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a_yawning_cat's profile
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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat Jun 25

      bitcoin vs bitcoin cash. bitcoin is like magical amazon boxes full of gold but there are limited # of transactions per day, not enough to fulfill all trade requirements meaning that bigger boxes will be prioritized b/c they are big and important

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    2.  🐈‏ @a_yawning_cat Jun 25

      bitcoin cash increases the number of transactions and so lowers the size of boxes making it more accessible for the everyday person who is making small box transactions.

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    3.  🐈‏ @a_yawning_cat Jun 25

      some say that this is more in line w/ the original whitepaper where bitcoin is envisioned as a peer to peer system. it's more like "cash" wo an increase in transaction throughput, a centralized entity has to bundle them. bitcoin can't be used directly by the smol

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    4.  🐈‏ @a_yawning_cat Jun 25

      imo bitcoin as a base layer handling only the big boxes makes more sense b/c the decentralized system is stupidly inefficient. "just make it bigger" seems like an overly idealistic solution

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       🐈‏ @a_yawning_cat Jun 25

      in a computer system, speed of memory is tiered. you have l1, l2, l3 cache, ram, disk, cloud, etc... the base layer as something slow but "hard" and "final" makes sense. e.g. bitcoin as a "shipping container" https://response.restoration.noaa.gov/about/media/how-modern-day-shipping-container-changed-world.html#:~:text=Container-,changed%20the%20world,-Feb …

      10:39 PM - 25 Jun 2021
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