1451 sats \ 4 replies \ @03a9f7de67 17 Apr 2023 freebie \ on: I'm losing my faith bitcoin
What you're looking for, that early days spirit of bitcoin, that disrupt things, control your own money, transact privately, and use it as money and a tool for freedom, not a speculative instrument... that ethos you're looking for now lives within Monero.
Join the revolution, find me on Twitter @donttracemebruh
Monero can’t scale 😬
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An average monero tx is 2.5 kilobytes, and has dynamic block sizes that expand during periods of high volume of txs and then contract again. Nodes can be pruned to 1/3 of the full size.
The largest single possible bitcoin transaction is 4 megabytes which takes up an entire block and includes a jpeg which is stored on full nodes and has to be verified by all users.
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The problem (at least w.r.t. scaling) is not the size of the historical chain, it's the size of the state, which must be maintained in order to prevent double spending.
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Bitcoin scaling is a problem as well. Lightning is becoming worse with the network growing, it seems to me.
Not saying Monero can scale well, but Bitcoin has the same issue so I would not see that as a problem.
If we can figure out scaling for Bitcoin, maybe it will work for Monero too.
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