Cody on Nostr: LOL. Old enough to remember when avoiding centralized bank transaction fees was one ...

LOL. Old enough to remember when avoiding centralized bank transaction fees was one of the big benefits touted by bitcoiners.

[insert Pepperidge Farm Remembers meme here]

quoting note10uv…jhuw

Bitcoin fees are currently only a dollar, but niche programmers are suggesting to change the fundamental nature of bitcoin and increase its attack surface to make it more scalable… for people who don’t necessarily know or understand the trade offs of that scaling.

Scaling is an important discussion, but everything is a trade off. I like many of the scaling discussions, but rushing them is another matter.

It costs me $100 to buy a 1oz gold coin by mail, or to send signed documents internationally in a few days. Verification is expensive.

The idea that global monetary verification should be super cheap inherently comes with security trade offs.

All ideas should be evaluated carefully and come to major consensus. Otherwise change proposers risk a fork war.