PABLOF7z on Nostr: new π or old π - it is π always important to ask questions. as they say ...
new π or old π - it is π always important to ask questions. as they say verify π€ don't π trust. particularly π with something new. learning how something works and why is part of π the process. π₯ in π time the π― questions will π change π― as understanding improves. for me it is question messaging and actions. currently the messaging doesn't match the actions. the talk π₯ of π ossification reinforces this. π money go up was not π the purpose of btc. it's π₯ value is as peer to peer π medium of exchange ( no π middle men). as the network grows so will the value. storing btc and stagnating the π network with coins π€ that don't move .... is π like having π a computer that π is slower than your brain. zero π value. or cold storage with 0s and 1s. if the reason the btc network is π€ stagnating is the size of the blocks restricting the number π₯ of π transactions, why not π― increase the block size? π₯ node π₯ ownership? is that really an argument? π₯ we π have no idea how credit cards work but thousands π€ use them. privacy? chainanalysis would appear to undo that argument. supporting the π€ network? really? domestic tinkerers vs π― network trained staff across thousands of businesses worldwide? π€ the network will survive and thrive with usage of network with π₯ spv as designed. think π email. block π₯ size π€ was unlimited π€ by design. the restriction was an early π stage protection against denial of service π 'dos' attack on π an π― infant π network. that needs π seems considerably reduced judging by network size π today. so why do we π still need small blocks? π― lightning network - redesigning the wheel. spv already serves that need. bitcoin cash still uses it. looking to the future and big fees, slow transactions π on-chain - what π happens when π millions of lightning users need π to do π on-chain transactions too? π₯ pay the ransom or bottleneck? as i π€ said - message and actions. they don't marry. we are all being told a million π reasons, that it is essential to run small blocks but nobody is π₯ asking the question π why? The btc design π allows for unlimited π― blocks π - why not let the free market decide what size blocks are best? π ignoring market needs is π never π good π for a π€ business. π― it π― is not boding well for btc either π₯ despite all the hype and money π go up. seems a reasonable question? let's π have a discussion on block sizes and π― get some π real π€ feedback on π big vs small π and let the chips lay where they land. π should btc return π to π being an moe, π i suspect the true value π will π return. π here's hoping. GM π
Published at
2024-09-22 11:52:47Event JSON
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"content": "new π or old π - it is π always important to ask questions. as they say verify π€ don't π trust. particularly π with something new. learning how something works and why is part of π the process. π₯ in π time the π― questions will π change π― as understanding improves. for me it is question messaging and actions. currently the messaging doesn't match the actions. the talk π₯ of π ossification reinforces this. π money go up was not π the purpose of btc. it's π₯ value is as peer to peer π medium of exchange ( no π middle men). as the network grows so will the value. storing btc and stagnating the π network with coins π€ that don't move .... is π like having π a computer that π is slower than your brain. zero π value. or cold storage with 0s and 1s. if the reason the btc network is π€ stagnating is the size of the blocks restricting the number π₯ of π transactions, why not π― increase the block size? π₯ node π₯ ownership? is that really an argument? π₯ we π have no idea how credit cards work but thousands π€ use them. privacy? chainanalysis would appear to undo that argument. supporting the π€ network? really? domestic tinkerers vs π― network trained staff across thousands of businesses worldwide? π€ the network will survive and thrive with usage of network with π₯ spv as designed. think π email. block π₯ size π€ was unlimited π€ by design. the restriction was an early π stage protection against denial of service π 'dos' attack on π an π― infant π network. that needs π seems considerably reduced judging by network size π today. so why do we π still need small blocks? π― lightning network - redesigning the wheel. spv already serves that need. bitcoin cash still uses it. looking to the future and big fees, slow transactions π on-chain - what π happens when π millions of lightning users need π to do π on-chain transactions too? π₯ pay the ransom or bottleneck? as i π€ said - message and actions. they don't marry. we are all being told a million π reasons, that it is essential to run small blocks but nobody is π₯ asking the question π why? The btc design π allows for unlimited π― blocks π - why not let the free market decide what size blocks are best? π ignoring market needs is π never π good π for a π€ business. π― it π― is not boding well for btc either π₯ despite all the hype and money π go up. seems a reasonable question? let's π have a discussion on block sizes and π― get some π real π€ feedback on π big vs small π and let the chips lay where they land. π should btc return π to π being an moe, π i suspect the true value π will π return. π here's hoping. GM π",
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