968 sats \ 6 replies \ @oomahq 20 Feb \ on: Bitcoin has a Scaling Issue bitcoin
Bitcoin was never meant to scale to all humanity, and that is OK.
It's more important to not break it than getting everyone's pet opcode activated on mainnet.
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533 sats \ 1 reply \ @George203BTC OP 21 Feb
This isn't about pet opcodes sir. CTV is very limited and would be one of the simplest changes ever made to bitcoin. And CTV certainly doesn't scale us to all humanity, it's non recursive. But its a small step in the right direction and hopefully can set a good precedent for future changes if we see a need for them. I hope you actually read the whole post, because I feel I explained why we need at least a bit more scale on top of what we already have.
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11 sats \ 0 replies \ @oomahq 21 Feb
Right.
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21 sats \ 1 reply \ @wealthcrumb 20 Feb
Early messaging around BTC said that it would. Not saying it should, but there are years of messaging that were saying otherwise, even before the block size war.
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10 sats \ 0 replies \ @oomahq 21 Feb
Bitcoin was designed so that every single transaction needs to be broadcasted to every participant in the network and stored forever.
IMO when you understand the implications of that, it doesn't matter what people say or used to say.
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10 sats \ 1 reply \ @joda 21 Feb
UTXOs for everyone, yeah no.
But if Bitcoin doesn't scale to all humanity, then its value proposition is diminished significantly.
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10 sats \ 0 replies \ @oomahq 21 Feb
It never did. More like its value proposition would increase significantly if it does :)
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