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Isn't this a fundamental change in the economic expectations as proposed by the system's creator, who planned to increase onchain capacity as far back as 2010?
by riprowan 10y ago
Isn't this a fundamental change in the economic expectations as proposed by the system's creator, who planned to increase onchain capacity as far back as 2010?
https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366 https://bitcointalk.org/index.php?topic=1347.msg15366#msg153...
- maaku 10y agoI don't know the mind of the Satoshi I wouldn't care to. Bitcoin is an algorithm with empirical properties that are discovered, not created. It is what it is and we need to deal with that. (I would also be dubious of anyone's beliefs regarding bitcoin in 2010. There's a lot we didn't know then.)
- bobwatson6 10y ago-Bitcoin is an algorithm with empirical properties that are discovered, not created. What have been discovered exactly? Care to point that out? Also, by which logic offloading transactions off-chain, making the blockchain itself uncompetitive, could be good for miners and the incentives to mine/secure the blockchain?