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63 sats \ 2 replies \ @ek 17h \ on: My Response to Steve Patterson (BCash) on "Hijacking Bitcoin" - Bob Murphy Show bitcoin
I don't get how anyone can think big blocks solve scaling. Afaik, increasing the block size scales linearly so if you have 8x bigger blocks, you'll get 8x more throughput.
But we don't need 8x more throughput if we really want the whole world to use bitcoin. We need A LOT MORE.
What kind of demand are big blockers expecting? Or do they think they can always increase block size to match demand without causing any problems?
Maybe I should listen to the talk but knowing how stupid humans can be, I don't think I'll miss anything if I don't.
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55 sats \ 0 replies \ @SimpleStacker 13h
Very good point. We need an exponential scaling solution not a linear one
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77 sats \ 0 replies \ @kepford OP 16h
They didn't get into this on the podcast...
Its a good question you raise. I haven't heard a good answer to it. The closest they got to it was so many transactions per second.
What annoys me to no end is the total ignoring of tradeoffs. I rarely hear big blockers talk about the tradeoffs of the change. If you believe what they say we all must be idiots or worse. State agents...
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