Blockstream is not interested in seamless scaling. They are interested in constantly fixing the problems they, themselves, have created. It's the only way they can make money off investors. In a seamlessly scaling system, Blockstream are not needed to even exist.https://twitter.com/yevgenydevine/status/965814988299436032 …
If you keep increasing Blocksize, running your own node becomes expensive for an average person, only the rich can do it. This disallows you to possess financial self-sovereignty + causes centralization. Better use Bitcoin as a settlement layer and scale on top or on the side...
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An average person was never intended to run a node, according to Satoshi Nakamoto. Full nodes are Internet Explorer of Bitcoin economy, they are waste of space with no value to the system.
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They have value to the user. They have value to me. Have you seen Bcash nodes? 55% are running on Alibaba Cloud. I think we also need to read into Satoshi less religiously because it’s been 10 years with numerous evolutions that are exponentially more difficult to predict then.
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Users don't care about nodes, they care about sending and receiving money. It was months ago, and it doesn't matter where they run. All we got in 10 years is a bunch of economically illiterate monkeys that try to re-invent the wheel. It's not evolution.
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You could never scale the base layer via blocksize enough to compete with centralized infrastructure speeds. That’s why I think decentralization should be prioritized at the base layer and scaling should happen offchain / on top / on the side.
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What do you know about 0 confirmation transactions?
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Bitcoin is not trying to become a medium of exchange but rather a superior gold. It is trying to displace not even the Central Banks but the IMF, BIS and the like as a settlement layer / trust layer / global reserve.
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Bitcoin is created to become a medium of exchange. Blockstream is not trying to make BTC anything, I'll explain what they do with BTC soon, probably in an article. This "store of value" nonsense is economically illiterate, they simply try to fill their pockets.
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I think slightly inflationary Stablecoins will be MoE and Bitcoin will be a deflationary reserve SoV. No one wants volatile MoE, eslecially not volatile UoA. People want to use the same thing for MoE / UoA. Even at 10+trillion current crypto will be too volatile for UoA.
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