iamastrangeloop

4 ms·

1. 1.▲
   by 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
2. 2.▲
   by 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 s
3. 3.▲
   by 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
4. 4.▲
   by iamastrangeloop 5y ago

   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.
5. 5.▲
   by iamastrangeloop 5y ago

   There has been great progress in scaling the original protocol through the Bitcoin SV implementation: - Transaction fees are ~$0.0001 - The network has shown capacity for 50k tps - On March 14, 2021, the network processed a world re