Post
Topic
Board Development & Technical Discussion
Merits 5 from 1 user
Re: Why the fuck did Satoshi implement the 1 MB blocksize limit?
by
Anti-Cen
on 20/01/2018, 16:29:13 UTC
⭐ Merited by digaran (5)
Segwit has advantages, but the trick of only counting half of the real data and claiming it makes a difference is very cheap.  A transaction, whether segwit or legacy, takes about the same amount of data, except that you don't count everything in the main block with Segwit. But for storage and transmission, that's the same burden.

In reality, Segwit didn't do zilch to the actual amount of bitcoin transactions per block:

Well said but it can make processing the data a little bit faster if I fully understand what they are doing
but it makes the code more complicated to understand and it's been over engineered as it is at every
possible opportunity as it is from what I have seen

Distributed systems are not designed to work by filling up a node until the 200gb file grows to
a terabyte and the development team knew this for day one so it's problem-reaction-solution
and the solution is the lightning network, miners are begging for it because the hubs are banks
which will need hardware and BTC to fund the private ledgers which is just what the miners have
by some strange stroke of luck.

Number one rule is broken now because if the hub/bank goes down then you have a single point
of failure but lets be honest the development team pushed "On the block-chain" for eight years
and now we are being sold that "Of-Block" is the best thing since sliced bread and we also know that
since Segwit was turned on the fees have continued to climb

See https://bitcointalk.org/index.php?topic=2776719.new#new for the real deal when
it comes to Lightning Network because I am openly calling it a scam and no one has been able to
debunk me yet