And we should think about why Blockstream pays most of the Core developers, is against scaling of Bitcoin (its 2024 and we still have tiny blocksize) in order to sell their own L2, Liquid network where they collect all the fees...
This needs to be addressed in the community, now.
I think this is very serious. I also pointed out the promiscuity between miners/pools/meta capitalists. But how long until no individual can run a node of their own? How to solve this problem? What are the existing proposals? I think the idea of a side chain sem auto custódia segura e simples is rubbish, but I don't like the idea of large blocks without solving this ugly deception between miners and node runners.
In my opinion, I see no way out for BTC in the long term.
Im also not a fan of huge blocks, but a blocksize upgrade to 10mb or something would solve most problems for now, also self custodial lightning would be easier if fees were lower.
The current limit is treated like a golden cow which can not be touched even though we have much faster internet and much larger storage capacity than 13 years ago.
Sad to see that so many people get onboarded to custodial lightning wallets which is just paypal on bitcoin, no privacy, not your coins, not your keys. Just a bank with a different name.
Btc with 10 mb blocks lol
Maybe BCH with 8 mb then 32 mb + abla were right all along lol 😂
Blockstream doesn't pay most of Core developers. Spiral, Opensats, Brink and Chaincode each probably pay more than Blockstream. I don't have any numbers though.
The tiny blocksize makes sure that Bitcoin stays decentral. If you raise the blocksize, Bitcoins blockchain would grow too fast, requiring more storage, which could get really expensive, which would lead to the point that running a fullnode would centralize to less and rich entities. Currently, a 1TB SSD is enough to store the whole Bitcoin blockchain.
This is the narrative which is more than a decade old now.
A 12tb harddrive costs 120$ now, Internet speed is 10-50x faster. There is no point running a node on a raspberry pie for $50. A single transaction has cost more a couple weeks ago.
Instead of increasing the blocksize to a reasonable size, adapt to the technological progress we have a chain which forces users into custodial wallets, which are not decentralized at all. It is paypal on bitcoin, no progress, no privacy, no control over your coins.
The blocksize limit is destroying everything what bitcoin was made for. It was supposed to be a p2p currency and to replace banks. Now we have Bitcoin Banks. Fuck that.
