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by riprowan
3738 days ago
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It is a myth that Bitcoin requires every node to validate all transactions in the long term. That's why the white paper explains the need for spv clients. https://bitcoin.org/bitcoin.pdf Moreover it a red herring to assert that Bitcoin has to scale to support every single financial transaction in the world just like it would be a red herring to attack the architecture of the Internet because it cannot scale today to include every form of communication we perform today. Red herring/ strawman / Nirvana arguments are the defense for the entire small block position. Bitcoin, like every other information technology, does not need to meet every need today. It simply needs 1. Sufficient free capacity to encourage growth, and 2. Continuous improvement |
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