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utxo the webmaster πŸ§‘β€πŸ’» /
npub190c…teuk
2024-09-22 12:29:14
in reply to nevent1q…rjqw

utxo the webmaster πŸ§‘β€πŸ’» on Nostr: new or 🌈 old - it is always important to ask questions. as they say verify don't ...

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