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 …
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Replying to @yevgenydevine
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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Replying to @MustStopMurad @yevgenydevine
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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Replying to @MustStopMurad
What do you know about 0 confirmation transactions?
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Replying to @yevgenydevine
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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Replying to @MustStopMurad
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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