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Surely a lot of frauds but where are the flaws? Instead we have: - Open source flexibility: Hundreds of competing coins seeking to optimize upon an original d

Surely a lot of frauds but where are the flaws? Instead we have: - Open source flexibility: Hundreds of competing coins seeking to optimize upon an original design - A decentralized payment system: Beyond the reach of currency-manipulating state actors - Programmable money: The key ingredient for trustless and automated next-gen services and products - Working as designed: 9 years strong - And soon: Scalability to global volumes https://twitter.com/bramcohen/status/959973688035631105 https://twitter.com/bramcohen/status/959973688035631105

bb88 9y ago
> Working as designed: 9 years strong and > And soon: Scalability to global volumes Wait, what? It's working as designed but can't scale to the "global volumes"? Isn't that a bug?
- slededit 9y ago
  It was never designed to scale that large. The theoretical limits to transactions were known at creation time it wasn't much of a surprise. Nobody expects to solve every problem on a 1.0 release.
  - hndamien 9y ago
    It wasn't even a 1.0 release.
  - bb88 9y ago
    You are incorrect. The best kind of incorrect: factually. Satoshi said otherwise. https://bitcointalk.org/index.php?topic=149668.msg1596879#msg1596879 https://bitcointalk.org/index.php?topic=149668.msg1596879#ms...
    - fastball 9y ago
      slededit is not wrong: the original code did have a block size limit which limits tx per second. It required an update ("hard fork") to actually change this "feature". However, there was disagreement when the time for the fork came, which is why you now have Bitcoin Cash, which does support far more tx per sec and cheaper tx fees.
carlosthedwarf 9y ago
> A decentralized payment system and > Working as designed: 9 years strong Is it really working as designed if very little people are finding actual utility in what it is supposed to be - a decentralized payment system..

bb88 9y ago

> Working as designed: 9 years strong and > And soon: Scalability to global volumes Wait, what? It's working as designed but can't scale to the "global volumes"? Isn't that a bug?

slededit 9y ago
It was never designed to scale that large. The theoretical limits to transactions were known at creation time it wasn't much of a surprise. Nobody expects to solve every problem on a 1.0 release.
- hndamien 9y ago
  It wasn't even a 1.0 release.
- bb88 9y ago
  You are incorrect. The best kind of incorrect: factually. Satoshi said otherwise. https://bitcointalk.org/index.php?topic=149668.msg1596879#msg1596879 https://bitcointalk.org/index.php?topic=149668.msg1596879#ms...
  - fastball 9y ago
    slededit is not wrong: the original code did have a block size limit which limits tx per second. It required an update ("hard fork") to actually change this "feature". However, there was disagreement when the time for the fork came, which is why you now have Bitcoin Cash, which does support far more tx per sec and cheaper tx fees.

carlosthedwarf 9y ago

> A decentralized payment system and > Working as designed: 9 years strong Is it really working as designed if very little people are finding actual utility in what it is supposed to be - a decentralized payment system..