Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining is not profitable enough!
by
franky1
on 03/09/2021, 08:23:20 UTC
b. double transactions per block
With the developing of off-chain solutions such as the lightning network, I don't find this a proper way of maintaining the security. Despite the fact that blocks' size has to touch the limit which will double every four years, there will be more off-chain transactions than the on-chain ones. It's not practical to have a dozens of terabytes weighted blockchain, because then we'll have to face other issues. (decentralization)

by off ramping utility away from bitcoin  is going to break bitcoin
because
1. less people using bitcoin daily = less people monitoring bitcoin(fullnode) daily.
    yep i said it people that only use bitcoin once every few months are not going to run a full node everyday
2.the way you word it. you want less transactions onchain so that there is no reason to protect the security of bitcoin. your wording it as if you want no one to use bitcoin and then say that bitcoin cant be secured because no one is using it enough to secure it
3. you also word it like scaling up bitcoin (not advertising altnets) requires gigabyte blocks by midnight tonight.

sorry but 20 years ago floppy disks were a thing. people were using floppy disks easily and thought that a 1tb hard drive was unemaginable.
yep i had a PC in 1998 that had a max hard drive capacity of 4gb. and a floppy drive for portable storage
now i have a 4 terrabyte hard drive and a 512gb usb stick

thats just a difference of 23 years

it has been 12 years since satoshi implemented the first laws of bitcoin. and even then he was estimating 4200tx a block.. yet in those 12 years we have never even achieved a whole day averaging 4200tx

so stop pandering to the altnet promotion of offramping utility to then have even more excuses not to progress bitcoin. and actually discuss bitcoin progress..(ill repeat. discuss bitcoin progress without advertising altnets like LN)