Peer-to-Peer Money & Messages
The Foundation of Human Freedom: IP-to-IP
When we give each other cash, it's by hand isn't it? You'll give a dime or a dollar from your hand into mine 😊
This is what peer-to-peer (p2p) is. Direct exchange between two people, from my phone to your phone. No man-in-the-middle.
Peer-to-Peer is the foundation stone of human freedom. It’s the only way to live free of top-down centralized control — a control that’s killing human creativity and the natural abundance of Life.
Let’s explore how the integration of BitcoinSV blockchain into IPv6 provides true peer-to-peer.
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“Bitcoin's not meant to be: I send to a bunch of miners who process it and then send to someone else. The way that Bitcoin was meant to be, which I described in the early days, was: I send directly to you.
…IPv6 is the only way that we get back to that model the Internet was meant to be, the model without the Facebooks and the large data centers owning our data, the model where we communicate person to person directly.”
~~ Bitcoin expert Dr. Craig S. Wright, quoted from:
Many people believe that ponzi-BTC is a peer-to-peer payment system. It is not and never will be.
End-to-end, user-to-user, IP-to-IP, peer-to-peer, they all mean the same thing — individuals connecting directly. There are:
NO proof-of-work miners in-between, as in BTC,
NO proof-of-stake validators in-between, as in ETH,
NO off-chain nodes in-between, as in Lightning network,
NO Internet Service Providers in-between, as in IPv4.
Satoshi built IP-to-IP into his original Bitcoin protocol. After he left the project in 2011, a few developers usurped the keys to his code, and removed p2p. They never had the vision to see what it was for.
Developers led by Dr. Wright then reinstated IP-to-IP in the BitcoinSV protocol.
IPv6 Works Only With BitcoinSV
For us to exchange electronic cash and messages with no middleman, both our phones must have a unique IP address, which is supplied by IPv6 — Internet Protocol version 6.
The Internet is currently migrating from IPv4 to IPv6. The problem with IPv4 is that it offers only 4 billion unique IP addresses, or 2^32. IPv6 has 340 trillion trillion trillion IP addresses, or 2^128.
IPv6 was a draft standard in 1998 when Satoshi began working on his Bitcoin invention — yes, it took him TEN years to invent Bitcoin! In 2017, IPv6 was ratified as an Internet standard. The ETSI IPv6 Industry Specification Group is now working on integrating BitcoinSV into the IPv6 protocol.
ETSI is the European Telecommunications Standards Institute with over 900 member organizations globally. Its specifications eventually become official European (and global) standards.
Attorney ZeMing M. Gao, author of Bit & Coin: Merging Digitality and Physicality, reports of the BSV-IPv6 integration:
“In the future all private systems will be built upon an updated TCP/IP protocol integrating IPv6 and Bitcoin (BSV) blockchain.
It is more than a theory. All needed protocols have been laid out and coded, with extensive research done, and experiments performed.”
The chair of ETSI's IPv6 Group, and President of the IPv6 Forum, Dr. Latif Ladid, points out that the only blockchain capable of handling IPv6 level of transaction volume is BitcoinSV:
“With IPv6 we have one single protocol and with blockchain we have one single protocol. We're not going to mess around with this by introducing different protocols... With IPv6 we'll do it with BSV, that's quite clear to us because that's really the solution for everyone because the cost is very low and the deployment is very efficient.
We see here a very big vision for the Internet to be combining IPv6 and blockchain.”
~~ quoted from:
How to Check If You're on IPv6
For true peer-to-peer payments and data exchange (like emails) we need:
Organizations such as ETSI and IETF to finalize the IPv6-BSV integration,
Our devices such as laptops and phones to use IPv6 addresses.
You can check whether your phone is on IPv6 at:
An IPv4 address looks like this: 103.192.290.175
An IPv6 address looks like this: 2606:4700::6813:ab32 (that’s CoinGeek.com)
If you're on IPv4 then you need to check with your ISP (Internet service provider) or cellular carrier how to switch to IPv6. All cell phones that support LTE also support IPv6.
Right now both my phone and laptop are using IPv4 addresses. They are slaves of central servers. With IPv6 each will have its own uniquely generated IP address. They will be peer-to-peer.
True p2p Email with BSV and IPv6
Email is today the oligopoly of a few big companies, whom we know are forwarding emails to NSA, the intelligence agency of the U.S. Dept. of Defense.
When BitcoinSV is integrated into IPv6, and all our devices are running on IPv6, then we'll send payments and email to each other directly, IP-to-IP.
When you send money to your family, do you really want a stranger between you? That's what you will always get with BTC, ETH, and ERC20 tokens — and Western Union of course.
Dr. Craig Wright describes peer-to-peer to IT students in India [edited]:
“If I want to give my information to someone [money or data], I should be able to connect over an IPv6 tunnel where it's secure, where I know no one's man-in-the-middling me, no one's interfering with my communication. Now I can trust the communication because I know the end-to-end tunnel [IP-to-IP].”
~~ quoted from:
In the 2008 Bitcoin whitepaper, Satoshi describes IP-to-IP transactions as the primary way to send payments with Bitcoin. Using a public "Bitcoin address" and broadcasting the transaction to the entire network was a secondary method in case one of the parties was offline at the time.
BTC has stupidly made that backup method the ONLY way to send payments. It's slow, expensive, and useless for our new decentralized economy — outside of central control.
P2P Gives True Privacy
Since BitcoinSV is the only blockchain that has high-scale, low-cost, instant digital cash transactions as small as one cent...
And the only blockchain that IPv6 standards committees are working with...
The question becomes: “How private is it?”
It's actually the peer-to-peer that makes it 100% private. Speaking at the Blockchain Developers Conference in Istanbul, Turkey, November 15, 2022, Dr. Wright points out:
“The privacy of a system is how many transactions you get in a block. What I'm aiming for — ten billion transactions a second... under a thousandth of a cent per transaction, people using it doing all sorts of things — how do you trace them? Outside of police going to a physical person and asking them to point out where they got money from — how?
If you have ten billion transactions per second or more, and all different types of transactions — Internet of Things devices, potentially billions of machines sending random data back and forth, no one knows what it is.
You tell me, how are you going to find the identity of a person who never ever re-uses an address even twice? Tell me. I've yet to have anyone work out how this is going to be an antiprivacy model. I'm sorry, the NSA can't do it.”
IPv6 has built-in security protocols like CGA — cryptographically generated addresses — so we never re-use the same address.
✔ The more transactions per second each of us does on the high-performance decentralized blockchain of BitcoinSV, the quicker we humans gain freedom from central control.
Every transaction strengthens the network, and increases our privacy. We can easily:
Earn money on the blockchain,
Open a savings account on the blockchain,
Invest in blockchain apps and enterprises.
A step-by-step guide on how to use non-bank money is in my book — How to Escape Inflation: Protect your savings and your business from a bank crash.
Resources
With the images in this video, it's easy to see how peer-to-peer works: Keynote Address, Craig Wright | EUBS 2022 (Enterprise Utility Blockchain Summit).
In this summary, Dr. Wright explains how true peer-to-peer will give us "a system that is difficult to even find, let alone hack."
CoinGeek latest IEEE News (Institute of Electrical and Electronics Engineers.
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