NEW INTERVIEW:

Bitcoin Does Not Scale with nostr:npub13ndpm2hm9hud4azsq5euhf5mv3d05r90wymwxsd7rdn29609hhvqp60svh

Bitcoin Does Not Scale | John Carvalho on Lightning, Ossification & Consensus

https://youtu.be/mUEzo-MSkwY

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Discussion

Think I’ll pass on this one

Sure! May I ask why?

Because bitcoin doesn’t have a scaling problem: the base layer simply doesn’t scale. I’ve heard enough of his whining and grievances. Block space is still stupidly undervalued.

Second order effects need to be carefully considered. My fear is that if miners profits are further cut by another significant change. (Whatever that may be) They now have another business model they can pivot to over time. Sell their ASICS and buy GPUs. World reserve assets that are based on proof of work, do not scale for a reason, because they are, or need to be secured.