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Prediction: in a few years we’ll increase the Bitcoin block size.

If the reactions to pegged sidechains are so hostile and almost nobody wants to break the 21 million supply cap to pay the miners, we’ll conclude that turning the 1 MB into a 4, 8, 16 or whatever isn’t that bad because at least we understand the tradeoffs and there is no extra complexity involved.

As @peterktodd put it: it’s cheaper to increase the computation costs than to increase the degree of human politics.

For more hot takes, listen to the Bitcoin Takeover podcast 🔥🌶️ https://video.nostr.build/5b337cc53eb37cd2290f46545c33404bf8a3d841c970ae8de19b61dca52886b4.mov

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Discussion

Colby Serpa 2y ago

Awful idea

Vlad, Bitcoin Takeover Podcast 2y ago

It will sound much better in a few years 🤷🏻‍♂️

Colby Serpa 2y ago

👎

kidwarp 2y ago

I agree should talk about blocksize again but…

In theory wasn’t this why we went with Segwit? & taproot?

Maybe we do Segwitx2 or is that just as bad as talking about blocksize?

ede3d957... 2y ago

Never going to happen.

ede3d957... 2y ago

BTC strength is its immutability. It's the main thing that differentiates BTC from ETH, XMR, BCH, LTC.

Giving up ones main identity is always bad. If there is value in BTC and its immutability the market will make it profitable and by that secure. If not, the market will move to other established solutions the moment you give up your unique selling proposition.

Vlad, Bitcoin Takeover Podcast 2y ago

Immutability = a transaction can’t be reversed once confirmed into a few blocks

The term has nothing to do with forks and upgrades, which have been around forever.

ede3d957... 2y ago

Any coin that sees regular hard forks (all but BTC) are not immutable from a hardened experience. Only ossification guarantees that things can't get changer retroactively. And chain security is dependent on code integrity going forward.

BTC Moon Guy 2y ago

Fork it.

Vlad, Bitcoin Takeover Podcast 2y ago

In 5-10 years, the majority of bitcoiners will think that increasing the block size is a necessary evil.

Luxas 2y ago

Hmmm

nostr:nevent1qqs2ky2retxw2l2vyt7jaf6h2y6vlca5458l04v2ttpzmqvvp4z2zwspz3mhxue69uhhyetvv9ukzcnvv5hx7un89upzq5q9f5r79n0n9vgr2ammm88h8xf2ft3zlywpffmzald2t0mp7364qvzqqqqqqyld326q

ede3d957... 2y ago

Also who is we here? I definitely won't increase the blocksize nor will I support drivechains.

The solutions are already out there for those who give up the mental flaw of maximalism.

The moment BTC gives up its immutability will mark the end of its major value proposition that makes it distinct, and uniquely valuable from all other chains.

Vlad, Bitcoin Takeover Podcast 2y ago

How do any scaling proposals “give up immutability”?

imnuso 2y ago

lol nah

Rootdude 🤙🏻⚡️ 2y ago

Nah, indeed. I’m a miner and I don’t need concern trolls fighting any fake battles for me. Sorry nostr:npub12qz56plzehejkyp4waaannmnny4y4c30j8q55a3wlk49haslga2snypdx8 - creating problems where they don’t exist is a fiat characteristic - do better friend. 🤙🏻⚡️

nobody 2y ago

No.

Cyber Seagull 2y ago

So all the antimony and division was pointless ? If only there was a way everyone could have what they want.