/biz/ - Business & Finance

>>29984495
Guess I'll get discriminated against then.
Good thing I'm independently wealthy thanks to /biz/.

>>29576539
There is a lot of money to be made in bubbles, you just have to get out in time.

>>29494921
no
I have far more than that

Gib Spanish fascist qt

The reason BTC has small blocks and altered transaction ordering is to limit throughput and rise barriers to using the Blockchain. So instead of frictionless transactions open to everyone, we get a system where only (((billionaires and banks))) are able to use the Blockchain at scale. Even now most people cannot use the BTC Blockchain because of these limitations and rule changes. We are no where near scale. A fraction of a fraction of a fraction of the world is using BTC currently and things are this bad.

So, why the hell would BTC choose to do this to the protocol? It's pretty simple. Core (the developer group for BTC) receives much of its funding directly from (((bankers))). Miners geared more for short term profit than long term sustainability were easily persuaded to follow suit with this objective, whether they realize the end goal of these moves or not. Low information users were also propangaized into believing for the network to function and to maintain its security a majority of users must run and maintain listening nodes. Opposition to this was quickly silenced and suppressed on most forums discussing the issue and from developers on the project.

Now that Bitcoin no longer functions at all like it was originally designed to do users now need a solution so they can use BTC for payments. Well, the only solution to a network problem like this middlemen liquidity pools with lots of connections (banks) and that's exactly what The Lightning Network is.

>>29013188
Checked and based info as fuck