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I have also been in Bitcoin since early 2011. I once thought as you did until I realized that the most important part of Bitcoin is censorship resistance. It's
by clarkmoody 9y ago
I have also been in Bitcoin since early 2011. I once thought as you did until I realized that the most important part of Bitcoin is censorship resistance. It's not about storing your latte payment on the immutable ledger forever.
> Bitcoin now can't even be used as a payment system
What about the part where the blocks are full of tons of payments?
The fork drama proved the most important part of Bitcoin: it's immutability even in the face of great pressure to change.
If the Bitcoin Cash blocks get full, then we'll see how things go. Until then, there is no comparison.
- jnbiche 9y ago> If the Bitcoin Cash blocks get full, then we'll see how things go. Yeah, then they'll raise the limit from 8MB to 16MB. With 10 terabyte hard drives at $300-$400, that's not a big deal for anyone running a full node.