Donafello on Nostr: Think you got it man. All layer one blockchains developed before 2020 all have ...
Think you got it man. All layer one blockchains developed before 2020 all have scalability issues. XMR, lite, btc, eth. All of them. If you spam the network you prevent other transactions from going through and cause fees to get assure for normal user. In the first dao hack that led to eth classic Vitalik did something similar. When he realized the hacker was slowly draining the Dow him and eth team just spammed the network to try and slow him down. I think vitamin threw 5 eth at the problem. Anyway look what that caused. I was always against bigger block but seeing this constantly repeat itself it just getting crazy. New money is coming in and saying wtf is this shit. I’m out. And you never see them again for a long time if any. So I really think a small size jump in block to 2-4mb is fine. Andressen one of the first devs for btc said he had 16mb blocks running on a test net without a single issue.
Published at
2023-05-09 09:08:35Event JSON
{
"id": "75eecabb6946ddc2f1f4c43911555a3660d403b3bbd3fcbace3892114173e4b4",
"pubkey": "af446b4c9b04c22e059cc0dc17620b96b4f065e61fa7aa79a68fa9147f36065c",
"created_at": 1683623315,
"kind": 1,
"tags": [
[
"e",
"27d820241fb7be208f7e8965b28f60dd1ec626b97695c4ae0702f91dae2c191b"
],
[
"p",
"a6a6dc4d4607fac3b86b22916398a05ef33f38cae5feabec66832ce029bc1755"
]
],
"content": "Think you got it man. All layer one blockchains developed before 2020 all have scalability issues. XMR, lite, btc, eth. All of them. If you spam the network you prevent other transactions from going through and cause fees to get assure for normal user. In the first dao hack that led to eth classic Vitalik did something similar. When he realized the hacker was slowly draining the Dow him and eth team just spammed the network to try and slow him down. I think vitamin threw 5 eth at the problem. Anyway look what that caused. I was always against bigger block but seeing this constantly repeat itself it just getting crazy. New money is coming in and saying wtf is this shit. I’m out. And you never see them again for a long time if any. So I really think a small size jump in block to 2-4mb is fine. Andressen one of the first devs for btc said he had 16mb blocks running on a test net without a single issue.",
"sig": "d6fc45735e80b7661cbe820067fe5859834f1547ef9d5a08b899cfdaaf760f2bec5d202c015056701dd231d233ea02e92364278f9d00c68d231b2aec227cf0d1"
}
