… I didn’t say virtual bytes. It’s a virtual block size limit or vByte it’s a unit of measurement, not fiat lol. One vByte is equal to 4 weight units. It’s part of the functionality that made lightning useful and allows bitcoin to be used as a medium of exchange on L2. Satoshi’s limit of 1MB wasn’t a hard capped rule like the supply… it was a temporary solution to the spam problem to help keep the barrier to node entry low. It was obviously not a permanent monetary constant. Plus most blocks are around 1-2 mb anyway… Thats not inflation, it’s innovation confirmed through consensus. Like I said before; Removing segwitt discount doesn’t address the spam problem cause it’s not the root cause of these current attacks. Removing the seg discount creates a worse problem… it ruins functionality of Lightning and use of bitocin as money. image

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Artel 21's avatar
Artel 21 1 month ago
Sorry I misspoke about virtual block size. I doesn’t change what I meant. Can you tell what is 1 vbyte and 4 units in physics terms? I see them as human defined agreements. Bytes are defined by reality. Bitcoin is proof, virtual concepts is money printing. I understand how lightning works. Bitcoin is not a protocol for innovation. As Satoshi once said v0.1 of Bitcoin defined protocol. 1MB was the last missing piece fully bounding system. If we want to build civilisation that lasts 1 million years we shouldn't settle on something that gives 200 millenia. SegWit discount is attack on Bitcoin-first civilisation.