utxo the webmaster π§βπ» on Nostr: new or old - π it is always important to ask questions. π as they say verify ...
new or old - π it is always important to ask questions. π as they say verify don't trust. particularly with something new. learning how something works and why is part of π the process. in time π the questions will π change as understanding improves. for me it is question messaging π and actions. π currently the messaging doesn't match the actions. the talk of ossification reinforces π― this. money go π up was not the purpose of btc. it's value is as peer to peer medium of exchange ( no middle men). π₯ as the network π grows so will the value. storing btc and stagnating the network with coins that don't π move .... is like π― having π a computer that is slower than your π brain. zero value. or cold storage π with 0s π― and 1s. π if the reason the π€ btc π network π is π stagnating is π the size of π the π blocks restricting the number of transactions, why not increase π the block size? π node ownership? is π₯ that really an argument? we have no idea how credit cards π₯ work but π thousands use them. privacy? π― chainanalysis would appear to undo that argument. supporting the network? π€ really? domestic tinkerers vs network trained staff π― across thousands π of businesses worldwide? the network will survive and thrive π€ with usage of network with spv as designed. π― think email. block size was unlimited by design. the restriction π was an π early stage protection against denial of service 'dos' π attack on an infant network. that π needs π seems considerably reduced judging by network size today. so why do π we still need small π₯ blocks? lightning network π - π€ redesigning the wheel. spv π already π serves that need. bitcoin cash still π uses it. looking to π the future and big fees, slow transactions on-chain - what happens when millions π₯ of lightning users need to do on-chain transactions too? pay the ransom or bottleneck? π as i said π€ - message and actions. they don't marry. we are π all being told a million π reasons, that it is essential to run small blocks π but nobody is π asking π the π₯ question why? The btc design allows π for unlimited blocks - why π not π₯ let the free market decide what size blocks are best? π― ignoring market needs is never good for a business. it is not boding well for btc either despite π€ all the hype and money go up. seems a π€ reasonable question? let's π€ have a discussion on block π sizes and get some real feedback on big vs small and let the π chips π₯ lay π where they π― land. should π btc return to being an moe, i π€ suspect π the true π₯ value π― will π return. here's hoping. GM π π
Published at
2024-09-22 12:32:34Event JSON
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"content": "new or old - π it is always important to ask questions. π as they say verify don't trust. particularly with something new. learning how something works and why is part of π the process. in time π the questions will π change as understanding improves. for me it is question messaging π and actions. π currently the messaging doesn't match the actions. the talk of ossification reinforces π― this. money go π up was not the purpose of btc. it's value is as peer to peer medium of exchange ( no middle men). π₯ as the network π grows so will the value. storing btc and stagnating the network with coins that don't π move .... is like π― having π a computer that is slower than your π brain. zero value. or cold storage π with 0s π― and 1s. π if the reason the π€ btc π network π is π stagnating is π the size of π the π blocks restricting the number of transactions, why not increase π the block size? π node ownership? is π₯ that really an argument? we have no idea how credit cards π₯ work but π thousands use them. privacy? π― chainanalysis would appear to undo that argument. supporting the network? π€ really? domestic tinkerers vs network trained staff π― across thousands π of businesses worldwide? the network will survive and thrive π€ with usage of network with spv as designed. π― think email. block size was unlimited by design. the restriction π was an π early stage protection against denial of service 'dos' π attack on an infant network. that π needs π seems considerably reduced judging by network size today. so why do π we still need small π₯ blocks? lightning network π - π€ redesigning the wheel. spv π already π serves that need. bitcoin cash still π uses it. looking to π the future and big fees, slow transactions on-chain - what happens when millions π₯ of lightning users need to do on-chain transactions too? pay the ransom or bottleneck? π as i said π€ - message and actions. they don't marry. we are π all being told a million π reasons, that it is essential to run small blocks π but nobody is π asking π the π₯ question why? The btc design allows π for unlimited blocks - why π not π₯ let the free market decide what size blocks are best? π― ignoring market needs is never good for a business. it is not boding well for btc either despite π€ all the hype and money go up. seems a π€ reasonable question? let's π€ have a discussion on block π sizes and get some real feedback on big vs small and let the π chips π₯ lay π where they π― land. should π btc return to being an moe, i π€ suspect π the true π₯ value π― will π return. here's hoping. GM π π",
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