135 blocks waiting to be mined

[Anonymous No.52445743]

Bitcoin blockchain is really busy.

[Anonymous No.52445940]

I know lightning is the scaling solution, but is 7 TPS even enough to move enough people onto and off LN and to rebalance channels in the long run?

[Anonymous No.52445955]

>>52445940

Yes. Most people will have to buy Layer-2 Bitcoin directly without using Layer-1.

i.e. they will have to give blowjobs or whatever they do these days to get Bitcoin on Layer-2 instead of Layer-1.

[Anonymous No.52446039]

>>52445743
what is causing the congestion, do you think?

[Anonymous No.52446053]

>>52446039
is it because the proof of work is too hard?

[Anonymous No.52446171]

>>52446039
Unironically small blockers. Bitcoin was never intended to stay at tiny blocksizes. It was always intended that as computing power increased, blocksizes would increase accordingly. Security would remain the same and throughput would gradually increase to match real-world growth. Instead, security gradually increased at the expense of TPS and a legion of shitcoins were born in an attempt to address this.

[Anonymous No.52446189]

>>52446039
People withdrawing from CEXs leasding to CEXs having to move from cold wallets.

[Anonymous No.52446202]

>>52446189
I know this makes very little sense and I don't believe it either but the alternative is people using BTC as a currency which is ludicrous.

[Anonymous No.52446410]

>>52446171
This. It's 100% logical Satoshi wanted to increase TPS was technology improved. Compare the capabilities of CPU's etc now to 2008.. He KNEW about Moore's law and so do all the faggot small blockers.. We don't need to have BTC nodes on fucking calculators for fucks sake..

[Anonymous No.52446428]

>>52445743
>288 MB / 300 MB
So this is the reason BCH and BSV are born

[Anonymous No.52446665]

>>52446428
Basically. Craig is still a scammer though.

[Anonymous No.52448923]

>>52446665
where is the scam

[Anonymous No.52448959]

>>52445940
Channel factories solve that problem. Not to mention layer 3 shit is already being developed in the BTC space that everyone is sleeping on.

[Anonymous No.52449144]

>>52448959
tell me more about layer-3 please anon

>>52446410
it is true. satoshi even said himself that the block size was temporary... I'm not pushing for a BSV block size but at east 10Mo per block would be a good start

[Anonymous No.52449208]

another thread of midwits that think scalability and capacity are the same thing

[Anonymous No.52450528]

>>52445743
Kaspa solves this problem, you guys are just too gay to understand it

[Anonymous No.52450752]

>>52446039
binance consolidatinf UTXO, they do this from time to time and have retarded scripts. they could do it for a lot less cheaper.

https://twitter.com/murchandamus/status/1525823594445656064

[Anonymous No.52450807]

>>52449144
fedimint.org

[Anonymous No.52452513]

>>52445743
The main issue is the transaction capacity of bitcoin, 7 per second, and the 10 minute confirmation. Bitcoin is not designed to be used as money, its more likely a value settlement layer that suits more the financial system than the common people needs.
The transaction limitation creates a fee market where the one that pays the highest will have their transaction confirmed. If Bitcoin ever became the backbone of the financial system, as desire every bitcoiner, bitcoin will only be used by the financial institutions, governments, etc, only these players will be able to pay constant high fees to settle their value exchanges. So in the end bitcoin becames a tool for the system it was designed to destroy...

[Anonymous No.52452562]

>>52446189
/thread

[Anonymous No.52453772]

Bitcoin cash fixes this. /thread

[Anonymous No.52455782]

>>52448959
>layer 3
pathetic

[Anonymous No.52455834]

>>52453772
is bitcoin cash the next move?

[Anonymous No.52455853]

>>52445955
why is this still not the case 5 years later

[Anonymous No.52455926]

>>52455853
cause lightnings retarded and a bandaid solution forced by blockstream jews that want full control over bitcoin

[Anonymous No.52455939]

>>52445743
I am too stupid and dumb and moronic to do it but somebody should really be parsing these tx’s with Jean.py

[Anonymous No.52455985]

>>52445743
>>52446039
People not wanting to pay more than 56 cents? It seems like just a lot of usage but no one is bidding more. You could easily send a tx if just paid a slightly higher amount.

