Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher
Bcash SV is literally just terabytes of spam transactions. The BCH and BCH SV approach to scaling just made them more centralized. Prioritizing cheap fees only makes it easier for people to abuse the network and gives more power to centralized authorities.
This obsession with mass adoption is a fool's errand. Bitcoin can never be optimized to fulfill the needs of every single person on Earth. Any attempt to do so will likely result in serious compromises that would make it hard to distinguish from fiat currency.
This obsession with mass adoption is a fool's errand. Bitcoin can never be optimized to fulfill the needs of every single person on Earth. Any attempt to do so will likely result in serious compromises that would make it hard to distinguish from fiat currency.
Yes. I'm aware that raising the block size would make the Blockchain more centralized. That's why I've stated that it should be done in the most balanced way possible. Something like slowly incrementing the block size after a few years would do the trick. That's assuming storage/bandwidth costs decline over time. Between BCH and BSV, I think the former is more conservative with its 32mb. But nothing beats the security/decentralization/censorship-resistance of the original Bitcoin (BTC) blockchain.
If everything is done in a "balanced manner", Bitcoin could reach mass adoption in the future. Again, the LN is not a solution to all of Bitcoin's problems. Let the community decide the path forward for this revolutionary kind of money. Who knows if BTC will go as far as replacing Fiat in the future?
