Exactly 13 years ago, when BTC was at around 7 cents, Satoshi said: ''If you don't believe me or don't get it, I don't have time to try to convince you, sorry''
REMINDER
He said it on July 29, 2010 when replying to a post on Bitcoin Talk forum, and responding to user named ''bytemaster'' who was Dan Larimer, the creator of EOS, Bitshares and Steemit. They were arguing about 10 minute block time being too long etc...
Full quote was:
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate. See the snack machine thread, I outline how a payment processor could verify payments well enough, actually really well (much lower fraud rate than credit cards), in something like 10 seconds or less. If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Exactly 13 years ago, when BTC was at around 7 cents, Satoshi said: ''If you don't believe me or don't get it, I don't have time to try to convince you, sorry'' REMINDER He said it on July 29, 2010 when replying to a post on Bitcoin Talk forum, and responding to user named ''bytemaster'' who was Dan Larimer, the creator of EOS, Bitshares and Steemit. They were arguing about 10 minute block time being too long etc...
Full quote was:
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate. See the snack machine thread, I outline how a payment processor could verify payments well enough, actually really well (much lower fraud rate than credit cards), in something like 10 seconds or less. If you don't believe me or don't get it, I don't have time to try to convince you, sorry.