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