Replying to Avatar Fiat Shenanigans 🤡🌎

"Be your own bank" should be for everyone!

I miss the old days when bitcoiners talked about empowering billions of unbanked people around the world.

Now the prevailing attitude from many seems to be "If you can't afford to make a transaction just don't" and "just use custodial lightning"

Are we really fine with building banking system 2.0 and financial self sovereignty only for the wealthy?

Because that's exactly what we already have today minus a hard cap on the money supply.
Avatar
( -_-) 2y ago

At some point there will be another block size war. Probably when the cost of a single onchain transaction approaches the cost of running a full node for a year. Who knows which way it will go.

Reply to this note

Please Login to reply.

Discussion

Avatar
Fiat Shenanigans 🤡🌎 2y ago

Agree. We'll have to revisit that debate eventually, unless somebody much smarter than me comes up with a more clever and elegant solution to the problem. Arbitrary block size, big or small, has problems one way or another. Dynamic block size, with certain constraints, might be a solution.

I still think L2s are the way though. The more we grow lightning and add channels the better probably.

All I know for certain is custodial solutions are not the way.

ed
ede3d957... 2y ago

Ironically dynamic block sizes come to bcash next year.

Avatar
Fiat Shenanigans 🤡🌎 2y ago

It's working ok on Monero so far. I'd still prefer to see viable L2 solutions I think and leave the base layer alone.