📅 Original date posted:2015-08-11
📝 Original message:On Aug 11, 2015 8:46 PM, "Michael Naber" <mickeybob at gmail.com> wrote:
>
> Hi Jorge: Many people would like to participate in a global consensus
network -- which is a network where all the participating nodes are aware
of and agree upon every transaction. Constraining Bitcoin capacity below
the limits of technology will only push users seeking to participate in a
global consensus network to other solutions which have adequate capacity,
such as BitcoinXT or others. Note that lightning / hub and spoke do not
meet requirements for users wishing to participate in global consensus,
because they are not global consensus networks, since all participating
nodes are not aware of all transactions.
Even if you are right, first fees will raise and that will be what pushes
people to other altcoins, no?
Can we agree that the first step in any potentially bad situation is
hitting the limit and then fees rising as a consequence?
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Jorge Timón [ARCHIVE] /
npub1fx…cl2d8
2023-06-07 15:45:51
in reply to nevent1q…v2r6
Author Public Key
npub1fx98zxt3lzspjs5f4msr0fxysx5euucm29ghysryju7vpc9j0jzqtcl2d8Seen on
wss://relay.noswhere.comPublished at
2023-06-07 15:45:51Event JSON
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"content": "📅 Original date posted:2015-08-11\n📝 Original message:On Aug 11, 2015 8:46 PM, \"Michael Naber\" \u003cmickeybob at gmail.com\u003e wrote:\n\u003e\n\u003e Hi Jorge: Many people would like to participate in a global consensus\nnetwork -- which is a network where all the participating nodes are aware\nof and agree upon every transaction. Constraining Bitcoin capacity below\nthe limits of technology will only push users seeking to participate in a\nglobal consensus network to other solutions which have adequate capacity,\nsuch as BitcoinXT or others. Note that lightning / hub and spoke do not\nmeet requirements for users wishing to participate in global consensus,\nbecause they are not global consensus networks, since all participating\nnodes are not aware of all transactions.\n\nEven if you are right, first fees will raise and that will be what pushes\npeople to other altcoins, no?\nCan we agree that the first step in any potentially bad situation is\nhitting the limit and then fees rising as a consequence?\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150811/b23a80e6/attachment.html\u003e",
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