Satoshi nakamoto put the 1mb there for a reason.
Lower blockchain growth
Faster verification speed
Less risk for half downloaded blocks
Easier on simple devices
Higher fees to reduce mining costs
Drawbacks?
Slow transactions
However, Satoshi Nakamoto already knew about a possibility of payment channels, to solve this.
Money is only scalable to some extend. We souldn't expect bitcoin to be so scalable.
The 1MB blocksize is more important than we think. It has to be re-implemented as fast as possible.
₿D /
npub1l7…s346f
2023-03-13 17:54:16
in reply to nevent1q…t494
Author Public Key
npub1l7w648v78pa0v8c3r5j6fmenynnzurk0n4pmspej2hw8fgf54nlq4s346fPublished at
2023-03-13 17:54:16Event JSON
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"created_at": 1678730056,
"kind": 1,
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"content": "Satoshi nakamoto put the 1mb there for a reason.\n\nLower blockchain growth\nFaster verification speed\nLess risk for half downloaded blocks\nEasier on simple devices\nHigher fees to reduce mining costs\n\nDrawbacks?\nSlow transactions\n\nHowever, Satoshi Nakamoto already knew about a possibility of payment channels, to solve this.\n\nMoney is only scalable to some extend. We souldn't expect bitcoin to be so scalable.\n\nThe 1MB blocksize is more important than we think. It has to be re-implemented as fast as possible.",
"sig": "4ee6f408fb3fcb62ba287c27d7e0244e2edd7cb852b6721f1b4585b8cfa8a62f518753bd19a114ae53189d023c44e86bd048ec694499f6df330aa897e6b4e641"
}