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Sax The Fiver
@saxthefiver
The 4 year Bitcoin cycle exists cause that’s how long it takes for people to forget how much Bitcoin sucks to use on chain during demand spikes. The blocks are too damn small.
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Alberto Ornaghi
@alor
Not again please… the blocks are not full. Enlarging them does not solve any problem. Bitcoin is a settlement layer not a fast payment system. Use lightning for it
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Sax The Fiver
@saxthefiver
Not full cause no one is using it. As the price rises they will fill up again. Same as every other time.
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Alberto Ornaghi
@alor
If the blocks are full, just pay more fees. That’s how the incentives for the miners work in the long run.
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Sax The Fiver
@saxthefiver
Yeah, I've heard the talking points. Most of humanity can't afford $25+ a transaction. Making it useless during fee spikes. As soon as enough people experience this they sell and the market crashes again.
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Alberto Ornaghi
@alor
Wrong use case. If you are moving 10$ when the blocks are full you don’t understand what Bitcoin is for. As said: the L1 is a settlement layer for high value tx. If you need low fees fast payments, use the lightning layer.
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Sax The Fiver
@saxthefiver
Non-custodial lightning is a dead-end. It can't ever work at scale and has security flaws such as this one:
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Alberto Ornaghi
@alor
If Bitcoin is so doomed, don’t use it. Don’t try to change it, if you don’t fully grasp the game theory behind. There’s plenty of alternatives to use.
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