1/ I follow Bitcoin like some people follow Nascar crashes. Some quick thoughts in tweetstorm format:
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10/ Bitcoin's disaster recovery plan is a) get a cabal of people together in IRC, b) shut down the entire payment network, c) sort things.
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11/ No, seriously, the decentralized nobody-needs-to-trust-anybody payments network *was shut down by an IRC channel's consensus* for 8 hrs.
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@patio11 Similar to how Ruby is specified, then? :)Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 The behavior is the protocol. Been noted for years by the entire core developer set.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 that isn't news - bitcoin paper makes 0 references to word protocol nor does anybody claim bitcoin is a protocol.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Sigh. Communication between the nodes are mostly transactions. Not hard to define how the should look to be valid. /cc@gclaramuntThanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 this is a good point that@hashingitcom independently brought to my attention a couple months ago, challenge 4 distributed scalingThanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 First sentence of 9 is wrong Patric. Great analysis, congratulations.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Actually, there are at least 3 alternate implementations of the bitcoin protocol: btcd (go), libbitcoin (c++), and bitcoinj (java)Thanks. Twitter will use this to make your timeline better. UndoUndo
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