The blocksize limit is the single most important thing that’s protecting #Bitcoin for all of this bloat.
The crypto bros who think this is evidence that bitcoin should’ve raised blocksize “to scale,” genuinely never even understood the scaling problem, nor why or how bitcoin actually achieved what it does.
If ordinals people really feel that they need bigger blocks there are fork chains they can use.
Some of them are already moving over to the fork of a fork of Bitcoin steaming pile of shit
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Big blockers had valid concerns about scaling at the time, but their solution wasn't a valid solution.
Look where it leads. Imagine you're trying to run a full node at home and the storage requirement is increasing by 400MB every ten minutes.
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Payjoin. P A Y J O I N. get the chant going, the sooner someone makes a p2p protocol for coordinating them the sooner we slash on chain payment costs. I mean, a lot, we can realistically squash 128 into the space of about 32. That's an 6x reduction.
No, you see, that makes too much sense. Trust me bro, Im new to Bitcoin and I'm here to fix it
It’s like the government with our money. Even with a 100% tax rate, they would waste and misallocate it. We would just have more ordinals and monkey butts.
increasing block size is usually framed as a negative on the basis that it increases the cost of running a node, which in turn hurts decentralisation.
another way to consider it, is that it's actually stealing from the miners...
I concur
But also in the long run the effect of the amount of extra transactions we can do per block with a 10mb block instead of now is negligible. I mean it is not make the bitcoin basechain suddenly incredibly scalable to buy coffee or something.
Exactly, this was another major piece. Even 10x or 50x blocksize, while potentially extremely consequential to the ability to run a full node and the risk of explicit spam attacks and UTXO bloat in very short time spans, it does practically nothing for the scaling problem. In the end we still need literally all the tech and layered protocols we would need with 1MB blocks.
So, make it smaller
It's clear to me now that most of these wizards, clowns, whatever you want to call them are just petulant, immature children still pissed over the blocksized wars. They need to grow up.
So much VC money going to transaction fees right now
When you're investing 500 msat in something, 30 ksat for a transaction is not something you worry about.
If we increase the block size, those wizard freaks will just find some other junk to fill it up. Improves nothing, ruins everything.
well said!
the shitcoiners think like the federal reserve in a way...
