Leave a comment / Author: Zhu Weisha / 29 March, 2023
A series of 36 interviews with Sun TV host Wu Gang, titled "Please welcome Satoshi Nakamoto to the new world"
Wu: Mr. Zhu, this is the last article in the series. In addition to the analysis of whether Satoshi Nakamoto has appeared, I would also like to ask a few questions that users are concerned about.
OK. I can only give a conclusive answer. For more details, please refer to the link below.
Wu: You explained it very well in the last episode. As the number of maintainers decreases, the Bitcoin system becomes centralized. I want to ask an extreme question. What will happen if the last maintainer disappears?
That's a good question. In this way, the Bitcoin system program can never be upgraded. Bitcoin has lost the possibility of improvement forever. Bitcoin has become digital gold that is superior to gold in performance. If the future is dominated by asset currencies, Bitcoin and gold are in a competitive relationship, even though Bitcoin's performance is worse than gold. It's not that a good product will necessarily sell well. Bitcoin also has its own flaws. For example, due to its high price, the number of people who can reach a consensus is not as many as gold. It's hard to say who will win or lose.
Wu: That’s why you want Satoshi to lead the community, to maintain competitiveness.
Right. Currently, the Bitcoin community mechanism is imperfect and users do not have decision-making power. It is not as good as the system of listed companies and must be improved. With the community system, Bitcoin will have one more competitive advantage over gold.
Wu: What is the Bitcoin USD (or HKD) standard?
This is the content of Chapter 13 and Q&A 4.6 of my article, which introduces how to use USD or HKD to achieve Bitcoin standard. You can click the "Expand" link at the bottom of the screen to view it.
Wu: Only Bitcoin can realize the Hal Finney conjecture?
It is not Bitcoin standard, but Bitcoin USD standard or Hong Kong dollar standard. Only in this way can we enter the mainstream financial society as soon as possible. Bitcoin UDAI or HDAI stablecoins can complete the three complete functions of currency. Its value is equal to the value of all industries. In Chapter 13, I drew the Bitcoin price growth forecast curve under the condition of Bitcoin USD standard, which is very attractive. The Hal Finney conjecture is realized in the 17th Bitcoin halving cycle.
Wu: Is there any difference between the Bitcoin standard and the Bitcoin dollar standard?
I have answered this question systematically in the linked Q&A. Simply put, the Bitcoin-dollar standard is the path, or the method, to achieve the Bitcoin standard.
Wu: You also pointed out the shortcomings of blockchain payment in your article. Do you have a solution?
I propose a transparent centralized solution that has the advantages of both Bitcoin and centralization.
Wu: You are a person with rigorous logic. I am looking forward to your plan.
It depends on Satoshi Nakamoto to come out, and my plan is his idea.
Wu: We are back to Satoshi Nakamoto again. Are you so sure that you have found Satoshi Nakamoto?
That's right. Logically, he is not an alien or a fake person. He is a member of the cypherpunk group, so the circle is very small. It is a question of choosing one from several people. Based on the factual portrait, compare several people. Just like the hash algorithm, the calculation is difficult but the verification is simple. To overturn my result, you must first overturn the portrait. The portrait is not a single piece of evidence, but is drawn by analyzing one fact after another. A single piece of evidence cannot explain the problem. For example, can moving a few blocks of Satoshi prove that he is Satoshi Nakamoto? No! This can only prove that someone has the private key of Satoshi Nakamoto, which can be used as evidence that someone is Satoshi Nakamoto. Because Satoshi Nakamoto can give the private key to others without showing up himself, it still needs to be consistent with the portrait. Because the portrait represents the facts and represents the whereabouts of Satoshi Nakamoto. The portrait may be imperfect and it is impossible to summarize all the characteristics of Satoshi Nakamoto. For example, being able to log in to a P2P website to speak is also a characteristic. But the portrait represents the basic characteristics of Satoshi Nakamoto, which is enough to deny a person. Only when the portrait is satisfied, moving blocks and logging in to a P2P website will make sense.
Wu: So you have established the standard for who is Satoshi Nakamoto?
