Prediction: in a few years we’ll increase the Bitcoin block size.
If the reactions to pegged sidechains are so hostile and almost nobody wants to break the 21 million supply cap to pay the miners, we’ll conclude that turning the 1 MB into a 4, 8, 16 or whatever isn’t that bad because at least we understand the tradeoffs and there is no extra complexity involved.
As @peterktodd put it: it’s cheaper to increase the computation costs than to increase the degree of human politics.
For more hot takes, listen to the Bitcoin Takeover podcast 🔥🌶️
Vlad / Vlad @ BTCTKVR.com
npub12qz…pdx8
2023-10-08 14:42:38
Author Public Key
npub12qz56plzehejkyp4waaannmnny4y4c30j8q55a3wlk49haslga2snypdx8Published at
2023-10-08 14:42:38Event JSON
{
"id": "ab1143cacce57d4c22fd2ea7575134cfe3b4ad0ff7d58a5ac22d818c0d44a13a",
"pubkey": "50054d07e2cdf32b1035777bd9cf73992a4ae22f91c14a762efdaa5bf61f4755",
"created_at": 1696768958,
"kind": 1,
"tags": [
[
"imeta",
"url https://video.nostr.build/5b337cc53eb37cd2290f46545c33404bf8a3d841c970ae8de19b61dca52886b4.mov",
"blurhash eKHB#rx[0f_2_29G-;a^t7WE?uxu-oIoIU4;ocofWAbF?FogjXRjIo",
"dim 720x1280"
]
],
"content": "Prediction: in a few years we’ll increase the Bitcoin block size. \n\nIf the reactions to pegged sidechains are so hostile and almost nobody wants to break the 21 million supply cap to pay the miners, we’ll conclude that turning the 1 MB into a 4, 8, 16 or whatever isn’t that bad because at least we understand the tradeoffs and there is no extra complexity involved. \n\nAs @peterktodd put it: it’s cheaper to increase the computation costs than to increase the degree of human politics. \n\nFor more hot takes, listen to the Bitcoin Takeover podcast 🔥🌶️ https://video.nostr.build/5b337cc53eb37cd2290f46545c33404bf8a3d841c970ae8de19b61dca52886b4.mov ",
"sig": "3562675d880aac30cd4c02118d2b171a6636807051c76a14780b1e02392c5670f7352f303be6600a860e5de7ab8d78d53675f59cf3728041f633a39f3034d04e"
}