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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 πŸ’― is always important to ask πŸ€” questions. as they say ...

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