Billy Tetrud [ARCHIVE] on Nostr: 📅 Original date posted:2022-02-22 📝 Original message:> look at how lightning ...
📅 Original date posted:2022-02-22
📝 Original message:> look at how lightning ate up fees to keep bitcoin stable, we can't
"scale" too quickly either
I strongly disagree with this. We should be scaling Bitcoin as fast as we
can. There is no reason to delay scaling for the purposes of keeping fees
high. If we need fees to be higher, we can lower the block size or increase
the default minimum relay fee rate.
Also, the idea that use of the LN is there primary cause of recent low fees
is highly dubious.
> the various new uses for on-chain transactions mentioned as a use-case
arguably harms all existing users by competing for scarce blockchain space
Reminds me of that old saying, "nobody goes there anymore, it's too
crowded". ; )
On Mon, Feb 21, 2022, 03:54 Prayank via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Goog morning ZmnSCPxj,
>
> Context: https://bitcointalk.org/index.php?topic=48.msg329#msg329
>
> Maybe I should have rephrased it and quote Satoshi. I agree I should not
> speak for others and it was not my intention in the email.
>
> > If Satoshi refuses to participate in Bitcoin development today, who
> cares what his opinion is?
>
> I care about the opinions especially if consensus rules are not changed
> and remain same as far as subsidy is concerned.
>
> > Satoshi is dead, long live Bitcoin.
>
> I object to such assumptions about the founder of Bitcoin. Satoshi is more
> than a pseudonym and will stay alive forever.
>
> --
> Prayank
>
> A3B1 E430 2298 178F
>
>
>
> Feb 21, 2022, 14:32 by ZmnSCPxj at protonmail.com:
>
> Good morning Prayank,
>
> (offlist)
>
> Satoshi
>
>
> I object to the invocation of Satoshi here, and in general.
> If Satoshi wants to participate in Bitcoin development today, he can speak
> for himself.
> If Satoshi refuses to participate in Bitcoin development today, who cares
> what his opinion is?
> Satoshi is dead, long live Bitcoin.
>
>
> Aside from that, I am otherwise thinking about the various arguments being
> presented.
>
>
> Regards,
> ZmnSCPxj
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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📝 Original message:> look at how lightning ate up fees to keep bitcoin stable, we can't
"scale" too quickly either
I strongly disagree with this. We should be scaling Bitcoin as fast as we
can. There is no reason to delay scaling for the purposes of keeping fees
high. If we need fees to be higher, we can lower the block size or increase
the default minimum relay fee rate.
Also, the idea that use of the LN is there primary cause of recent low fees
is highly dubious.
> the various new uses for on-chain transactions mentioned as a use-case
arguably harms all existing users by competing for scarce blockchain space
Reminds me of that old saying, "nobody goes there anymore, it's too
crowded". ; )
On Mon, Feb 21, 2022, 03:54 Prayank via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Goog morning ZmnSCPxj,
>
> Context: https://bitcointalk.org/index.php?topic=48.msg329#msg329
>
> Maybe I should have rephrased it and quote Satoshi. I agree I should not
> speak for others and it was not my intention in the email.
>
> > If Satoshi refuses to participate in Bitcoin development today, who
> cares what his opinion is?
>
> I care about the opinions especially if consensus rules are not changed
> and remain same as far as subsidy is concerned.
>
> > Satoshi is dead, long live Bitcoin.
>
> I object to such assumptions about the founder of Bitcoin. Satoshi is more
> than a pseudonym and will stay alive forever.
>
> --
> Prayank
>
> A3B1 E430 2298 178F
>
>
>
> Feb 21, 2022, 14:32 by ZmnSCPxj at protonmail.com:
>
> Good morning Prayank,
>
> (offlist)
>
> Satoshi
>
>
> I object to the invocation of Satoshi here, and in general.
> If Satoshi wants to participate in Bitcoin development today, he can speak
> for himself.
> If Satoshi refuses to participate in Bitcoin development today, who cares
> what his opinion is?
> Satoshi is dead, long live Bitcoin.
>
>
> Aside from that, I am otherwise thinking about the various arguments being
> presented.
>
>
> Regards,
> ZmnSCPxj
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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