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Don’t you think that the blockchain trilemma is real? That you actually have to sacrifice speed on the base layer to gain security AND decentralization? And if so, why?!? To be stuck with a slow moving money? What have we gained if we don’t find ways to speed up things without sacrificing EVERYTHING?

_ 2y ago

But why not allow it to support the world’s population? It is a finite number. It’s not like the world’s population is growing. At least support weekly transfers or even monthly. Lightning is going to concentrate all Bitcoin into the hands of a few. Now you have the old banking system.

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Discussion

_ 2y ago

To be clear the issue here is Bitcoin rather than Lightning. It needs to support more transactions per block.

Hans Karlsborn 2y ago

To what cost?

_ 2y ago

Mostly more storage. Now you could say that will mean less raspberry pis. But what is the point of rpis when all Bitcoin is owned by a few and hardly anyone has their own keys?

So there must be a balance and 200k tx/day doesn’t seem to be enough.

Hans Karlsborn 2y ago

Exactly how many more transactions per block? 10 times more? 100 times more? And what is the COST of that?

_ 2y ago

What is the cost of not having it?

Hans Karlsborn 2y ago

I’m shure that your intentions are good. But there are things you’ve not completely understood.

_ 2y ago

Even from a simple Moore’s law perspective, shouldn’t the block size be able to double every 18 months? If not, why?

Originally you needed a multi thousand dollar computer to run Bitcoin now you can run it on a $20 computer.

Des Imoto マキシ 2y ago

It will all balance when it’s needed. Bitcoin is a multi-variable optimum at any given time.

_ 2y ago

I like your optimism!

Des Imoto マキシ 2y ago

It’s just math.

Ahi 2y ago

Worry about it if it becomes an issue and layering is not succesfull. For now 300k blocks would do just fine.