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16181805 No.16181805 [Reply] [Original]

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?

>> No.16181847
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16181847

>>16181805
>individual miners themselves

>> No.16181876

>>16181805
With Jews you...

>> No.16181885
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16181885

>>16181805
So here's the real crypto bluepill:

Craig Wright is unironically not Satoshi, the real Satoshi Nakamoto always wanted small blocks and segwit, "Peer to peer electronic cash" was simply a purposeful mistranslation of the Japanese. Blockstream - funded by Bilderberg group - saved Bitcoin by refusing to raise the 1mb block cap, preventing the blockchain from becoming cripplingly large. If they had not done this the blockchain could be as large as 500gb today meaning that Bitcoin node operators would have to upgrade from 500gb hard drives and pay for more storage space, ultimately leading to financial ruin and the death of the network.

Bitcoin as a store of value was just the first step, Blockstream is releasing the full version of the Lightning Network in 18 months, this will lead to a revolution in digital gold and decentralisation by routing all payments through Lightning banking nodes off-chain, this is why Blockstream is so intent to lower the block size to 300kb to incentivise adoption.

Back to hash power, as the price and adoption of BTC increases the blocksize will be gradually reduced to 0kb, closing off the blockchain completely, this will move all transactions onto Layer 2 (Layer 3 and 4 are also in development). With all transactions off-chain the greedy miners will have all their power removed and we will never see another hardfork ever again like the hard forking of 'Bitcoin Cash' and later 'Bitcoin SV' by the fraud Craig Wright (they have their own competing blockchain in the works), this will render the BTC protocol completely free from big blocker influence under the tight but decentralised fist of Blockstream.

>> No.16181903
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16181903

>>16181805

>> No.16181937

>>16181885
Based.
Minister you greg maxwell.

>> No.16182039

Banks saw the threat to their business model and acted by buying off the devs. They crippled bitcoin and adoption by 5 years. Doesn't matter as we have BSV now which they can't touch.