Bitcoin fees are currently only a dollar, but niche programmers are suggesting to change the fundamental nature of bitcoin and increase its attack surface to make it more scalable… for people who don’t necessarily know or understand the trade offs of that scaling.
Scaling is an important discussion, but everything is a trade off. I like many of the scaling discussions, but rushing them is another matter.
It costs me $100 to buy a 1oz gold coin by mail, or to send signed documents internationally in a few days. Verification is expensive.
The idea that global monetary verification should be super cheap inherently comes with security trade offs.
All ideas should be evaluated carefully and come to major consensus. Otherwise change proposers risk a fork war.
LynAlden / Lyn Alden
npub1a2…cw83a
2024-05-12 21:16:38
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2024-05-12 21:16:38Event JSON
{
"id": "7f19ee389372aa9a51c48912a6f9f31a3197a34c295bd60288c52b6be1494416",
"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"created_at": 1715548598,
"kind": 1,
"tags": [],
"content": "Bitcoin fees are currently only a dollar, but niche programmers are suggesting to change the fundamental nature of bitcoin and increase its attack surface to make it more scalable… for people who don’t necessarily know or understand the trade offs of that scaling.\n\nScaling is an important discussion, but everything is a trade off. I like many of the scaling discussions, but rushing them is another matter.\n\nIt costs me $100 to buy a 1oz gold coin by mail, or to send signed documents internationally in a few days. Verification is expensive.\n\nThe idea that global monetary verification should be super cheap inherently comes with security trade offs.\n\nAll ideas should be evaluated carefully and come to major consensus. Otherwise change proposers risk a fork war.",
"sig": "d46bdf80dd18ff35e8749259055f4b25d49e729648552ef6785e08218f978912b1f27e87ede1eda686c3c6676b4f42e77ba20ace7153ccaa2910a497ffa1663e"
}