Nostr Web Client

Follwings are just fact related to SegWit.

1. SegWit fixes tx malleability.

2. SegWit increases size of the block.

Obviously, 1. is a good thing. And then, I am little bit confused.

Is the increased blocksize really a good thing?

Sure, we should draw a line somewhere. It can be a tradeoff between abroad distributed nodes and better user experiences.

I'm just curious, because the book "The Blocksize War" is illustrating that it is a just good thing.

#asknostr

https://blog.bitmex.com/the-blocksize-war-chapter-5-scaling-ii-segwit/

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Discussion

captain ☦️ 2y ago

I think this book presents a false narrative promoted by Adam Back in which non-economic node runners congratulate themselves for taking control of the protocol. In this victory lap, it would be embarrasing to admit that a block size increase was unavoidable.

Gildong.Hong 2y ago

You makes me think deeper. I believe critical thinking makes us healthier and stronger.

Thank you🫡

captain ☦️ 2y ago

If you want to think really deeply about Bitcoin, then try going down the #Cryptoeconomics rabbit hole 🐇

Gildong.Hong 2y ago

Yes, I bookmarked the page you shared before🤙🤙🤙

Slimey Limey 2y ago

IMO is a trade off, is good to use this ledger to store other information than utxo’s.

Is not good that the blocks are bigger and therefore is harder to have the funds to run a node.

The inmutability of information, that is readily available to anyone that has access to the internet, is a good thing.

Gildong.Hong 2y ago

I don't agree with Lady Gaga videos or monkey images on Bitcoin blockchain. To me, they are definitely spams.

Everyone is able to store their data in their own storage.

Slimey Limey 2y ago

Totally, I don’t want monkey pictures there either.

But there is other information, that could be really valid for.

kcalvinalvin 2y ago

Block size increase could’ve been an argument against segwit. No one really brought it up at the time as an argument against segwit

Gildong.Hong 2y ago

I think it's because there were no small blockers at the time. It doesn't mean good or bad. Just it was.

Now I think the book is too biased and worshiping toward Blockstream side. (Yes, I'm also biased, but against Blockstream)

kcalvinalvin 2y ago

No there was. The segwit block size increase was a compromise