Replying to Avatar Melvin Carvalho

Block size war was an amazing thing. For the first time in history a group of volunteer open source developers stood up to billions of dollars venture capital, millions of users, most of the hashing power. It went to the market ...

And the developers won!

The reputation of developers in an open source project was worth more than 100mm, or even 1Bn, in VC money per person. That's why in bitcoin, reputation is more valuable than anything

It was a first in history, and it's why we still have open source bitcoin
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Avi Burra 2y ago

Well said đź‘Źđź‘Ź

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MainStreetChungus 2y ago

🤯 how did I not realize that the block size war was about entrenching big tech into the industry. Learn something new everyday.

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Melvin Carvalho 2y ago

Exactly. Had very little to do with block size. Arguably a bigger block size is better. But segwit actually was roughly a 2x block size increase anyway.

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nobody 2y ago

I dove down this rabbit hole a few times. Convoluted to uncover what actually happened and what is just remnants of the smear campaigns. TBH I'm always just a bit disappointed merchant adoption and retail use didn't catch on or develop faster.

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The Daniel đź–– 2y ago

And the crazy part is, their scaling “solution” was such a total failure that even the industry with all their resources couldn’t find a way to profit from it, so they invented PoS shitcoins instead.

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MainStreetChungus 2y ago

Damn lightbulb moment for me thank you.

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