Vlad on Nostr: Gm, me and my girlfriend tried Europe’s finest sparkling water and came to the ...
Gm, me and my girlfriend tried Europe’s finest sparkling water and came to the conclusion that S. Pellegrino is the smoothest, Borsec is a close second, while Perrier is overrated.
Anyway, here’s last night’s nightmare:
A Bitcoin philosopher came up with a theory that block space is as scarce as the 21 million supply.
Wait, what?
The worst part: he’s getting a cult following of believers who now think he’s some kind of genius.
So how can something predictable, whose schedule we know for the next 116 years, be just like something that is infinite (there will be a new block every 10 minutes for as long as someone mines Bitcoin) and which was changed many times in Bitcoin’s existence (most recently, in 2017 with SegWit)?
These people are batshit crazy. If you go back to study the history of the block size wars, you will see that even the small block camp said “not now” and/or “not under the terms presented by the New York Agreement”. Ask any developer today and he will agree that 8 MB or 16 MB blocks would benefit Bitcoin users worldwide with a minimal impact on decentralization.
But this is beside the point: of course the phony philosopher gets praise in an environment where businesses sell custodial solutions that take advantage of Bitcoin’s lack of scaling. It’s a multi-million dollar business and there’s a lot of money to be made from exchanges, federations and mints.
The worst part is that most bitcoiners struggle differentiating between facts and dogma. Instead of listening to the devs being interviewed on the Bitcoin Takeover podcast, they seek comfort in predictable LARPing which feeds them reassurance.
So happy that I woke up from this nightmare and now I’m dealing with reasonable human beings who can do their own research!
Anyway, here’s last night’s nightmare:
A Bitcoin philosopher came up with a theory that block space is as scarce as the 21 million supply.
Wait, what?
The worst part: he’s getting a cult following of believers who now think he’s some kind of genius.
So how can something predictable, whose schedule we know for the next 116 years, be just like something that is infinite (there will be a new block every 10 minutes for as long as someone mines Bitcoin) and which was changed many times in Bitcoin’s existence (most recently, in 2017 with SegWit)?
These people are batshit crazy. If you go back to study the history of the block size wars, you will see that even the small block camp said “not now” and/or “not under the terms presented by the New York Agreement”. Ask any developer today and he will agree that 8 MB or 16 MB blocks would benefit Bitcoin users worldwide with a minimal impact on decentralization.
But this is beside the point: of course the phony philosopher gets praise in an environment where businesses sell custodial solutions that take advantage of Bitcoin’s lack of scaling. It’s a multi-million dollar business and there’s a lot of money to be made from exchanges, federations and mints.
The worst part is that most bitcoiners struggle differentiating between facts and dogma. Instead of listening to the devs being interviewed on the Bitcoin Takeover podcast, they seek comfort in predictable LARPing which feeds them reassurance.
So happy that I woke up from this nightmare and now I’m dealing with reasonable human beings who can do their own research!