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0 sats \ 0 replies \ @netstatic 18 Aug 2023 \ parent \ on: Drivechains are effectively a block size increase? bitcoin
You're all in a hurry somewhere. Where to? Quickland, of get rich fame
Things need to be fought for in an aggressive manner in this space even if the hope is for adoption over the long-term. Otherwise you get hanging specs like anyprevout that is well understood and researched but can't overcome the natural opposition of the community to change without a fighting champion.
And bitcoin as the world's unit of account? Not happening for a very long time.
That's all short term thinking. If we work on your timeline of scalability it'll be too late.
The first world doesn't need bitcoin right now.
Your usage of "need" is subjective. I believe first world countries "need" reform on all layers of the financial sector to not become like the countries you're thinking "need" it today.
The future of mining has nothing to do with trying to beat the economy of scale to profit, and everything to do with censorship resistance, be that for nation states or businesses. How much value can you fit into a single block? The chain-gang hasn't figured any of this out yet
It seems you haven't figured out how Bitcoin works and that miners need to stay economically incentivized to allow the emergent properties of censorship resistance to exist.
And this is a false equivalence. Decentralized money is the innovation, separation of money from state is the radical idea. Scaling for the volume we have is more than sufficient.
You think Wei was thinking B-Money would be adopted by the state back in the late 90s? lol
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