it's a long story but basically the bitcoin blockchain was gimped on purpose to get people to use the lightning network instead, and the lightning network is broken af. there are no good bitcoin wallets. if you want to know how people allowed this to happen, you can look for yourself and see how stupid and delusional the bitcoin maximalists are and take a guess.
Discussion
Oh no, let me guess. You're a bcash scammer 👀
Really? Can you explain?
Here’s what I was talking about btw, it btfo’s lightning p hard. https://github.com/davidshares/Lightning-Network
funny thing is bitcoin devs are actually right that it's a good idea to offload some amount of transactions onto a second layer. they just don't know how to do it very well as evidenced by this link. ethereum devs have already implemented multiple ways to do this and they all work better than lightning network.
A centralized, premined shitcoin with Vitalik on the top, wow.
what are the eth options?
someone tried to do a second layer with channels like what lightning does. it didn't really get anywhere. then a sidechain was made and it's still really popular but people acknowledge that sidechains are not as secure. now there are optimistic rollups, but they're still not perfect and have some limitations. rollups secured by zero knowledge proofs are better. until just recently nobody had a working zero knowledge rollup that could do smart contracts.
Here are your ETH roll ups
?odnHeight=450&odnWidth=450&odnBg=ffffff
any links? roll ups and zkp sound interesting
its great people continue to explore new things as blockchains have big problems
it really really irritates me how bitcoin maximalists pretend that everything they have is perfect and everyone else is wrong. there are so many ways to do this and we still don't know the perfect way to do it. if somebody ever tries to sell you a solution and they won't ever discuss any of its flaws, they are trying to deceive you.
perfection is an impossibilty we can only humbly hope to improve things, blind luck might have us stumble on something radically better, the cypherpunks worked a long time to get to bitcoin
i am not a maximalist btw, just someone trying to expand freedom and consciousness
If someone ever tries to sell you a solution and it has another token, it's a scam.
All work better, having its own token.
#Bitcoin has more L2 solutions than LN but scammers will never tell you that.
That's why it keeps growing, lol
Madoff did a p good job of growing his network too.
Sure, comparing a layer built on top of the most decentralized monetary network in the world to a scammer. Great argument indeed.
Bitcoin isn’t decentralised at all. About 40% of nodes are on AWS, Amazon actually controls the network.
Bitcoin is the most decentralized network in the world. You've been lied to.
Give me a link you your 40% claim 😂
I don't know which 40% claim you're looking for since my client is all kinds of broken, but I do have a 41% claim here
So you are 41% retarded indeed. Good to know.
How many #nostr clients have you tried so far. How many have you developed?
Hey, don't get mad at me. That's not my report.
I tried one called Gossip that required me to download half the entire Rust database of libraries and nearly melted my computer compiling, and it looks like something written in Java in the early 90s.
That and Iris.
Installing gossip took me about 30 seconds. Yes, it looks like something from last century. If your computer struggled with that, get a new one.
Lmaooooo bro is confused with mETH
the current state of bitcoin is the result of the block size debate. people came up with the idea that if you add more than 2 mb of data to the ledger every ten minutes, it will cause all our dicks to fly off. they even invented a slur for people who don't believe this. they had to invent the rube goldberg machine known as the lightning network in order to uphold this dogma, and it took them so long to make something that looked sort of usable that many people just abandoned bitcoin entirely. a small number of people tried to fork bitcoin and were not very successful.
What was the slur? How many mb should it have been?
Yet, you forget to check the size of current #Bitcoin blocks, before you opened your mouth. 👀
Houston, we gave a butthurt bsver
a big issue with blockchains is they continue to grow in size, it would be great if you could just reset them at intervals and scrap most of the data
That data is people's money.
Please sit this one out lol 😂
in bitcoin that's called UTXO commitments. they didn't implement it yet. I don't know the ETH equivalent since they don't use the UTXO model. I do know that ETH has a lot more data that isn't settled history and it's a bigger challenge to do away with it, but there is a similar concept called state expiry that they are looking into.
from https://developer.bitcoin.org/devguide/operating_modes.html
Future Proposals¶
There are future proposals such as Unspent Transaction Output (UTXO) commitments in the block chain to find a more satisfactory middle-ground for clients between needing a complete copy of the block chain, or trusting that a majority of your connected peers are not lying. UTXO commitments would enable a very secure client using a finite amount of storage using a data structure that is authenticated in the block chain. These type of proposals are, however, in very early stages, and will require soft forks in the network.
Until these types of operating modes are implemented, modes should be chosen based on the likely threat model, computing and bandwidth constraints, and liability in bitcoin value.
Resources: Original Thread on UTXO Commitments
How exactly would you reset #Bitcoin blockchain data? Like remove the history? 👀
no idea
Sounds like my #Bitcoin II idea.
Imagine we can keep all coins in our heads, are able to transact using telekinesis, zero fees, including intergalactic and transdimensional transfers. Each transaction will remove one plastic straw and change it to an affordable housing. It will also make the sender 6.15 minute younger. The receiver will gain 21 seconds.
The whole system will be much more decentralized, censorship resistant, anonymous and absolutely perfect in any sense since day one.
I just have no idea how to do it.