I am really exposing how little I know with this post.

Bitcoin is a beast, there are many rabbit holes to go down, some of them I have not given enough time dig into, mostly because of lack of interest (sorry) but I am super stoked people are into it. One is Bitcoin Core and one is Bitcoin mining. nostr:npub1f7p776fz3vlqnv9tcyw7m8nts5ceczmlaudqgjuwaxtsuwzyrqtssuvg6q of Barefoot Mining, gave a talk this weekend at BBB. The way he introduced his segment was it may be 'controversial' and piss people off as he then says he is speaking 'truth'?

I was confused, I thought most of what he was addressing was or will be solved on Layer2 and if things are congested on the base layer we simply pay more or wait days for our transaction to get on the ledger. (I am forced to wait "business' days for my stupid banks to finalize transactions right now for fees.) Also, isn't the who average 10 minute blocks based on the difficulty adjustment?

I am hoping some Bitcoin mining experts/OGs can counter some of Bob's blockspace/size/time issues. It sounds like the Blocksize Wars/Segwit all over again? Is Bitcoin going to constantly want/need more blocksize as it scales? I sure hope not. (Presentation is right at this exact spot: https://www.youtube.com/live/XxnziBTDivA?feature=shared&t=19662 )

Reply to this note

Please Login to reply.

Discussion

No replies yet.