I've got to [get/move/stay] out of here. It needs a verb there. 🤎
Jesus hung out with prostitutes, tax collectors (most hated of the day) rough fishermen, lepers...
Gods wisdom is foolishness to the world.
No. But I would not have before. I do not resonate with the leadership of the company.
Now I should look up the tos and fros. 🤣
Is a f(r)ee market.
If on chain transactions go to 1 sat traffic for on chain settlements will rise. And when fees go back up, pressure to use second layers will go up again.
This is how the market finds its balances. And ultimately how bitcoin scales.
This is self correcting. Is the difficulty adjustment for the human side of bitcoin. And since its humans we will try to game it. Nature of the beast. But free markets well always find balance.
DeepSeek R1 70B
Thought Process
Yo, lemme drop some knowledge like a hot new single. So, back in '89, there was this major vibe in Beijing, right? Students and other cool cats were chillin' in Tiananmen Square, talkin' 'bout democracy and freedom, ya dig? They were all about that reform life, pushing for the government to loosen up, know what I'm sayin'?
But then, the man, you know, the powers that be, they weren't havin' it. They rolled up with the military, and things went sideways, real quick. It got messy, like a bad trip, and a lot of people caught some bad ends. The exact numbers? Man, that's still a mystery, wrapped in a riddle, 'cause the government ain't talkin'.
After that, they clamped down hard, like a tight grip. Info got locked down, and anyone who spoke out got the side-eye, big time. It's still a touchy subject, even now. So yeah, that's Tiananmen in a nutshell, but keep it on the low, 'cause it's heavy, you feel me?
Not to mention that this is still impossible as many people will not sell 25mm sats to a low end millionaire at a price they would want to pay.
The number of bitcoins practically available to those 50mm people is likely waaaaay lower than the theoretical maximums.
Calling people who disagree with you illiterates does not win any of them over.
I think Hal Fineys assessment around scaling back in 2010 was right. I think nuanced solutions will continue to emerge to allow for scaling off chain.
But I also think we should try to find ways to reach consensus around tech to increase on chain efficiency and storage.
Ultimately we could never even come close to increasing block size enough to serve all 8 billion of us transacting on the base layer without centralizing verification and breaking the most important features of the system.
*culture... (Not chille ha)
That one is a strange English idiom.
But I take you for a very curious adventurer inn Chile and language.!
You will find out who to mute.
I agree. I am even for a conservative block size increase, because I think as technology evolves, we'll be able to handle that. But I also understand that many people are going to resist that, and I guess there in lies some of our problem, even if increasing the block size is not one of ways we code to scale on chain.
But I also see this as difficult because too much block size increase would certainly centralize the system. So it's a delicate dance we would have to do and the further we go down the road the harder it's going to be to make that kind of change period.
And perhaps most of all, a block size increase might grant us a brief reprieve, but we will never be able to increase the block size of Bitcoin to the point that it would be scalable on the base layer. So it must be another solution in my opinion.
Do you have other ideas for how scaling on chain could happen?
We saw this with the covid drama. People who chose the vaccine wished death on the unvaccinated, and then the unvaccinated cackling with glee as cancer rates and unexplained heart issues went up in the vaccinated.
Both sides felt justified in literally celebrating death on the other.
Sad state.
Don't you think though nostr:nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpspr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0yfjuhy that scaling will have to happen off chain? Obviously trusted third parties are the easiest way to scale. This is what things like blackrock or Strike may evolve into. Banks. Cashu is also a trust based solution. But then there are current and potential systems that make different trade offs and retain sovereignty. Like lightning at the cost of fiction. Or compromises like federated systems. Liquid. Fedimints.
I expect bitcoin banks will emerge that adopt systems that preserve trust minimisation.
Then use Monero. That's how it works. Bitcoinners chose different trade offs.
Nothing is free. Larger block sizes lead to centralization and would break bitcoins security model.
I would say its super important to learn about the blocksize wars.
Users chose smaller blocks to preserve decentralization.
It's true right? Some of the GY6 scooters I saw here in Dallas were from companies that had stopped operating by the time the scooters were for sale here. So if I had a part I needed I would be on my own. And I could probably find something that MIGHT work...
I ended up buying a Kymco scooter. A "Super 8" . Pretty much a Chinese scooter, but from a company that was in business for a long time. And still is.
Also... PERFECT use of "LMAO". :) Nice!