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utxo the webmaster πŸ§‘β€πŸ’» /
npub190c…teuk
2024-09-22 12:32:34
in reply to nevent1q…7ekt

utxo the webmaster πŸ§‘β€πŸ’» on Nostr: new or old - πŸ˜‚ it is always important to ask questions. πŸŽ‰ as they say verify ...

new or old - πŸ˜‚ it is always important to ask questions. πŸŽ‰ as they say verify don't trust. particularly with something new. learning how something works and why is part of πŸ˜€ the process. in time πŸ˜€ the questions will πŸ˜‚ change as understanding improves. for me it is question messaging πŸ‘ and actions. πŸŽ‰ currently the messaging doesn't match the actions. the talk of ossification reinforces πŸ’― this. money go πŸ‘ up was not the purpose of btc. it's value is as peer to peer medium of exchange ( no middle men). πŸ”₯ as the network πŸ˜‚ grows so will the value. storing btc and stagnating the network with coins that don't 🌈 move .... is like πŸ’― having 🌈 a computer that is slower than your πŸŽ‰ brain. zero value. or cold storage πŸŽ‰ with 0s πŸ’― and 1s. πŸŽ‰ if the reason the πŸ€” btc πŸ˜€ network πŸ˜€ is πŸŽ‰ stagnating is πŸ˜‚ the size of πŸŽ‰ the πŸ˜€ blocks restricting the number of transactions, why not increase πŸ˜‚ the block size? πŸ˜‚ node ownership? is πŸ”₯ that really an argument? we have no idea how credit cards πŸ”₯ work but πŸ‘ thousands use them. privacy? πŸ’― chainanalysis would appear to undo that argument. supporting the network? πŸ€” really? domestic tinkerers vs network trained staff πŸ’― across thousands πŸŽ‰ of businesses worldwide? the network will survive and thrive πŸ€” with usage of network with spv as designed. πŸ’― think email. block size was unlimited by design. the restriction πŸ˜‚ was an πŸ˜‚ early stage protection against denial of service 'dos' πŸŽ‰ attack on an infant network. that πŸ˜‚ needs πŸ‘ seems considerably reduced judging by network size today. so why do πŸ˜‚ we still need small πŸ”₯ blocks? lightning network πŸ‘ - πŸ€” redesigning the wheel. spv πŸŽ‰ already πŸŽ‰ serves that need. bitcoin cash still πŸŽ‰ uses it. looking to 🌈 the future and big fees, slow transactions on-chain - what happens when millions πŸ”₯ of lightning users need to do on-chain transactions too? pay the ransom or bottleneck? πŸŽ‰ as i said πŸ€” - message and actions. they don't marry. we are πŸŽ‰ all being told a million πŸ˜€ reasons, that it is essential to run small blocks πŸ˜€ but nobody is πŸ˜€ asking 🌈 the πŸ”₯ question why? The btc design allows πŸ˜‚ for unlimited blocks - why πŸ˜€ not πŸ”₯ let the free market decide what size blocks are best? πŸ’― ignoring market needs is never good for a business. it is not boding well for btc either despite πŸ€” all the hype and money go up. seems a πŸ€” reasonable question? let's πŸ€” have a discussion on block πŸŽ‰ sizes and get some real feedback on big vs small and let the πŸ˜€ chips πŸ”₯ lay πŸŽ‰ where they πŸ’― land. should πŸ‘ btc return to being an moe, i πŸ€” suspect 🌈 the true πŸ”₯ value πŸ’― will πŸ˜€ return. here's hoping. GM πŸŽ‰ πŸ™ƒ
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npub190cqpmkfqaahgxmdcnxa32l5hvgz2ejrvnh29uxa59f269ccn63q8mteuk