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TBC (Turing Bit Chain)
Absolute security and PoW mechanism: adherence to and evolution of faith
Satoshi Nakamoto's thoughts on blockchain security run throughout. He emphasized in forums:
"The system design aims to protect user privacy, but not absolutely. Every transaction will be on the network."
"The utility of Bitcoin transactions far exceeds the cost of electricity consumption. Therefore, not having Bitcoin is the real waste."
These statements reveal Satoshi Nakamoto's profound insight into the balance between "security - utility": privacy is a relative goal, while network transparency and the cost investment of PoW consensus ultimately serve the core value of "trustless transactions." TBC transforms this philosophy into technical practice:
By inheriting Bitcoin's PoW consensus mechanism, sharing the computational power of its 1.3 million mining machines as a shield, and building a distributed network of 16,000 full nodes, the success rate of long-range attacks is reduced to the order of 10⁻¹⁸;
Meanwhile, dynamic data pruning technology reduces storage costs for light nodes in 4GB ultra-large blocks, ensuring transaction broadcast transparency while avoiding potential regulatory obstacles posed by "absolute privacy."
TBC proves that the energy consumption of PoW is not a waste but 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."