Nowhere in the whitepaper Satoshi mentioned anything about efficiency - except maybe the use of Merkle Tree as an *efficient data structure*. It’s a bit disingenuous to paraphrase Satoshi and says he wanted to build an *efficient payment system*.
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The main theme of the paper, if you read it carefully, is the *removal of trusted third parties* from the system. That is the whole point. Never efficiency.
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So youre saying the revolutionary thing about bitcoin is that it finally solved the problem of inneficient secure payments. Please come back down to earth. "Peer to peer electronic cash". Period. Doesnt get any more efficient than that.
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No, what it solved was the byzantine generals problem using game theory + computationally expensive cryptography - this made peer to peer payments possible.
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I was being facetious. Obv is meant to be efficient peer to peer electronic cash.
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Oh, thought you were just ignorant. Trustless peer to peer electronic cash will never be efficient because of the requirement of byzantine tolerance and proof of work required to secure it.
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Ok. Lets agree to disagree.
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Efficiency was never the point. Bitcoin specifically sacrificed all manners of efficiency in order to provide something useful. In fact, Bitcoin *must be inefficient* for its properties to hold. (Doesn’t mean there aren’t room for improvements but you get the point.)