How does #bitcoin scale really tho? Like if the current solutions like Lightning cannot scale self custody to the masses, do we invariably fall back into fractional reserve - with a couple of bitcoiners traded in as the new masters in a few places here and there?
I am asking because thinking about this seems to always lead to back to big blocker logic. Like I’m not talking about Bitcoin Cash, I’m talking about Moore’s law scaling to where a decentralized network can be run with blocks several orders of magnitude larger with the standard of widely accessible consumer compute. At such a point, if we reach it, does an expansion of blocksize start to make sense?
We certainly should not sacrifice bitcoin’s decentralization, but does that actually require Bitcoin being locked into the storage and bandwidth standard of 2008 as we progress into the future?
Thoughts?
#AskNostr
#Plebchain
#DeepThoughts
Moon
npub1th…m930q
2024-02-06 16:26:03
Author Public Key
npub1th6p84x9u5p4lagglkvm8zepa2dq4s9eanp57vcj4w5652kafads7m930qPublished at
2024-02-06 16:26:03Event JSON
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"content": "How does #bitcoin scale really tho? Like if the current solutions like Lightning cannot scale self custody to the masses, do we invariably fall back into fractional reserve - with a couple of bitcoiners traded in as the new masters in a few places here and there? \n\nI am asking because thinking about this seems to always lead to back to big blocker logic. Like I’m not talking about Bitcoin Cash, I’m talking about Moore’s law scaling to where a decentralized network can be run with blocks several orders of magnitude larger with the standard of widely accessible consumer compute. At such a point, if we reach it, does an expansion of blocksize start to make sense?\n\nWe certainly should not sacrifice bitcoin’s decentralization, but does that actually require Bitcoin being locked into the storage and bandwidth standard of 2008 as we progress into the future?\n\nThoughts?\n\n#AskNostr\n#Plebchain\n#DeepThoughts",
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