Replying to evergreen212

Why tf is someone going to run a node for a network they can't afford to use?

Do you guys ever listen to yourself?

Not even most Bitcoiners run their own nodes and fees are relatively cheap right now (imagine if global adoption ever happens). There are only ~20,000 bitcoin nodes (or ~50,000 depending how you want to measure it). Unless you think there are only that many Bitcoin users in the world?

https://bitnodes.io/

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Jeff Swann 1y ago

So you wouldn't run a node to audit the Fed right now?

The problem is that retards like you don't understand that bitcoin is trying to solve a $200trillion global money supply problem, not a fucking coffee txn problem. The coffee txns may be solved with other layers, but making coffee transactions better isn't going to set the world free if govts can still enslave everyone by printing trillions of dollars.

The higher value problem gets priority if we want to make the world better in the biggest way.

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evergreen212 1y ago

You don't have to call me a retard just because I don't agree with you

No I wouldn't run a node to audit the Fed because I wouldn't be using the US Dollar if every transaction was hundreds of dollars in fees to use it (Bitcoins future with more adoption as we see EVERY TIME USAGE INCREASES). No one would.

So do you think there are only 20,000-50,000 or so Bitcoin users in the world right now?

If no, then why isn't even a fraction of them running a node right now? Why is Bitcoin considered to still be decentralized right now even though hardly any of them run a node? Not anywhere close to all users wants or needs to run a node for a network to avoid capture and be decentralized.

Ironically the coffee txn is what 99% of the world cares about. How cheaply and easily they can use their money. That's why most of the global south is using USDT on cheap networks.

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Jeff Swann 1y ago

Not understanding that preventing monetary debasement is the whole point actually makes you literally retarded. Your ignorance seems to be so complete that you don't even know that you don't know enough to have an opinion.

Go read Meltdown by Tom Woods or The Creature From Jekyll Island or Layered Money or The Bitcoin Standard or The Fiat Standard or anything about Austrian Economics & money.

The genisis block message about Bitcoin being in response to bank bailouts wasn't some sort of random accident. Jfc.

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Chuck Langstrumpf 1y ago

The headline of the whitepaper says p2p digital currency, that wasn't some accident either...

If we rely on trusted third parties, we will have monetary debasement.

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evergreen212 1y ago

Insults are not arguments I thought Jeff Swann would know better than that

Yes, I know plenty about monetary debasement and austrian econ and I listen to Tom Woods regularly. You don't have some special esoteric knowledge. You can have decentralized, predictable, and PoW issuance that has none of those things in common with fiat.

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Jeff Swann 1y ago

Bitcoin is a global court system for proving ownership of wealth. Going to court may cost $1000+ but a court that cannot be cheated & provides a receipt with millions of dollars worth of protection almost immediately & billions pretty quickly is not for doing things where you would naturally just throw the receipt away.

You are not thinking about these things properly & you do not seem to understand the scope of the problem.

There will be as many more transactions in bitcoin as there are individual internet requests today vs phone calls in the 80s. So making blocks bigger CANNOT even begin to solve the problem. It's like standing in front of the ocean & I have a cup & you have a bucket & you are talking about how much more of the ocean yours holds. It makes no difference.

Bitcoin is a broadcast network. The overwhelming majority of payments MUST be done on a unicast layer. This is not up for debate. It's just basic reality. Whether you understand it or not is your problem.

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evergreen212 1y ago

You still havent answered the question either

"So do you think there are only 20,000-50,000 or so Bitcoin users in the world right now?

If no, then why isn't even a fraction of them running a node right now? Why is Bitcoin considered to still be decentralized right now even though hardly any of them run a node? Not anywhere close to all users wants or needs to run a node for a network to avoid capture and be decentralized."

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Jeff Swann 1y ago

I don't want everyone to run a node, I want most to be able to run a node so that the ratio of users to node runners improves rather than gets worse.