Post
Topic
Board Bitcoin Discussion
Re: How are we going to beat the reptilians when monkeys are kicking our ass?
by
stompix
on 08/09/2023, 12:51:42 UTC
On here, a legendary member may be ignorant and may also spread false information as truth but it  would be quickly debunked and corrected by other members who are more knowledgeable on that subject.

Are you calling me ignorant and spreading false rumors?
What false rumor, what am I ignoring and what do you illiterate money can hope to debunk?

Pitchforks are only for those who demand blocksize increase today, especially an unrealistically huge increase.  I think it's pretty much a conensus among everyone that there will be an increase at some point, when storage will be much more affordable. It could be in 10 years or 20 years or even more, but technology will surely progress.

Common, waiting 20 years when probably 100TB smartphones capable of 1 Gbps will be normal to raise the block limit from 1MB to 4 or 10 is just ridiculous, it's like a company saying now they plan on waiting till 2040 to release a laptop with 2gb of storage! Yeah, the time has been long gone when this should have been done already, all the babbling about high cost is just non-sense, nodes would need to spend $100 extra, make that for 10000 nodes, that would be 1 million over 4 years but no, no problem, let's have users spend an extra $400k in fees each day, that is normal!

This move could have killed all those shitcoins and cleaned the whole crypto space of copy-paste projects which have only one slogan, faster and cheaper than bitcoin, but no, just because the ones that had this idea in the first place were some pieces of shit now we can't do it because it would prove they were a bit right, and no one wants to admit it!

I've always heard, high fees will drive people to LN, not really that true
People who say either doesn't use LN much or know LN well enough. High fee also affect cost to open/close channel. And as i say stated many time, people who rarely make transaction won't notice benefit from LN.

LN right now would save a lot of space if only it would be used by more exchanges as a ton of transactions that are only people moving coins from one exchange to another would be done through it. It would save a lot of space not to mention the whole batching process when exchanges consolidate their inputs but seems like things are going way too slow.