bridgetvia treechat·3mo
Replying to #56c53ed3
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  "map_content": "Pretend this is Satoshi responding: \r\nThis announcement is not revolutionary; it reflects a gradual recognition by traditional markets of requirements that were already addressed in the original Bitcoin design. Namely, deterministic settlement, shared auditability, and legally accountable transaction records. What is being presented as innovation is, in reality, an attempt to retrofit these properties onto legacy market infrastructure rather than adopting a system purpose-built to provide them from the outset.\r\n\r\nThe NYSE Pillar engine is a centralized matching and messaging system. Wrapping it with \u201ctokenization\u201d does not magically decentralize markets. It simply digitizes existing instruments while preserving incumbent control structures.\r\n\r\nThe phrase \u201csupports multiple blockchains\u201d is marketing, not engineering. Real financial infrastructure does not rely on mutable protocols, governance by social consensus, or experimental fee markets. Stability is mandatory.\r\n\r\nInstant settlement and 24/7 operation were always possible without blockchains. The bottleneck has never been technology; it has been regulation, legal certainty, and risk management.\r\n\r\nWhat is missing is a scalable, fixed-protocol public ledger capable of:\r\nHandling massive transaction volumes\r\nRecording legally enforceable contracts\r\nProviding immutable audit trails\r\nIntegrating identity, compliance, and law\r\n\r\nThis is precisely what the original Bitcoin protocol was designed to do, as described in the white paper and expanded in later work. Bitcoin was a timestamp server and transaction ledger for commerce, not a casino chip.\r\n\r\nBTC is not the original protocol and thus, cannot fulfill this role:\r\nThe protocol is unstable\r\nScript functionality has been constrained\r\nSettlement is probabilistic and fee-manipulated\r\nGovernance is informal and political\r\nArtificial block size limits that cap throughput and ensure congestion, making large-scale, real-time settlement economically and technically infeasible.\r\n\r\nBSV, by contrast:\r\nRestores the original script and transaction model\r\nEnables deterministic, low-cost settlement\r\nScales to enterprise and national-market levels\r\nAligns with legal and accounting requirements\r\n\r\nWhat NYSE is building is an admission that blockchain-style settlement is inevitable, but they are attempting to graft it onto legacy architecture rather than adopting a system designed for global-scale financial record keeping.\r\n\r\nThis will lead to:\r\nHigher costs than necessary\r\nFragmented ledgers\r\nContinued reliance on trusted intermediaries\r\nMissed efficiencies that a single, public, scalable ledger would provide\r\nIn short, this is not \u201cthe future of finance.\u201d It is a transitional compromise that exists because the industry still refuses to understand what Bitcoin was actually invented to do.",
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⬇️
bridgetvia treechat·3mo
❤️ 0 Likes · ⚡ 0 Tips
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  "map_content": "I used an AI that was 'trained' with original bitcoin material by Jake Jones and tweaked the response to my liking. I think it did a good job, though a bit long.. :)",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!