For the love of God, please increase the Block size on this thing.
You can't replace Credit card payments if transcaction costs are 20% of the price of the £40 item you're paying for, just to wait half an hour to get a confirmation 😢
#btc #bitcoin #txfees #mempool #wallet #btcwallet #blockchain #miners #btcmempool #payments #cash #credit
Soooo early. You will understand.
#studyBitcoin
What am I missing? Why is it still too early?
You want to increase the Blocksize.
I don’t know if you already spent time to inform yourself about the decentralisation of Bitcoin. Please do it. Read about fullnodes.
Hint: The Blockchain is now around 550 gigabytes big, after almost 15 years! That’s in a range where normal earning people can afford a hard drive to store the blockchain on. That’s what thousand of people around the globe are doing.
With bigger blocks, maybe the Blockchain would be 500 terabytes big or more. Then I want to see how normal people could afford that.
What would happen? Only big companies could afford buying that big hard drives and store the blockchain on it.
And we all would have to ask and trust them if we would like to verify anything on the blockchain. That’s centralisation.
No thank you!
#studyBitcoin
Plebs out there at all depths of the rabbit hole. Love to see it.
Use liquid Bitcoin for small purchases or day to day use. Or lightning
Gonna need more layers.
Base layer isn't meant for small transactions. Use Lightning.
