Bitcoin has 3-way consensus mechanism. Miners, Businesses (which represent users), and Developers. Any two can overrule the third...
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Replying to @VinnyLingham @haq4good and
It's miners, users, and developers. Businesses is just a proxy (not a very good one) for users. Users care about censorship-resistance more.
9 replies 25 retweets 246 likes -
Replying to @SatoshiLite @VinnyLingham and
Ask the average user if they care more about censorship resistance (if they even know what it is) or Tx fees and speed of confirmations. SMH
19 replies 5 retweets 21 likes -
Replying to @tedmrogers @VinnyLingham and
If you don't care about censorship resistance and only care about fees and speed, why the hell do you care about Bitcoin? Just use paypal.
16 replies 51 retweets 289 likes -
Replying to @SatoshiLite @VinnyLingham and
Folks - what % of the world had access to PayPal or ever will? This debate Ian assuming we are sitting a developed country with many options
5 replies 0 retweets 11 likes -
Replying to @tedmrogers @VinnyLingham and
PayPal is just an example. There are other equivalent ones like MPESA. The point is, there are good centralized solutions.
3 replies 1 retweet 22 likes -
Replying to @SatoshiLite @VinnyLingham and
no. not for 1/3 of world population. most have access to mobile internet or will soon but no fin. services
#bitcoinhttp://bit.ly/233Hrva4 replies 1 retweet 2 likes -
Replying to @tedmrogers @SatoshiLite and
#bitcoin will provide store of value AND means of transacting for the 2+ billion unbanked. they will have financial sovereignty through BTC4 replies 0 retweets 1 like -
Replying to @tedmrogers @SatoshiLite and
And means of transacting can be solved with layer 2. Blockchain is a limited, inefficient resource, you cant support 3 bil ppl on-chain.
1 reply 0 retweets 0 likes
It's simple math. On-chain scaling has a hard limit. Not to mention it negatively affects security.
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