Nostr Web Client

shit just gets more and more complex and more and more trust in third parties is needed. Increasing the blocksize regularly and adapting to technological progress seems like such an easy and elegant solution in comparison...

plebeian 1y ago

We’ve been there already and no that is not the solution. No blocksize can put everybody on blockchain nor it should. It would only centralize everything and we’ll be at the same place rethinking scaling with just enormous remorse.

Money is layered system and that is the only proper thing to do. Don’t reinvent the wheel. Things have to get very complicated before they become simple 😉

Just take a look at what Satoshi did - he took couple of very complicated things and combined them in very simple way

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Discussion

Chuck Langstrumpf 1y ago

Bitcoin is centralized already with only 12 entities controlling the mining and block templates. Lightning is terribly centralized as everybody uses custodial wallets. Not your keys, not your coins.

Start thinking for yourself instead of repeating the lines from 2017.

plebeian 1y ago

We did get to vote. Me selling BCH after the fork was a vote.

You need to understand the incentives better. No one ever promised 1 sat/vB fees and your equation does not take into account miners incentives. On the other hand 90% of the world can not afford couple hundred dollar equipment for a node.

But the most important thing to understand is that for blockchain to compete with traditional rails we need blocks to be larger than 1Gb and that is by current metric where half of the world is not banked so if you wanna bank everyone you need huge blocks and that fucks up everything. So back to my initial point - no blocksize can put everyone on the blockchain

Chuck Langstrumpf 1y ago

Your answer has nothing to do with what i wrote.

plebeian 1y ago

Then read it again and again and again until you find an answer