The White Paper does not describe:
“a low-throughput settlement asset for custodial second layers.”
It describes peer-to-peer electronic cash.
Written by S. Tominaga
Censorship Resistance (n.) - The proud boast of a system that can freeze transactions by design, provided the committee approves. Like claiming one's door is impregnable while leaving the key under the mat.
Excerpt From
Bitcoin Dictionary
S. Tominaga
Bitcoin was designed to be cash: used, spent, earned, and transmitted.
It was not designed as a shrine where fools throw in their entire net worth and pray that the number goes up.
That is not economics. That is cargo-cult gambling with a ticker symbol.
Written by S. Tominaga
I do wonder how many of the BTC faithful understand the small, embarrassing detail that Lightning does not escape block-size constraints. It merely hides them behind a more theatrical curtain.
Written by S. Tominaga
A system that scales does not need to batch as apology. It clears. It settles. It treats small payments not as a disease to be quarantined offchain, but as the entire point of the design.
Written by S. Tominaga
The digital cash system is not a slogan. It is not a fashion accessory for exchanges. It is not a casino chip for men with podcasts and no technical competence. It is infrastructure. It is machinery. It is an economic weapon against unnecessary friction.
Written by S. Tominaga
Decentralization is not a committee. It is not a GitHub gatekeeping exercise. It is not a group of self-appointed custodians deciding what is and isn’t allowed this week.
Written by S. Tominaga
BSV is Bitcoin. It is not BTC wrapped in layers, patched, abstracted, or distorted into something unrecognisable. It is the system as designed—a direct, uncompromising mechanism for exchange.
Written by S. Tominaga
Thank you, COPA.
You thought you were ending something. What you actually did was remove the last pressure point.
My greatest failure, as you would call it, is the thing that made that possible.
Enjoy the outcome.
Written by S. Tominaga
A decentralized protocol is fixed. It does not need governance because it does not need to be changed. People build on top of it. They compete. They innovate within constraints.
Written by S. Tominaga
Bitcoin was designed to eliminate influence. Its rules prevent committees, panels of experts, and aspiring architects from reshaping the system to suit their preferences. It remains indifferent to status, opinion, and ambition.
Written by S. Tominaga
No matter how clever your idea is, no matter how elegant your patch looks, no matter how loudly you insist it “improves” things, it will never be better than a stable protocol that people can rely on.
Written by S. Tominaga