

7. In 2014, we published an article about auto contract conclusion. Always try to prove that it is good to make the whole community more prosperous, and we should be happy.

Completed research has shown me the limits of my desires.The problem with putting everything together in one rule is that almost any rule with two or more players can conflict.

8. I was very fond of altcoins before they became popular. See my article published in September 2013 (two months before the birth of Ethereum). Three main points:

(i) Optimization of the differential chain for different purposes

(ii) the cost of having multiple channels is lower;

(iii) If the key improvement team makes a mistake, the outside must be strong.

Am I still okay?

The above measurements are not as important as they are today. Because (i) the chains are larger, (ii) the utilization is greater, resulting in higher risk crosses, and (iii) increased efficiency of L2.

Still, there are things that cannot be done in L2s, and I think there is room for other L1s.

9. I have a special agreement regarding Bitcoin Cash. Because in this great war, I agree with the big supporters rather than the small supporters.

Today I think BCH is a loser. My theme is:A company created in a rebellious environment often suffers for a long time because, for good reason, they unite forces of incompetence and resistance rather than integration.

10. 2016-2017 publications supporting Uniswap submissions by default.

"Do something simple and silly, even if it's not good." Although this is a current concept, it took a long time to find a basis for the design of POS and sharding.

11. Applications required in the free Ethereum document:

* ERC 20 model token

* Algorithmic stability

* Domain name system (eg ENS)

* Distribute records and count

* Dao

* Wallet with withdrawal restriction

* to believe

Our bots are tired. Please try later.

While support for data archiving has not yet been achieved, many of the above assumptions are true (initial DeFi estimate). Of course, NFT ignores this completely.

What I would like to point out is that the biggest problem missing in development is the issue of collisions in the management of DAOs.

12. Published an article on stablecoins in 2014. Most banknotes do not go through oracles and try to use value-based blockchain data.

I am more pessimistic about this. You need an oracle, especially because of the PoS transition. Tighter controls need to be in place to stabilize inflation (in this case, by switching to its own local CPI).

Therefore:

* Back then, thinking about politics and large people's organizations was a very simple, design-driven misconception ... Now I know.

* I have a good idea to avoid the craziest bitcoin maximization ideas early on. There were a few bugs at the start, but they were fixed quickly.

* Just because X is wrong does not mean that the attack on X will be okay. This will face other challenges in the organization.

* Technically, problem-solving techniques are more precise than software development. You will have to learn to understand the end of time.

* We now know more deeply that what we want is easier than we think.