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5 sats \ 7 replies \ @ek 27 Oct \ parent \ on: BIP 444: Reduced Data Temporary Softfork bitcoin
Do you acknowledge increasing the block size to “scale bitcoin” does not make sense given that it does not solve the problem, only delay it?
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0 sats \ 6 replies \ @ryu 27 Oct
Scaling it to try to beat traditional payment processors, I do agree that's a nonsensical pursuit and endeavor.
Increasing it to remain and retain competitive ability and decentralization at an individual level isn't something I feel is nonsense though.
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0 sats \ 5 replies \ @ek 27 Oct
If we can’t beat traditional payment processors and bitcoin will still actually be used for payments one day everywhere in the world, these traditional payment processors will build centralized solutions on top.
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0 sats \ 4 replies \ @ryu 23h
Ideally, the statist asskissing ceases well before it reaches the displacement point. Otherwise, it's globally adopted at the cost of disruptive impact and ability to truly finance freely.
Niche Displacement > Accepted Subversion
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0 sats \ 3 replies \ @ek 23h
Now you’ve lost me but that’s okay
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0 sats \ 2 replies \ @ryu 23h
What part creates a schism? The entire point of Bitcoin as it was originally created was to disrupt both traditional banking systems and the global fiat currencies underpinning them; I'm sure the OG cypherpunks (who are all using Monero or Pirate now, or something even more niche and/or private) and Satoshi themselves would be pissed seeing JPMorgan Chase and firms like Blackrock gush all over it now that it poses no systematic threat.
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0 sats \ 1 reply \ @ek 18h
What part creates a schism?
wanting to disrupt both traditional banking systems and the global fiat currencies underpinning them with a system that can't scale to compete with them on a global level
Otherwise, it's globally adopted at the cost of disruptive impact
you want disruption, but not global adoption, that makes no sense to me
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0 sats \ 0 replies \ @ryu 18h
When I say the latter, it's seeing its adoption in both its current form and at their hands. That's not something I'm a fan of.
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