/biz/ - Business & Finance

How could BTC fuck up so badly? They put an artificial limit on the block size and then said "look, Bitcoin can't scale because the blocks are small". Then they simply refused to remove the block limit because you know, we can't have a free market where the individual miners themselves decides how large blocks they are willing to mine in order to optimize their profit. That would be capitalism and we can't have that you know. Instead they try to construct a separate payment system that mimics the centralized way the old banking system works. It is impossible for me to understand what kind reasoning lies behind this.

Meanwhile in bsv it is now becoming painfully obvious that Bitcoin without artificial limits is the way to go. What happened in BTC to make it such a shitshow?

Why is BTC unable to process more than 7 transactions a second? I though it was supposed to be the new global payment system? paypal alone can handle more than 10k tx per second

Serious question: How could BTC fuck up so badly? They put an artificial limit on the block size and then said "look, Bitcoin can't scale because the blocks are small". Then they simply refused to remove the block limit because you know, we can't have a free market where the individual miners themselves decides how large blocks they are willing to mine in order to optimize their profit. That would be capitalism and we can't have that you know. Instead they try to construct a separate payment system that mimics the centralized way the old banking system works. It is impossible for me to understand what kind reasoning lies behind this.

Meanwhile in bsv it is now becoming painfully obvious that Bitcoin without artificial limits is the way to go. What happened in BTC to make it such a shitshow?

Serious question. How could BTC fuck up so badly? They put an artificial limit on the block size and then said "look, Bitcoin can't scale because the blocks are small". Then they simply refused to remove the block limit because you know, we can't have a free market where the individual miners themselves decides how large blocks they are willing to mine in order to optimize their profit. That would be capitalism and we can't have that you know. Instead they try to construct a separate payment system that mimics the centralized way the old banking system works. It is impossible for me to understand what kind reasoning lies behind this.

Meanwhile in bsv it is now becoming painfully obvious that Bitcoin without artificial limits is the way to go. What happened in BTC to make it such a shitshow?