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IFP will kill the creativity, devotion as well as the productivity.

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Written by   349
1 month ago

Satoshi Nakamoto was not good at many things. He was not good at programming or cryptography, but one thing we all are sure about, he is a Great Problem Solver.

With his creativity, he gave the solution for the world's biggest problem, sooner or later a large number of the world's population will adopt it as their solution for eliminating the third party and controlling their own money.

As what @RogerVer said, "Bitcoin is the most important invention in the history of the world since the Internet."

After the fork, I always believed that BCH will be the true version of Satoshi no matter what other Leaders say about him. Hence, no one can deny the truth that because of him, all of us are here as a community, no matter which cryptocurrency you support, it was all started with Satoshi's white paper.

Satoshi foresees the 1mb block problem and we got a word from him after he decided to limit the block size to 1 mb from free size. He said it twice that block size can be changed later if it is needed.

“We can phase in a change later if we get closer to needing it.”

He also said once,

“It can be phased in, like:

if (block number > 115000)

max blocksize = larger limit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.”

I always wonder with all this IFP drama; why Satoshi could not foresee a thing like IFP coming in near future not even in 2010 when BTC started to gain momentum. Why he favored Miners and left Developers who are the core of operation with nothing? And then, it hit me that if something like IFP was implemented on Blockchain, giving a share from every block to Developers, it would be a big loss to cause. It would kill the creativity, devotion as well as the productivity.

We also need to understand the difference between Miners and Devs. Miners are the business side of cryptos. They put their hash power to any network for profit. They have less to do with an ideology or creativeness than Devs. For better understanding, we need to look back at what happened to the fork in 2017, if there was IFP protocol implemented on BTC blockchain and great minds who were responsible for managing network were the part of a Top node, and that node was able to get a good amount of share from every block, then despite of many Devs supporting it, they would not raise their voices for it, because at this scenario, doing that move will only meant leaving a great income stream for an ideology. Fork will not happen only if IFP protocol was implemented.

In my own experience, once a human mind is polluted with greed, it will kill one's creativity. And fork would never have happened successfully like it is now. Try to apply this on dozens changes in past and you will realize that because of this single thing IFP which a lot of people considered as the right thing to do, this would only corrupt the whole network, as well as the Race of to be a top node, would be politicized and it will turn the whole system as corrupted.

We need to understand that Devs are the new generation of artist and artist is a free bird. If there would be something like IFP and a powerful node would be getting more share from it than one in many scenarios, A new and fresh Dev with a great idea, protocol or solution would never get support from the community, Rather he would be redirected to a powerful node that, “XYZ Node is getting a fair share from every block, you should contact them and they will support you."

What would you think about how things will work out?

For me, this is like centralization. Monopoly would be started only powerful node now have the power to decide what to do and what not to do. There would be a constant war between the most powerful node and second powerful node.

All dirty politics will be out for controlling the “Decentralized Currency”. New and fresh-minded Artistic Devs will be getting better and better offers from competing nodes, To follow the command and That would be End of the "Satoshi Revolution."

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Written by   349
1 month ago
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Comments

Very interesting article, informative and clean. Hope to see more article like this.

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1 week ago

👍👍👍

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1 month ago

Wow thanks for this article

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1 month ago

Great article

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1 month ago

Thank you brother, I have learned a lot from this article. I had no idea about this before.

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1 month ago

Well done.

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User's avatar Yen
1 month ago

nice! Gooc job. I'm not into this knd of articles but you write it interestingly. Thanks!

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1 month ago

Great article Bro, really helpful

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1 month ago

This quote in your article "once a human mind is polluted with greed, it will kill one's creativity" yeah, it's true human tend to keep pulling others whenever they see success in their work. I hope this attitude would stop and just teamwork. By the way nice article. I learned about satoshi.

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1 month ago

Well said.

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1 month ago

A good story of success and inspiration 👍👍👍

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1 month ago

The article was nice

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1 week ago

Definitely true

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1 month ago

"...if something like IFP was implemented on Blockchain, giving a share from every block to Developers, it would be a big loss to cause. It would kill the creativity, devotion as well as the productivity."

Total BS. This is a big part of the core of the anti-developer-funding movement and it is, in my opinion, BS. A good IFP will allow miners or their representatives to defund any developers that "go bad" like the anti-group is claiming/implying will CERTAINLY happen. This is just more BS anti-BCH attacks and/or good people falling for false logic arguments.

$ 0.05
1 month ago

this article give a lot of information to us. it will give knowledge to every reader

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1 month ago

Thank to Satoshi Nakamoto who make this #Bitcoin possible. Such a Genius. But untill now He is still a mystery that will pay more just to uncover his identity. But who ever he is. I hope He is safe and sound. Kudos to sir ralak such a nice article again.

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1 month ago

It was so inspirational

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1 month ago

Thank you for creating this article. It gives us a lot of information and interesting that has leading discussions about Satoshi Nakamoto. I've learned about everything in here ❤️

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1 month ago

I am not a pro but I have to read more Articles like this to learn. Thank you sir.

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1 month ago

I love your works. I'm amazed. Keep writing💕

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1 month ago

I'm glad i could read this.

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1 week ago

Good research work

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1 month ago