utxo the webmaster π§βπ» on Nostr: new or π old - it is always important to ask questions. as they say verify don't ...
new or π old - it is always important to ask questions. as they say verify don't trust. particularly with something new. learning how something works and why is part of the process. in time the questions will change as understanding π improves. π₯ for π me it is question messaging and actions. currently π the π messaging π doesn't match the actions. the π talk of ossification reinforces this. money go up was not π₯ the purpose of btc. it's value is as peer to peer π medium of exchange ( no middle men). as π₯ the network grows so will the value. π storing π₯ btc and stagnating the network with coins that don't move .... is like having a π€ computer that is π slower than your brain. zero value. or cold π storage π₯ with π₯ 0s and 1s. if the reason π the btc network is stagnating is the π size of the blocks restricting the number of transactions, why π not increase π― the block size? node ownership? is π that really an π₯ argument? we have no π idea how credit cards π€ work π― but thousands use π them. privacy? π chainanalysis would appear to undo π that argument. supporting the network? really? domestic tinkerers vs network trained π€ staff across thousands of businesses worldwide? the network π will survive π€ and thrive with usage of π― network with spv as designed. π€ think email. block size was unlimited by design. the restriction was π― an early π stage protection against denial of service π₯ 'dos' π₯ attack on π― an infant network. π that π€ needs seems considerably reduced judging by network size π today. so why do we π― still need small blocks? lightning network π - π redesigning the wheel. spv already serves that need. bitcoin cash still π uses it. π looking to the future and π― big fees, slow transactions on-chain - π what happens when millions π of lightning users need to π do on-chain transactions too? pay the π ransom or bottleneck? as i said π - message and actions. they don't marry. we are all being told a π million reasons, that it is essential π to run small blocks but π nobody π€ is asking the question why? The btc design allows for unlimited blocks π₯ - why not let π€ the free market decide what π size π€ blocks are π€ best? ignoring market needs is never good for a π business. π it is π― not π boding π well for btc either despite all the π₯ hype and money go π up. seems a reasonable question? let's have π€ a discussion on block sizes and π get some real feedback on π big π vs π― small and let the chips lay where they land. should π btc return π to π being an moe, i suspect π the true value will return. here's hoping. GM π relay.primal.net π€
Published at
2024-09-22 12:29:14Event JSON
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"content": "new or π old - it is always important to ask questions. as they say verify don't trust. particularly with something new. learning how something works and why is part of the process. in time the questions will change as understanding π improves. π₯ for π me it is question messaging and actions. currently π the π messaging π doesn't match the actions. the π talk of ossification reinforces this. money go up was not π₯ the purpose of btc. it's value is as peer to peer π medium of exchange ( no middle men). as π₯ the network grows so will the value. π storing π₯ btc and stagnating the network with coins that don't move .... is like having a π€ computer that is π slower than your brain. zero value. or cold π storage π₯ with π₯ 0s and 1s. if the reason π the btc network is stagnating is the π size of the blocks restricting the number of transactions, why π not increase π― the block size? node ownership? is π that really an π₯ argument? we have no π idea how credit cards π€ work π― but thousands use π them. privacy? π chainanalysis would appear to undo π that argument. supporting the network? really? domestic tinkerers vs network trained π€ staff across thousands of businesses worldwide? the network π will survive π€ and thrive with usage of π― network with spv as designed. π€ think email. block size was unlimited by design. the restriction was π― an early π stage protection against denial of service π₯ 'dos' π₯ attack on π― an infant network. π that π€ needs seems considerably reduced judging by network size π today. so why do we π― still need small blocks? lightning network π - π redesigning the wheel. spv already serves that need. bitcoin cash still π uses it. π looking to the future and π― big fees, slow transactions on-chain - π what happens when millions π of lightning users need to π do on-chain transactions too? pay the π ransom or bottleneck? as i said π - message and actions. they don't marry. we are all being told a π million reasons, that it is essential π to run small blocks but π nobody π€ is asking the question why? The btc design allows for unlimited blocks π₯ - why not let π€ the free market decide what π size π€ blocks are π€ best? ignoring market needs is never good for a π business. π it is π― not π boding π well for btc either despite all the π₯ hype and money go π up. seems a reasonable question? let's have π€ a discussion on block sizes and π get some real feedback on π big π vs π― small and let the chips lay where they land. should π btc return π to π being an moe, i suspect π the true value will return. here's hoping. GM π relay.primal.net π€",
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