Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
jokers10
on 23/05/2023, 18:50:41 UTC
Bitcoin was destined for micropayments , high fees are just nonsense .

https://bitcointalk.org/index.php?topic=287.msg7687#msg7687

"Forgot to add the good part about micropayments.  While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall.  If Bitcoin catches on on a big scale, it may already be the case by that time.  Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms.  Whatever size micropayments you need will eventually be practical.  I think in 5 or 10 years, the bandwidth and storage will seem trivial."

Storage and bandwidth are at extremely low costs and btc has insane fees . So either satoshi was wrong or core . I tend to think that satoshi knew better .

It can become so, why not. I believe in technological development. But as at the moment there will be many problems with scalability if bitcoin adoption will go too fast. 7 transactions per second which we have now is not enough for any big enough project, number microtransactions or any other transactions are still limited. So we have layer 2 solutions to fix some of the problems we face. I hope it is temporary and one day there will be a solution which can bypass the blockchain trilemma and we'll get more scalability not losing in decentralization and security. But now we have what we have even if there will be a bright future in which I believe.