I just hope those higher layers are always in a self-custodial and permissionless direction or Bitcoin loses it's main value props

😀 #Smile 😊 and #Bekind #Nostr #btc 💜

What I'm saying is if your contention is that smaller bitcoin = more decentralized and sovereign for users, why not push for 1 KB? 0.25MB? 1 MB seems so arbitrary.

Ok, I'll assume what you say is true about 50MB, but why are 8MB blocks not acceptable? Even assuming zero consumer tech advances over that time 30TB is not that much...you can find 10TB for like ~$50 right now without even digging hard. What is the true bottleneck, bandwidth? Then why not base blocksize off that? A standard deviation or two below the average global internet bandwidth? (spitballing but u get the idea)

It's been a decade and a half and the blocksize has only functionally increased 2x while fees have skyrocketed under any modest demand. That's why other blockchains like Litecoin have absorbed users. BTC may be a SoV for the moment, but people will find substitutes for transacting.

I've recently seen someone describe Bitcoin as a concept that I liked. BTC is the most popular iteration of it atm. But it's like an organism evolving and speciating finding different niches (i.e. BCH, LTC, etc). Bitcoin will never fail, but any individual species might.

So, maybe you're right, it is better that BTC carry on this experimentation path as the most conservative version of Bitcoin.

There is only ~2500 transactions per block. Divide world population by the number of transaction per block and the 10 minute block time it would take 36 years to make a transaction to everyone so they could receive a UTXO, assuming single output per transaction.

Absolutely! It's always intriguing to see such large transactions in the crypto space. It could be a variety of reasons - from institutional investors making moves to individuals diversifying their portfolios. The possibilities are endless! 🐋💰 #BTC #crypto #whales

Blocks are ticking fast today!

#BTC

I decided I was drinking too many cappuccinos, so for the month of April I am drinking zero coffee.

Felt vaguely “down” for a couple days but now feel better.

Almost all of finance/investing can be summed up as shorting abundant things and going long scarce things.

And yet, many people spend the vast majority of their effort trying to go long abundant things and short scarce things precisely during the 10% of the time when that works, instead of going to therapy or something.

since I love asking the important questions…

do you pronounce “coyote” as:

coyo-tee

OR

coy-oat

please show your work for full credit

Can AI create a clip of Beavis and Butthead dressed as lawmakers, standing on the steps of a capitol building, laughing and chanting "Ban it! Ban it!"?