[Anonymous No.52455991]

>>52455939
https://github.com/nickmitchko/wikileaks/blob/master/jean_b.py
here’s newer version, I’m not doing it last guy literally died

[Anonymous No.52456086]

>>52448923
Claiming to be Satoshi who's probably dead at this point. If he were alive he would've cashed BTC to zero over the bullshit in 2017. No refunds AXA.

[Anonymous No.52456103]

>>52445940
>lightning is the scaling solution
HOW MANY FUCKING YEARS HAVE THEY BEEN WORKING ON THIS!!!

[Anonymous No.52456760]

>>52450752
>>52446189
thanks anons

[Anonymous No.52456779]

>>52455926
yes

>>52456103
not enough apparently bc it's still an overcomplicated piece of shit that doesn't work

[Anonymous No.52457966]

more like memepool amirite?

[Anonymous No.52458599]

>>52455991
a guy died parsing transactions? what?

[Anonymous No.52459554]

>>52458599
Yeah a ton of CP there

[Anonymous No.52459718]

>>52456086
he posted on his p2pfoundation account in 2018 though shortly after the bsv fork

[Anonymous No.52460005]

>>52445940
7 tps....7*60*60*24*365= 220,752,000 On chain movements. Be it to open, close, transact, whatever. BTC is fucked.

220 million tx per year....


Big blocks or GTFO

[Anonymous No.52460126]

>>52460005
yepp this is what you get when corecuck communists insert their economic ideas

[Anonymous No.52460199]

fellas check out KAS (Kaspa)

>founded by Yonatan Sompolinski (Harvard, cited in ETH whitepaper)
>Fastest PoW/blockDAG
>32 blocks p/s without sacrificing
>low gas fees

It's the fastest POW in the world, and designed for quick daily transactions at mass scale.

BTC = Gold bars
KAS = Silver coins

[Anonymous No.52460288]

>>52450528
This. Hurry up and work out that Kaspa is the play before the anon next to you does -- because he is going to, it's inevitable. Tick tock, anon.

[Anonymous No.52460363]

>>52460199
>>52460288
KEK nice try JIDF

[Anonymous No.52460416]

>>52460363
Filtered midwit.

[Anonymous No.52460451]

>>52460416
lol

[Anonymous No.52460525]

>>52460451
It's always amusing to see a guy so lacking in discernment. You really can't see the winners even when they're staring right at you, lol. Wew.

[Anonymous No.52460550]

>>52460525
have fun getting dumped on for the next 3 years stupid

[Anonymous No.52460572]

>>52460550
wew
e
w

I like /pol/ but so many of you tourists are actual brainlets when it comes to making money. I always counter-trade u dumb fucks.

[Anonymous No.52460585]

>>52460572
cope braindead shill

[Anonymous No.52460648]

>>52460585
>shill
Anon it's a decentralized community-driven project with no central governance, no VC, no premine & no ICO. You're an actual low iq person sorry2say.

[Anonymous No.52460662]

>>52460648
enjoy your 100% inflation!

[Anonymous No.52460691]

>>52459718
Source:

*crickets*

[Anonymous No.52460766]

>>52460662
As I said: filtered.

[Anonymous No.52460784]

>>52456086
>The same Satoshi that invented BTC over innocent people being rugged

Anon, you're imagining Satoshi as yourself, try to imagine Satoshi as a good person with good intentions and empathy.

[Anonymous No.52462052]

>>52460691
you could just google it, lazy bastard
>https://cointelegraph.com/news/nour-and-a-new-friend-satoshi-nakamotos-p2p-profile-makes-new-post-befriends-user

[Anonymous No.52462227]

>>52460766
What’s the make it stack

[Anonymous No.52463327]

>>52449144
This is a cool one I saw the other day. Internet browser built on Lightning.
https://www.impervious.ai/