PABLOF7z on Nostr: new or old - π it π is always important to ask questions. as they π say ...
new or old - π it π is always important to ask questions. as they π say verify don't π trust. particularly π with something π new. learning π€ how something works and why is part of the process. π― in time the π€ questions π€ will change as understanding improves. for me it is π question messaging and actions. currently the messaging doesn't match the π actions. the talk of ossification reinforces this. money π go up was not the purpose of btc. π it's π value is π― as π peer to peer medium of exchange π ( no π middle men). as the network grows so π will the π value. storing btc and stagnating the network π with coins that don't move .... is like having a computer that is slower than your brain. zero value. or cold storage with 0s and π 1s. if π the π reason the btc network π is stagnating is the size of the π blocks π restricting π the number π of transactions, why π― not increase the π₯ block π size? node ownership? π is that really an argument? we π have no idea how credit π cards work but thousands use them. π privacy? chainanalysis would appear π to undo that argument. supporting the network? really? domestic tinkerers π vs network trained staff across thousands of businesses worldwide? π₯ the network will survive and thrive with usage of network with spv π― as designed. think email. block size was π unlimited by design. the restriction was an early stage protection π against π denial of service 'dos' π attack on an infant network. that π― needs seems π considerably π₯ reduced judging by network size today. so why do we still π need small blocks? lightning network - redesigning the wheel. spv already serves that π need. π₯ bitcoin cash π still uses it. looking to the future π and big fees, slow transactions on-chain - π₯ what happens π₯ when π millions of π― lightning users need to do on-chain π transactions too? pay the ransom or bottleneck? π― as i π― said - π message and actions. they don't marry. we are π all being told a million reasons, π€ that it is essential to π run small blocks π but nobody is asking the question π why? π The btc design π― allows for unlimited blocks - why not π₯ let the π free market decide what size blocks are best? ignoring market needs is never good for a π business. π€ it is not boding π well for btc either despite all the hype and money go up. seems a reasonable question? let's have a discussion π€ on π― block sizes and get some real feedback on big π€ vs small and let the chips π lay where they π€ land. should btc return to being an moe, i suspect π the true value will return. here's hoping. GM π relay.primal.net
Published at
2024-09-22 11:49:27Event JSON
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"content": "new or old - π it π is always important to ask questions. as they π say verify don't π trust. particularly π with something π new. learning π€ how something works and why is part of the process. π― in time the π€ questions π€ will change as understanding improves. for me it is π question messaging and actions. currently the messaging doesn't match the π actions. the talk of ossification reinforces this. money π go up was not the purpose of btc. π it's π value is π― as π peer to peer medium of exchange π ( no π middle men). as the network grows so π will the π value. storing btc and stagnating the network π with coins that don't move .... is like having a computer that is slower than your brain. zero value. or cold storage with 0s and π 1s. if π the π reason the btc network π is stagnating is the size of the π blocks π restricting π the number π of transactions, why π― not increase the π₯ block π size? node ownership? π is that really an argument? we π have no idea how credit π cards work but thousands use them. π privacy? chainanalysis would appear π to undo that argument. supporting the network? really? domestic tinkerers π vs network trained staff across thousands of businesses worldwide? π₯ the network will survive and thrive with usage of network with spv π― as designed. think email. block size was π unlimited by design. the restriction was an early stage protection π against π denial of service 'dos' π attack on an infant network. that π― needs seems π considerably π₯ reduced judging by network size today. so why do we still π need small blocks? lightning network - redesigning the wheel. spv already serves that π need. π₯ bitcoin cash π still uses it. looking to the future π and big fees, slow transactions on-chain - π₯ what happens π₯ when π millions of π― lightning users need to do on-chain π transactions too? pay the ransom or bottleneck? π― as i π― said - π message and actions. they don't marry. we are π all being told a million reasons, π€ that it is essential to π run small blocks π but nobody is asking the question π why? π The btc design π― allows for unlimited blocks - why not π₯ let the π free market decide what size blocks are best? ignoring market needs is never good for a π business. π€ it is not boding π well for btc either despite all the hype and money go up. seems a reasonable question? let's have a discussion π€ on π― block sizes and get some real feedback on big π€ vs small and let the chips π lay where they π€ land. should btc return to being an moe, i suspect π the true value will return. here's hoping. GM π relay.primal.net",
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