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$TBC TBC (Turing Bit Chain)
Absolute Security and PoW Mechanism: Adherence and Evolution of Faith
Satoshi Nakamoto's thoughts on blockchain security run throughout, and he emphasized in the forum:
"The system is designed to protect user privacy, but not absolutely. Every transaction is broadcast on the network."
Translation: "The system design aims to protect user privacy, but it is not absolute. Every transaction is broadcast on the network."
"The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste."
Translation: "The transaction utility achieved by Bitcoin will far exceed the cost of electricity consumption. Therefore, having no Bitcoin is the real waste."
These two statements reveal Satoshi Nakamoto's profound insight into the "security - utility" balance: privacy is a relative goal, while the cost investment of network transparency and PoW consensus ultimately serves the core value of "intermediary-free transactions." TBC translates this philosophy into technical practice:
By inheriting the PoW consensus mechanism of Bitcoin and sharing the computing power shield of its 1.3 million mining machines, a distributed network composed of 16,000 full nodes has been built, reducing the success rate of long-range attacks to the level of 10⁻¹⁸.
At the same time, dynamic data pruning technology reduces the storage costs for light nodes in 4GB super-sized blocks, ensuring the transparency of transaction broadcasting while avoiding the potential hindrance of "absolute privacy" to regulatory compliance.
The TBC proves that the energy consumption of PoW is not wasteful, but rather a necessary security premium paid for the great experiment of "peer-to-peer electronic cash"—as Satoshi Nakamoto said, without this investment, "not having Bitcoin is the real waste."