4 ms·

Above is proof that the original bitcoin protocol can scale, and recently testnet can do 90k tps. What you think of certain people doesn't change the fact.

noxer 5y ago
Its centralized and run by the people around this fraud. It doesn't matter if the tech is good since no one will use it for anything beside speculation or abuse it as storage which just wont be sustainable in the long run with no limits in place.
- iamastrangeloop 5y ago
  The protocol remains the original and it scales significantly. I'd focus on protocol not people. If people changed the protocol then it's no longer bitcoin. Twetch.app has more than 50k users. It's also a genuine use case. So is etched.page or the other above-mentioned services. How can you abuse storage if there is a 0.5 satoshis/byte fee to write data on chain currently? Miners are for-profit entities and will always charge for storage.
  - noxer 5y ago
    You completely ignore my points so I will yours Have a nice day
    - iamastrangeloop 5y ago
      Which point specifically? You claim centralized manipulation of bitcoin and fraudulent people while the protocol hasn't changed. Do you have legal evidence? Also you claim price speculation as the only use case while I've listed several apps with real users. You mention storage abuse and I argue that miner fees prevent that.
      - noxer 5y ago
        You can stop now dear green name we all can see you only joined to shill ButtcoinShitVison No one here cares.
  - ric2b 5y ago
    > I'd focus on protocol not people. The protocol encompasses the nodes on the network. If the network is highly centralized the protocol is unsafe.
    - iamastrangeloop 5y ago
      A scalable bitcoin ends up in a dozen data centers. The cost to set up such data centers is few hundred millions plus tens of millions in yearly operations. Miners must secure their infrastructure uptime to remain profitable. There is huge risk and little reward for any such mining company to act dishonestly on new blocks or break antitrust laws. Also it is easier for governments to audit a few large publicly traded miners than auditing thousands of small and inefficient miners. The nature of the bitcoin protocol security is economic.

noxer 5y ago

Its centralized and run by the people around this fraud. It doesn't matter if the tech is good since no one will use it for anything beside speculation or abuse it as storage which just wont be sustainable in the long run with no limits in place.

iamastrangeloop 5y ago
The protocol remains the original and it scales significantly. I'd focus on protocol not people. If people changed the protocol then it's no longer bitcoin. Twetch.app has more than 50k users. It's also a genuine use case. So is etched.page or the other above-mentioned services. How can you abuse storage if there is a 0.5 satoshis/byte fee to write data on chain currently? Miners are for-profit entities and will always charge for storage.
- noxer 5y ago
  You completely ignore my points so I will yours Have a nice day
  - iamastrangeloop 5y ago
    Which point specifically? You claim centralized manipulation of bitcoin and fraudulent people while the protocol hasn't changed. Do you have legal evidence? Also you claim price speculation as the only use case while I've listed several apps with real users. You mention storage abuse and I argue that miner fees prevent that.
    - noxer 5y ago
      You can stop now dear green name we all can see you only joined to shill ButtcoinShitVison No one here cares.
- ric2b 5y ago
  > I'd focus on protocol not people. The protocol encompasses the nodes on the network. If the network is highly centralized the protocol is unsafe.
  - iamastrangeloop 5y ago
    A scalable bitcoin ends up in a dozen data centers. The cost to set up such data centers is few hundred millions plus tens of millions in yearly operations. Miners must secure their infrastructure uptime to remain profitable. There is huge risk and little reward for any such mining company to act dishonestly on new blocks or break antitrust laws. Also it is easier for governments to audit a few large publicly traded miners than auditing thousands of small and inefficient miners. The nature of the bitcoin protocol security is economic.