Bitcoin is a global court system for proving ownership of wealth. Going to court may cost $1000+ but a court that cannot be cheated & provides a receipt with millions of dollars worth of protection almost immediately & billions pretty quickly is not for doing things where you would naturally just throw the receipt away.
You are not thinking about these things properly & you do not seem to understand the scope of the problem.
There will be as many more transactions in bitcoin as there are individual internet requests today vs phone calls in the 80s. So making blocks bigger CANNOT even begin to solve the problem. It's like standing in front of the ocean & I have a cup & you have a bucket & you are talking about how much more of the ocean yours holds. It makes no difference.
Bitcoin is a broadcast network. The overwhelming majority of payments MUST be done on a unicast layer. This is not up for debate. It's just basic reality. Whether you understand it or not is your problem.
Jeff Swann
npub1ajv…tppj
2024-06-23 14:53:52
in reply to nevent1q…jv5c
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2024-06-23 14:53:52Event JSON
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"content": "Bitcoin is a global court system for proving ownership of wealth. Going to court may cost $1000+ but a court that cannot be cheated \u0026 provides a receipt with millions of dollars worth of protection almost immediately \u0026 billions pretty quickly is not for doing things where you would naturally just throw the receipt away.\n\nYou are not thinking about these things properly \u0026 you do not seem to understand the scope of the problem.\n\nThere will be as many more transactions in bitcoin as there are individual internet requests today vs phone calls in the 80s. So making blocks bigger CANNOT even begin to solve the problem. It's like standing in front of the ocean \u0026 I have a cup \u0026 you have a bucket \u0026 you are talking about how much more of the ocean yours holds. It makes no difference.\n\nBitcoin is a broadcast network. The overwhelming majority of payments MUST be done on a unicast layer. This is not up for debate. It's just basic reality. Whether you understand it or not is your problem.",
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