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by shiado
2918 days ago
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I definitely agree about Bitcoin and scaling, as anybody who can do napkin math would realize that increases in block size to scale to a level of transactions/second competitive with a credit card network would cause the blockchain to grow at a catastrophically unsustainable rate. Bitcoin Cash imho offers absolutely nothing of value because it runs up against the exact same technical problems. Think of it like slightly reducing a constant factor to an O(n^3) algorithm, you haven't made things more efficient in the required way. I think the main takeaway about /r/bitcoin is that bitcoin claims to be this decentralized democratic technical project where anybody can contribute but in reality many of the places where discussion takes place are completely censored and controlled by entities who aren't transparent about their intentions like Blockstream and Theymos. This also applies to /r/btc for Bitcoin Cash shills. |
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Where is this claimed? The technical project is just another open source project, not very decentralized. The idea of bitcoin is that you (the user) can decide what software you want to run, if you don't agree with rules imposed by a certain software project you not run it or run an older version. This (as well as how the network works) is decentralized. Ofcourse Reddit and other social media channels are not decentralized, and neither is development of the different node implementations.
I don't think there exists a way to collaborate on any technical open source project in a truly decentralized way. I love to be proven wrong, do you know any project that is? So no BDFL (Linus, Guido), no foundation and actual decentralized contribution?