But let's go back a bit in time, cause you claimed people only care about BTC, and check historical data
And where exactly did I claim that people care only about Bitcoin?
And what do we have here, every time Bitcoin fees rise, Doge alone outperforms Bitcoin.
Alright, I checked the
data, and it is true that Dogecoin outperforms every cryptocurrency for some reason, sometimes. And some other times, its total transactions fall down rapidly. I can't explain this, because it isn't happening always when the Bitcoin fees rise. For example, there weren't high fees in the
summer of 2023, but there were 2M Dogecoin transactions happening everyday.
Your point is still unclear to me. I haven't argued that rising the block size to 10-16 MB will eliminate Bitcoin. I'm just saying that it doesn't solve the problem, it only alleviates it. It will still be expensive to use Bitcoin for everyday payments, centralized solutions will still be more appealing.
First who said anything about 700MB size
Satoshi.
Wonder how doge managed to get its full 1MB blocks every minute, they must have some sort of much wow chips running their nodes.
With block size 1 MB, it takes around 2 seconds to verify the block. With 1 minute interval, I'd expect a lot of blocks to be stale, by the way.
But the whole thing about nodes is pure cring materials, so we need 50k nodes with 10TB drives and the last model CPU to keep the network decentralized, which is impossible but in the meantime...
You have 6 million!!! 3KW monsters ASICs worth 2k-3k mining, and that somehow is decentralization?
Can you use an ASIC to verify an ECDSA signature? You can't, and AFAIK, there is no faster way to do it than with a modern CPU.
Oh no, users won't be able to host their nodes
You probably missed it, but I was referring solely to between large mining servers. Satoshi was talking about large mining farms having exclusive access to the blockchain; everyone else should be using SPV.