It is not a standard yet, but a necessary condition. But it is not a sufficient and necessary condition. The sufficient and necessary condition is that Satoshi Nakamoto who meets the portrait appears. Then move the block or log in to the P2P website. At this time, moving the block is a verification of the portrait.
Wu: Do you think the time has come for Satoshi Nakamoto to come out?
This is my opinion. If Bitcoin is based on the US dollar standard, the turning point has arrived. Some people say that the US dollar will collapse in 2034 and the world will enter the dark ages. That is only a few years away, so the emergence of Bitcoin is not accidental.
Wu: What are the possibilities for Satoshi Nakamoto to show up?
Okay. Whatever the outcome, from my point of view, we will analyze it from the worst first.
First, they denied my conclusion and clearly stated, "I am not Satoshi Nakamoto," just like they said, "I am not Dorian Nakamoto." They denied that I am Satoshi Nakamoto. I give this a D.
Because the result of the denial means that his Bitcoin cannot be moved in the foreseeable time. Anyone who moves can be judged based on the portrait whether it is Satoshi Nakamoto, and eventually Satoshi Nakamoto can be traced. Unless the Bitcoin standard is realized, there is no need to convert the currency unit, and it cannot be traced. There is a paradox here. If he does not come out, the Bitcoin standard cannot be realized, so the coins in his hands are dead. I gave a challenge in the article, asking David to deny it. Once he denies it, he will lose his identity as the inventor of Bitcoin forever. Satoshi Nakamoto deliberately praised David, so he will not do it.
Second, neither affirm nor deny? I give it a C-.
The problem with this is that it is just like the interview that year. David accepted it. Do you accept it now or not? Not accepting it means that you are guilty. If you accept the interview, now is not the past. Reporters can ask questions based on my portrait. He can't take reporters away. If you don't accept the interview, readers will ask him in the Shaocuo community, Twitter and other places where he appears. I have observed all his words and deeds. They are all vague and keep the bottom line of not lying. He is a person who likes the community. If he is spurned by the community, his image will be ruined and he will lose friends. If David disappears again, it proves that he is Satoshi Nakamoto. This time it is his real name, and people will recognize him wherever he goes. This is also a bad move.
Third, admit it, but do nothing. I give it a C.
If you don’t make a splash, as the market expects, Bitcoin will fall. Because no one knows what you will do. If you have been idle for so many years and have not made any progress, the market will have a negative evaluation.
Fourth, recognize and lead the construction of a new community and practice community civilization. I give B.
Leading community building is good news, and Bitcoin is rising. Just building the community means that David does not agree with my Bitcoin dollar standard plan; or disagrees with my judgment on market timing.
After the United States conquered the world, it faced the problem of how to build a country, just like the current community construction, which the American forefathers argued about for four years. The community autonomy of blockchain has been practiced for 12 years, which is much better than the conditions in Washington back then. Satoshi Nakamoto should have a very good understanding of the community. There must be a good solution. For David, this is a deterministic problem, not difficult, and not challenging enough for him.
But for me, the goal was only half achieved, which is a bit regrettable.
Fifth, leading the construction of a new community and leading the community to strive to achieve Bitcoin standard. I give it an A.
For the relevant plan, viewers can log on to Chainless.hk to read the relevant content. Thus, Satoshi Nakamoto has created an era of asset currency for mankind. People's wealth will no longer be deprived. This is Satoshi Nakamoto's ideal and also a technical problem. It is a challenge for David and all partners in the Bitcoin community.
There is an old Chinese saying that the person who tied the bell must be the one who untied it. Inviting Satoshi Nakamoto to welcome the new era, realizing the Bitcoin USD (or HKD) standard and community civilization will bring Bitcoin into an era of skyrocketing and asset currency.
The community civilization led by Satoshi Nakamoto has set an example for the future of mankind, and every member of the Bitcoin community will be proud to participate in this great movement.
Sixth, go beyond the above ideas. I give it an A+.
This is a benefit that none of us could have imagined, and we are looking forward to it.
Wu: This program ends here. Thank you Mr. Zhu and thank you to the audience for watching.
Thanks.
Original link
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