Replying to Avatar BitcoinStu

what's amusing is you say "decentralized" in the same paragraph where you say "but not everyone can run their own node". You justify that by saying "well, not everyone has to". But all you're really doing is contracting yourself.

If not everyone can run a node, then it's not trustless. It's really quite simple and has nothing to do with "banker talking points". I knew that I wanted to be able to validate the chain myself long before the "bankers" were involved in bitcoin. Before bcash was created, adding yet another failed contentious hardfork.

There is a reason that bcash is down 98%. And it's not "talking points". It's because many of us who have studied enough to understand what's important in a monetary network realize that bcash is a centralized garbage shitcoin.

Bitcoin only. You'll learn, one way or the other.
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BitcoinStu 1y ago

"most can run a node". Only because no one uses bcash. If they did, no one can run a node without millions of dollars of hardware in a low latency datacenter.

The fees on bitcoin are trivially cheap.

Bitcoin on the base chain will not be a global payments network. That will require L2 and L3 solutions.

I am not contradicting myself at all. I'm telling you that I REQUIRE a network that allows me to run a node on my laptop. Anything else and I am not interested.

So you can continue to use bcash and I will continue to use bitcoin. Good luck.

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BitcoinStu 1y ago

"any computer can validate bcash" This is simply untrue and I have tested it myself with my own hardware. I don't know what talking points you think I'm "spouting" by my opinions are based on 10 years of study of the protocol. I have had these opinions, as I said, since long before the blocksize debate.

Also worth noting when you say "the original design" it was satoshi in 2010 who created the 1MB block size limit. I know this because I've read the code.

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BitcoinStu 1y ago

the blocksize limit on bcash is currently 32 megabytes. If you look at the time required to validate a transaction, and you assume those blocks are full, you will quickly realize that "any computer is capable of validating bcash" is just simply not true.

Try it yourself, you'll see. If the blocks were full it would be impossible to sync a node because you would never catch up. The blocks will come faster than you can validate them.

The only reason it's possible to sync a node today on bcash is because those blocks are not actually 32 meg... they are all empty because no one actually uses bcash. Were they do, only a few nodes in massive datacenters would be able to validate the 32 megs of transactions per block.