Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
ETFbitcoin
on 24/06/2023, 09:49:22 UTC
⭐ Merited by Wind_FURY (1)
Quote
Quoting a Satoshi post doesn't make it ideal. You need arguments, like these: https://bitcoin.stackexchange.com/a/37303/134811
The creators thought of how things should be done isn't ideal , that's nice . As for the arguments of the post you shared , these are complete BS . Initial blocksize was 32 MB and there was a reason at the time that 1MB was imposed .  

Didn't Satoshi suddenly change maximum block size limit to 1MB on Bitcoin-Qt source code without any explanation?

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Do you remember that ip to ip transactions were implemented in the original design that was later removed ?  Mike Hearn makes a point , that things could be reinstated at some later point https://bitcointalk.org/index.php?topic=9334.msg134801#msg134801 .
No, that was before my Bitcoin journey, but I could already tell that IP to IP transactions are open to attacks like IP-Spoofing and MOTM. It's probably better to leave that decision to the Core Developers.

Wasn't Mike Hearn the developer who spread FUD about Bitcoin's collapse if it didn't hard fork to bigger blocks?

In addition, IP to IP transaction was never part of Bitcoin protocol/consensus. It was just Bitcoin-Qt feature which connect to certain IP address and ask for regular Bitcoin address, before making regular Bitcoin transaction.