The comment by Paul Sztorc rests on multiple logical fallacies that cloud the actual debate regarding self-custody and Bitcoin’s architecture. To begin with, the "blocksize war" was never about full nodes but about the technical design of the system, primarily how transactions could be efficiently propagated and processed on-chain.
It is absurd to equate full nodes with self-custody because the truth of the matter lies in understanding SPV (Simple Payment Verification), not in running full nodes.
Those who champion full nodes for custody are either deliberately dishonest or fundamentally ignorant. Self-custody is accomplished through SPV, where the user verifies transactions directly with miners without relying on bloated nodes, which become inefficient as the network grows.
Full nodes are UTTERLY redundant for users who wish to manage their own assets; they merely replicate data rather than validating blocks. The only function of importance in Bitcoin is block creation, a role that belongs exclusively to miners.
By asserting that larger blocks threaten self-custody, the argument descends into a glaring straw man fallacy. The actual threat to self-custody is not larger blocks but rather a deliberate misunderstanding of what Bitcoin’s architecture was designed to achieve.
The original design promoted scaling to accommodate millions of transactions on-chain, through which self-custody remains intact via SPV.
Sztorc's mischaracterisation of Michael Saylor’s position similarly rests on a false dichotomy: the idea that any support for larger blocks automatically means a compromise of security and self-sovereignty. This ignores that SPV allows for complete verification without the need for full nodes, rendering the argument irrelevant.
Furthermore, the claim that BSV proponents "trust" third-party custody is an outright misrepresentation, as BSV focuses on maintaining a transparent, scalable, and verifiable system without burdening users with the inefficiencies of full nodes.
Sztorc’s commentary reflects either a lack of understanding of Bitcoin’s original privacy and custody model or a deliberate obfuscation of the facts.
• • •
S. Tominaga AKA CSW
Oct 23, 2024
https://threadreaderapp.com/thread/1849037725464432763.html
https://t.me/S_Tominaga/1635
It is absurd to equate full nodes with self-custody because the truth of the matter lies in understanding SPV (Simple Payment Verification), not in running full nodes.
Those who champion full nodes for custody are either deliberately dishonest or fundamentally ignorant. Self-custody is accomplished through SPV, where the user verifies transactions directly with miners without relying on bloated nodes, which become inefficient as the network grows.
Full nodes are UTTERLY redundant for users who wish to manage their own assets; they merely replicate data rather than validating blocks. The only function of importance in Bitcoin is block creation, a role that belongs exclusively to miners.
By asserting that larger blocks threaten self-custody, the argument descends into a glaring straw man fallacy. The actual threat to self-custody is not larger blocks but rather a deliberate misunderstanding of what Bitcoin’s architecture was designed to achieve.
The original design promoted scaling to accommodate millions of transactions on-chain, through which self-custody remains intact via SPV.
Sztorc's mischaracterisation of Michael Saylor’s position similarly rests on a false dichotomy: the idea that any support for larger blocks automatically means a compromise of security and self-sovereignty. This ignores that SPV allows for complete verification without the need for full nodes, rendering the argument irrelevant.
Furthermore, the claim that BSV proponents "trust" third-party custody is an outright misrepresentation, as BSV focuses on maintaining a transparent, scalable, and verifiable system without burdening users with the inefficiencies of full nodes.
Sztorc’s commentary reflects either a lack of understanding of Bitcoin’s original privacy and custody model or a deliberate obfuscation of the facts.
• • •
S. Tominaga AKA CSW
Oct 23, 2024
https://threadreaderapp.com/thread/1849037725464432763.html
https://t.me/S_Tominaga/1635
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