Nick Szabo  🔑

As long as charlatans insist on treating block size as a political football instead of a technical security setting, Bitcoin is in danger.

Indeed the theory is so bad in this area that we need very large engineering margins for safety.

Agree! Though this can be interpreted multiple ways, eg "we need the block size to be big with large safety margins so blocks don't clog up"

No. Clogging up is not a matter of safety (security): it's mainly just a matter of fees.

When fees rise enough to make physical hologram millibitcoins unspendable, that's de-facto loss of funds. That *is* a security failure.

It's an extremely limited failure based on people using a blockchain in a way it could not sustainably be used (i.e. for micropayments).

How do you percieve DAG based DLTs as a solution to the micropayment issue? satoshipay.io is converting its nanopayment service to IOTA atm