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