Referring to this tweet: https://twitter.com/falkvinge/status/909878234443116544
Let me quote the Bitcoin whitepaper: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" … "but the main benefits are lost if a trusted third party is still required".
Rick: How could this be achieved without me running my own node that allows me to verify my transactions myself?
How can you call it "purely peer to peer" when I need a "trusted third party" to validate transactions?
The narrative of the proponents of big blocks has now changed from "Big blocks won't hurt your ability to run your own node (validating your transactions yourself)" to "Who wants to validate their own transactions anyway!?". How did this happen?
How is having to ask someone else if I got paid still "purely peer to peer"?
What did I miss? Have I completely misunderstood Bitcoin for all these years?
We used to say "Don't trust, verify!" Now you say "Verifying is a dumb idea." Please elaborate! Thank you!