https://bitcointalk.org/index.php?topic=195.msg1611#msg1611
People notice the part in this quote where it says the bitcoin is set in stone. This of course precludes bitcoin from being anything like BTC.
However, there is a more important part of this quote that people overlook.
"The receiver of a payment does a template match on the script."
Alice sends a transaction to Bob who settles it on the node network to check for double spending. The node network acts as a paid observer system. If you look at that part of the quote, you see that they design of bitcoin is such that the recipient is not the node. Alice and Bob send directly and that is the definition of peer-to-peer or decentralisation. If Alice sends to a node network and Bob has the search for it, it is not a peer-to-peer system. If Alice sends to the node network and Bob has to search for the transaction, it is not decentralised.
Templates by definition form what we would call a layer two solution. A template created using bitcoin script is the only form of layer 2 solution.
CSW
Jul 9, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1657360544841739?thread_ts=1657360544.841739&cid=C5131HKFX
https://t.me/CSW_Slack/4758
People notice the part in this quote where it says the bitcoin is set in stone. This of course precludes bitcoin from being anything like BTC.
However, there is a more important part of this quote that people overlook.
"The receiver of a payment does a template match on the script."
Alice sends a transaction to Bob who settles it on the node network to check for double spending. The node network acts as a paid observer system. If you look at that part of the quote, you see that they design of bitcoin is such that the recipient is not the node. Alice and Bob send directly and that is the definition of peer-to-peer or decentralisation. If Alice sends to a node network and Bob has the search for it, it is not a peer-to-peer system. If Alice sends to the node network and Bob has to search for the transaction, it is not decentralised.
Templates by definition form what we would call a layer two solution. A template created using bitcoin script is the only form of layer 2 solution.
CSW
Jul 9, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1657360544841739?thread_ts=1657360544.841739&cid=C5131HKFX
https://t.me/CSW_Slack/4758
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