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