1) What lots of people don't realize is that they tried to turn #Bitcoin into a server-client model and failed, they wanted to overtake the base layer and build a small interconnected circle of supernodes and squeeze everyone out into SPV clients.
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Yes, because our blocks were empty back in 2013. You can still do that with just about any other coin. You can't in
#Bitcoin now, because bitcoin is too big and we're hitting scaling limitations of blockchains. Blockchains are absolutely shitty platforms to transmit data on. -
That's exactly what I try to show in my article, why blockchains suck for transferring data and why unicast transactions on lightning and other L2 layers are the *correct* way to scale. Blockchains are only good at creating digital assets and providing immutable/underlying proof
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maybe layer 2 is the correct way to scale Bitcoin. but other protocols have different consensus mechanism that scale vastly greater than Bitcoin. i.e. Steemit, BitShares, and soon
$EOS.@bytemaster7 has proven that DPoS works at scale better than PoW. so bring on the competition!
End of conversation
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