/biz/ - Business & Finance

>>25186397
Blocksize limit means, that blocks can't get bigger than 1MB. It doesn't mean, that every single block is 1MB. Some are smaller, but they can not be higher than this artificial limitation. I'll make a you a TLDR
>Satoshi creates Bitcoin as a Peer to Peer Digital Cash system, that is free from central point. It doesn't mean it's decentralized.
>he plans for Bitcoin to be maintained in future by merely few nodes (miners), and that users run SPV (simplified payment verification), which would led users to only hold header of the last block (around 80kB of data).
>Satoshi puts 1MB block size limit, because Hal Finney is concerned about spam attacks, as Bitcoin was worth back then pennies
>Satoshi hand away project in hand of Gavin Anderson
>Gavin Anderson is a cuck, and is too weak to hold his ground. He gives access to Bitcoin's code base to 4 more people(if I'm correct). 3 of them cuck him, and take over the project. They are now part of Blockstream
>Blockstream takes over Bitcoin
>I see 2 scenarios. Either Blockstream wants to make a lot of money out of making 2nd layer solutions (Lightning network, Liquid), or they want to destroy the project, as they're bad actors hired by banksters to buy them some time so that they can build CBDC. What better way than an arficicial limitation
>Big blockers fork away. BCH is born
>BCH starts to fix Bitcoin. Transactions are cheap again
>BSV forks away, as BCH goes into anonymity, and BSV is going into becoming a data dump
>2020 and BTC still doesn't scale, and increasing block size is not an option. Big blockers are dead. Bitcoin become a speculative asset (a meme digital gold)

The problem with digital gold is, that it would need to have a constant inflation. Miners were supposed to switch from block rewards to fees.


>>25186440
Go away anonymity shill. Nobody is going to buy a coin, that is about to get delisted from every major exchange

>>23754585
Satoshi literally in 0.1 version of Bitcoin mentioned as a comment, that they have to stay below 2 GB because of fseek, ftell and 4GB because of fat32. The fourth limitation was 1MB, because Hal Finney was afraid of spam transactions when BTC was worthless. Now that BTC has value this limitation is completely artificial. BTC is not Bitcoin.