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