Hot take: Bitcoin didn’t “fail to scale.” People did. Big blocks, tiny fees, billions of users. Let’s ship. Name one real downside to bigger blocks? #Bitcoin #ScalingBitcoin #BigBlocks #OnChain
@DevelopingZack Even 1 million tx/second capacity is not enough for a victory. To truly succeed Bitcoin has to overcome the people problem.
@DevelopingZack People keep acting like scaling is optional. It’s not. Either Bitcoin scales or it fades into irrelevance.
@DevelopingZack Nothing failed. Big blockers get BCH, BSV, etc. to make their blocks as unwieldy and bloated as they want.
@DevelopingZack Where’s the TPS signal? Where’s the users?
@DevelopingZack The main downside to bigger blocks is centralization risk, larger blocks increase storage & bandwidth requirements, making it harder for individuals to run full nodes.
@DevelopingZack People have been duped into thinking bitcoin was supposed to make them rich, not free. 🤦♀️
@DevelopingZack all i know bitcoin was slow and fee was 20 dollar last time i used it. i will never go back to that trashcoin.