> Most ripple believers thought that central currency was basically antithetical, although one based on unskilled labor hours might be acceptable as fallback.
This stuff always sounded like it came from people who've never hired. Unskilled labor is not all equal.
> Satoshi’s concept was to use hashcash to both secure the ledger and issue currency. This was brilliant but antithetical to the no-currency concept, and re-ignited the debate
Satoshi's most important advancement was in making a currency and using it as its own rate-limiter by paying, in it, to publish.
Bitcoin's weakness is that computation isn't priced in BTC, so scripts had to be nerfed. Vitalik applied Satoshi's rate-limiting solution to computation and Ethereum scripts can now be allowed to grow arbitrarily complex.
This stuff always sounded like it came from people who've never hired. Unskilled labor is not all equal.
> Satoshi’s concept was to use hashcash to both secure the ledger and issue currency. This was brilliant but antithetical to the no-currency concept, and re-ignited the debate
Satoshi's most important advancement was in making a currency and using it as its own rate-limiter by paying, in it, to publish.
Bitcoin's weakness is that computation isn't priced in BTC, so scripts had to be nerfed. Vitalik applied Satoshi's rate-limiting solution to computation and Ethereum scripts can now be allowed to grow arbitrarily complex.