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The blocksize limit is the single most important thing that’s protecting #Bitcoin for all of this bloat.

The crypto bros who think this is evidence that bitcoin should’ve raised blocksize “to scale,” genuinely never even understood the scaling problem, nor why or how bitcoin actually achieved what it does.

Fiat Shenanigans 🤡🌎 2y ago

Big blockers had valid concerns about scaling at the time, but their solution wasn't a valid solution.

Look where it leads. Imagine you're trying to run a full node at home and the storage requirement is increasing by 400MB every ten minutes.

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Discussion

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 2y ago

Payjoin. P A Y J O I N. get the chant going, the sooner someone makes a p2p protocol for coordinating them the sooner we slash on chain payment costs. I mean, a lot, we can realistically squash 128 into the space of about 32. That's an 6x reduction.

Fiat Shenanigans 🤡🌎 2y ago

Yes! More elegant solution than "MAKE BLOCK BIGGER!"

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 2y ago

a payjoin L2 needs to be built.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 2y ago

also, before schnorr signatures, it wasn't possible. In fact the patent ran out not long after Bitcoin was launched but it wasn't until musig that they came online.

High Heel King 2y ago

No, you see, that makes too much sense. Trust me bro, Im new to Bitcoin and I'm here to fix it