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by beaner
2826 days ago
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TBH, it doesn't matter what the original intention was if it doesn't work. 2nd layer works. Maybe so do bigger blocks, for now, but certainly at the cost of decentralization. I'm sure you can post some theory or statistics that will say otherwise. But it seems pretty clear conceptually that if you make something take up more space, fewer nodes will have the resources to operate it. The Bitcoin whitepaper had a title of "peer to peer electronic cash", but what it actually described was a system for financial sovereignty. If you want a payment network, use paypal. Why wouldn't you use Paypal? Because it's not decentralized - that's the first reason. And you realize by asking and answering that question that decentralization is the first and most important feature of the system, because it enables everything else. Payments is second. Layer 2 is a system that preserves the financial sovereignty of Bitcoin. Bigger blocks are a populist movement which disregard science as a result of a conspiracy theory that Blockstream is out to destroy everything. And it ignores so many things - like the other hundreds of core developers; the original intention and literature of the cypherpunks; the actual beauty of layer 2 itself and the amazing speed and privacy benefits it's bringing. Nobody care's about "what satoshi intended" in terms of on-chain vs. off-chain. "Satoshi's vision" was a decentralized system, and it can happen either way. More likely with layer 2 than without. BCH is all politics. |
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It's by no means established that Bitcoin's 2nd layer technologies can work as a full substitute for on-chain transactions.
It certainly has major shortcomings, and consequently being used very little, right now..
>>Bigger blocks are a populist movement which disregard science
There is absolutely no scientific evidence that big blocks don't work.
What's unscientific is claiming that the LN can act as a substitute for on-chain transactions when it's an unproven experimental technology.
>>Nobody care's about "what satoshi intended" in terms of on-chain vs. off-chain. "
It's not about "what satoshi intended". It's about the original scaling that plan Satoshi published. Bitcoin's original adopters were told that Bitcoin would be able to match Visa's throughput by scaling on-chain.
That was the experiment they signed up for.
Changing that plan without getting consensus from the community, and through restricting debate on /r/bitcoin, is extremely disingenuous and elitist.