the blocksize dilemma will be a forever debate. lol
Discussion
whether you scale today or you scale tomorrow, no blockchain will ever scale enough to adapt to ever increasing consumer needs.
the only solution is lateral scaling through L2.
but to humour you up, yes, bigger blocksize would have been "cuter". bch undeniably processed more transaction on average than btc (i was suprised by this fact myself) and yet has less backlog than btc mainnet. but value is not translated by efficiency. and thats is where the price of both coin is talking.
in another vein, which coin has the 2nd best value track record since 2021? i give you the hint : tron
So, I always find several implied assumptions when it comes to scaling.
1) That everyone on the planet is going to be using crypto.
+won't be a black/gray market niche
2) That everyone on the planet will use a *single* crypto.
+won't be a range of different cryptos that provide differing utility
3) That it can't scale given a slow enough rate of adoption.
+consumer tech advances (Moore's law)
+protocol scalability improvement (Monero tx size shrinking by 80% since inception)
4) That decentralization is binary and not a spectrum.
+otherwise why not 0.1MB blocks instead of 4MB? It's unlikely and seems pretty convenient the 4MB blocksize just so happens to be the "cut off" point for being considered decentralized.
1. Agreed
2. Agreed
3. Agreed
4. The original 1mb hard cap was supposed to be removed so bitcoin could scale with adaption and as technology advances-
I don’t think that true. #eCash has a roadmap to scaling to billion users on-chain. We shall see if they succeed. #XEC #Crypto
Y’all don’t want to hear it that’s all it is.
Will you listen to some like him instead of me?
Probably not.
https://x.com/fiatjaf/status/1700537798204301516?s=46&t=__Y2CtKt0vRsYfiUUwR5tQ
I’m not an expert in scaling #blockchain tech but I’d like to see a rebuttal of the #eCash approach (the #BitcoinCash fork not the Fedimint token) as well as #Radix approach. Maybe those techs aren’t in the radar of the author.
#XEC #BCH #XRD #Crypto
Key point to take away is "IT THE BASE LAYER CANT SCALE NOTHING ELSE SCALES ON TOP OF THAT".
Plain and simple.
Not that hard to understand.
Have you look into #eCash and #Radix scaling proposals? The author doesn’t seem to have considered these in his analysis hence until I see a solid rebuttal of these (which I haven’t yet) I have no reason to believe that these are not possible (whether or not these projects will be successful is another question).
#XEC #XRD #Blockchain #Crypto
#eCash and #Radix proposals are on-chain scaling not second layer…
Ecash is L3 built on lighting or liquid network.
https://thebitcoinmanual.com/blockchain/ecash/
And the only shit I could find about radix (rdx) was it’s a shitcoin.
That’s not the #eCash I’m referring to. As I said, I’m referring to the #BCH fork from the former lead #BitcoinCash developer. https://e.cash/
Ah……. Another shitcoin……. Come on really?
Have we learned nothing yet?
What’s your definition of shitcoin? Every coin that isn’t BTC? Okay I get it. Of course on-chain scaling isn’t a notion you’d be open to consider…
You may want to do a bit more research before calling a #crypto you don’t know a shitcoin. Here is a place to start for #Radix. There is also good technical interviews series of the founder on Youtube. https://www.radixdlt.com/blog/cerberus-infographic-series-chapter-i
#XRD
note18t6hguahqekus8nmhz6gpft67244gnfql9k2uddj90es7p74km8salcv5z
fiatjaf is fun, but his opinion changes with the wind. He usually provides no arguments or evidence to backup his opinions either.