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You say that now but it wasn't always the narrative from the bitcoin community. It feels more like after-the-fact rationalization than a true objective. It just
by simias 9y ago
You say that now but it wasn't always the narrative from the bitcoin community. It feels more like after-the-fact rationalization than a true objective. It just so happens that bitcoin's original architecture didn't scale and now people are trying to figure it out.
And that's perfectly fine but I feel like we're seeing the same thing now with segwit and the lightning network. It's all unicorns and rainbows until you realize that in practice it doesn't work as perfectly as you'd have hopped.
What annoys me is that all these issues could always be anticipated even using some rough "back of the envelope" calculations. But there's no place for constructive criticism of bitcoin in the community so the problems are only faced when you really can't ignore them anymore, and then everybody says "well duh, it's obvious that wouldn't work" like you just did.
I fully expect that we will see the same thing for segwit and the lightning network when it'll turn out that the pipe dream of "everybody opens channels left and right" will fail to materialize and some alternative, probably more centralized architecture will take its place. It's not necessarily a bad thing but I wish there was a place where this could be discussed without being immediately called a shill and a traitor to the cause.
- zeroxfe 9y ago> What annoys me is that all these issues could always be anticipated even using some rough "back of the envelope" calculations. Hindsight is 20/20. Almost no one could have predicted that Bitcoin would be this big.