YouSaid · the spoken record

Phil Champagne

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61
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2022-09-07
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2022-09-07
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  1. “just a few months before he left yeah yeah it is mostly in the latter in the last six months is where we see a lot of samples of his foresight because things are starting to be much more mature in bitcoin at that time it was non-like the very first six months of very first year the conversation mostly about hiccups and or conversation about the expanding the throughput or what will be what will be the situation one day regarding the throughput and all that and while in the last six month or a couple of things like concept like this that were more starting to be dominant because now we're talking to okay now we've resolved all those little hiccups in some way for you know the conversation about the software making sure it's stable and all that they can afford to spend some time into philosophically”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. “The side version of thing with the same blockchain, with its own little tokens for this very specific, but the core. Saving platform will still be Bitcoin.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. “One of the two will be the dominant one and the other will be subject to 51% attack if a few miners just jump on it and then moves things around. And so there will be more of a danger. I mean, you've got this problem with Bitcoin gold or whatever. It takes two weeks of transaction confirmation before in certain places exchange will accept a withdrawal, that kind of thing. That's what I heard anyway. So it shows you the danger of a weak proof of work. And so he understood that what would be best is if there was some sort of a way of combining both of them so that the miners will be able to mine both together or in some way there will be some sort of a soft fork or fork. I'm not sure exactly how the details, but he talks about that. And so he understood exactly the challenge, but it didn't sound like what we will call a Bitcoin maximalist because neo is considered.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. “So basically, I mean, there was already the concept of a starting, well, there was something eventually that came up. It was called Namecoin. But it was, I can't remember if DNS was how much traction there was with that, but it's basically Namecoin was eventually what became of it, is to record domain name using the blockchain. And you record, you buy, and then it will make a record. Basically, it'll be a special transaction, a recorded domain name with IP address and so on. So therefore, completely decentralizing those things. Obviously, you've got that with those small contracts on Ethereum and all that. But at that time, you could have that with, well, the DNS. He didn't want to alter Bitcoin for that, but you understood that with proof of work, if you had two competing currencies using proof of work, one will be having”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  5. “Not even in the front seat or in the Thinking on a whiteboard of anywhere regarding the Bitcoin conversation at the time of Satushi. So to think about what you would think at that time without all these notions of major discoveries that we have is missing the point. Although the book is called The Book of Satushi, he's not a God or, I mean, I couldn't escape naming and calling it this week. It's almost like the nerds equivalent of a religion, you know. He saves us, central bankers, and then he goes away. And now you have got that religion that ticks in, you know, and so, yeah.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  6. “The other thing obviously is private email exchange. I wish I had been in contact, for example, with others that came up and claim that they did have conversation and those things. But at that time there was not that much controversy. And it would have, you know, there was no Bitcoin cash. Bitcoin, anything where they could push for Bitcoin cash versus Bitcoin, the traditional Bitcoin that we know. If there's any kind of post email exchange, private email exchange with Satushi regarding this already gets into a controversy where these really, really email from Satushi or whatever. I mean, it's not that much as important as people think in the sense that he's not here anymore. And obviously all the changes that happen, you think about Lightning Network, you think of what's coming up with the coin pool, which is going to be even better than Lightning Network. So you've got those things.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  7. “In terms of all these posts, almost I skipped a few that was just released, Bitcoin release zero one something. There were too many of them. I mean too many, but I mean a few of them where there's just that stand on. I could have included those, but I wanted to, or I could, you know, it would have been a little bit redundant. And so I didn't want to extend. But that's the only exception for in terms of blog posts.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  8. “And I could see that the impact from an historical perspective was amazing that eventually everybody will be interested to learn more about this guy and who created it. The more this get mainstream, the more interesting. And just like we're interested about knowing about Ford Model T and that kind of, or the Wright brothers and that kind of thing. This is the only thing that we really have about him.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  9. “That is the only thing that came up. And already there was a controversy. Is it really him or is email account got? I mean, it was so funny to see already there was some sort of controversy about if it was really him after pausing for two years. So imagine if it was just a little bit of a controversy with an email that is existing. And then you've got this guy, Craig Wright. comes up and it offers nothing at all in terms of proof you know so it's but the controversies that dial at 12 now you know because the more time passes the more proof someone who's going to come up and make that claim really is going to have to come up with some strong claim at this point i mean i don't see how this will ever happen i mean it's pretty clear that his intention was to get out and by making this a really decentralized ownership of bitcoin”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  10. “Make central banking out of completely out of business. But considering that he left, and I could see that eventually it was still early, but I could see 10 years down the line, which happens to be this decade. It'll be history. It'll be now, I mean, this will be the only thing that we have of this, because I could foresee that, okay, I guess the US involved at all in 2014 is when the book came out and he didn't come up except for at the moment I was going into the editorial process. I am not Dorian Satushi Dorian Nakamoto.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  11. “So I learned about Bitcoin in 2012 and somewhere around 2013 I wanted to dig deeper. At some point in late 2012, I can't remember in 2012, I decided to read the white paper, go a little bit more in depth. And after that, I wanted to learn a little bit more about Satushi Nakamoto himself. And so I started reading a little bit of the blog post here, the post that he's done, and so on. And it really struck me that this is an amazing discovery. And the fact that this guy left after two years, you know, and nobody knows where he is, just imagine if Linda Storvalds, for example, who created Linux kernel, was an anonymous person. We don't know really, you know, it'll be not as impactful because Linux kernel is still amazing, but not as impactful as something that can revolutionize.”

    2022-09-07 · We Study Billionaires · BTC094: The Book of Satoshi w/ Phil Champagne (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT