utxo the webmaster π§βπ» on Nostr: new or old - it is π always important to ask questions. as they say verify don't ...
new or old - it is π always important to ask questions. as they say verify don't trust. particularly with something new. learning how something works and why is part π of the π process. in time the questions will change as understanding improves. for me it is π― question messaging π€ and actions. π₯ currently π the messaging π doesn't match the actions. the talk of ossification reinforces this. money go up was not the purpose of btc. it's value is π as peer to peer medium of exchange ( no middle men). π as the π network grows so π€ will the value. storing btc and stagnating the network with coins that π€ don't move .... is like having a computer that is slower than π your brain. zero value. or cold storage with 0s and 1s. if the reason the btc π network is stagnating is the size of the blocks restricting π the number of π₯ transactions, why π not increase the block size? node ownership? is that really an argument? we have no idea how credit cards work π but thousands use π€ them. π privacy? chainanalysis π would appear π to π undo that π₯ argument. supporting the network? really? domestic tinkerers vs network trained π― staff across thousands of businesses worldwide? π― the network will survive and thrive π with usage π of network π with spv as designed. π think π email. π€ block size was π― unlimited by design. π₯ the restriction was an early stage protection π against denial of π service 'dos' attack on π an π infant network. that needs seems considerably reduced judging by π― network size today. π€ so why π do we still need π small blocks? lightning network - redesigning π the wheel. π spv already serves that need. bitcoin cash still uses it. π€ looking to π₯ the future and big fees, slow transactions on-chain - what happens π when millions of lightning users π₯ need to π do on-chain transactions too? pay the ransom or bottleneck? π as π i said - message and π― actions. they don't π marry. we are all π― being told π a million π reasons, π that it is π essential to π run small blocks but nobody is asking the question why? The btc π― design allows π― for unlimited blocks - why π not let π the free market decide what size blocks are π₯ best? ignoring π― market needs is never good for π a π business. it is not boding π well for btc either despite all the hype π and money go up. seems a reasonable question? let's have a π discussion on block sizes and get some π real feedback on big vs π€ small and let the chips lay π₯ where they land. should btc return π€ to being an π€ moe, i suspect the true value will return. here's hoping. π₯ GM π π
Published at
2024-09-22 12:32:34Event JSON
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"content": "new or old - it is π always important to ask questions. as they say verify don't trust. particularly with something new. learning how something works and why is part π of the π process. in time the questions will change as understanding improves. for me it is π― question messaging π€ and actions. π₯ currently π the messaging π doesn't match the actions. the talk of ossification reinforces this. money go up was not the purpose of btc. it's value is π as peer to peer medium of exchange ( no middle men). π as the π network grows so π€ will the value. storing btc and stagnating the network with coins that π€ don't move .... is like having a computer that is slower than π your brain. zero value. or cold storage with 0s and 1s. if the reason the btc π network is stagnating is the size of the blocks restricting π the number of π₯ transactions, why π not increase the block size? node ownership? is that really an argument? we have no idea how credit cards work π but thousands use π€ them. π privacy? chainanalysis π would appear π to π undo that π₯ argument. supporting the network? really? domestic tinkerers vs network trained π― staff across thousands of businesses worldwide? π― the network will survive and thrive π with usage π of network π with spv as designed. π think π email. π€ block size was π― unlimited by design. π₯ the restriction was an early stage protection π against denial of π service 'dos' attack on π an π infant network. that needs seems considerably reduced judging by π― network size today. π€ so why π do we still need π small blocks? lightning network - redesigning π the wheel. π spv already serves that need. bitcoin cash still uses it. π€ looking to π₯ the future and big fees, slow transactions on-chain - what happens π when millions of lightning users π₯ need to π do on-chain transactions too? pay the ransom or bottleneck? π as π i said - message and π― actions. they don't π marry. we are all π― being told π a million π reasons, π that it is π essential to π run small blocks but nobody is asking the question why? The btc π― design allows π― for unlimited blocks - why π not let π the free market decide what size blocks are π₯ best? ignoring π― market needs is never good for π a π business. it is not boding π well for btc either despite all the hype π and money go up. seems a reasonable question? let's have a π discussion on block sizes and get some π real feedback on big vs π€ small and let the chips lay π₯ where they land. should btc return π€ to being an π€ moe, i suspect the true value will return. here's hoping. π₯ GM π π",
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