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