Fargo's avatar
Fargo 2 months ago
Dude haven’t you been in bitcoin for awhile? This post makes it sound like you never understood the value prop that was still very clearly explained when I started paying attention to the space. Bitcoin’s value comes from the fact that (1) it can’t be diluted. 21M. And (2) I can easily run a node to verify bitcoin sent to me and broadcast bitcoin I want to spend without any intermediary. Nothing you’ve just complained about has to do with that. And I’m not sure if you are misunderstanding op_return or what but can you explain how the recent change affects bandwidth, ram, or storage for noderunners? I know for a fact the block size limit prevents storage concerns but open to your opinion on bandwidth and ram, though I’m fairly confident the impact there is trivial.

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You have much to learn. 1) The supply of Bitcoin can easily be diluted with wrappers and paper claims off chain. Past cycle is evident for this. 2) The spam issue raises the bar for new participants bc it’s more difficult to do an IDB (4GB of RAM HW no longer works), you need 8-12 at minimum. The same problem is here for old participants who need to make a fresh sync of the blockchain due to critical errors, or changing hardware. 3) the Blocksize limit doesn’t prevent storage concerns, see below image for details. image