BREAKING: Brazil to make Bitcoin legal tender

10-06-2021, 12:01 PM

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#31

entropy91
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entropy91
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Originally Posted By JeepBruh⏩

And one of the solutions is easy. Raise block size limit. Not shuffle people off to layer 2 solutions that go through 3rd parties that pretend to be non-custodial.

What is bitcoin cash blocksize limit now? 32MB or something? Chugging along with 32 times greater transaction capacity compared to BTC, all while remaining P2P, while transaction fees are 1/100 of a penny. I think there are other coins that have even greater capacity than this if I am not mistaken.

There are custodial and non-custodial L2 options same as L1. Who is pretending to be non-custodial? If you think BCH is superior, then go use it. The market has determined BTC is the superior chain.

Again bigger blocks lead to less decentralization and less security. This is blockchain 101.

10-06-2021, 12:10 PM

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#32

JeepBruh
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Originally Posted By entropy91⏩

There are custodial and non-custodial L2 options same as L1. Who is pretending to be non-custodial? If you think BCH is superior, then go use it. The market has determined BTC is the superior chain.

Again bigger blocks lead to less decentralization and less security. This is blockchain 101.

Explain how bigger blocks lead to centralization please. Let me guess. Because not everyone can run a node on their 10 year old raspberry pi that relies on a 56k dial up connection?

Also, you say centralization is a bad thing yet also mention L2 custodial wallets. Are you acknowledging that BTC is more centralized than BCH since the L2 solution goes through a 3rd party?

Bitcoin maxis are the biggest NPCs on the internet.

Edit: Meant to say centralized instead of decentralized. Argument remains the same.

10-06-2021, 12:24 PM

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#33

entropy91
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entropy91
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Originally Posted By JeepBruh⏩

Explain how bigger blocks lead to decentralization please. Let me guess. Because not everyone can run a node on their 10 year old raspberry pi that relies on a 56k dial up connection?

Also, you say decentralization is a bad thing yet also mention L2 custodial wallets. Are you acknowledging that BTC is more centralized than BCH since the L2 solution goes through a 3rd party?

Bitcoin maxis are the biggest NPCs on the internet.

More resource intensive data storing naturally leads to a higher threshold of participation.

I never said decentralization was a bad thing.

Bitcoin network has far more nodes than Bitcoin cash and much more hashing power securing said network. It is far more decentralized and secure than Bitcoin cash ever will be.

I'm the NPC, yet you are working for me for free keeping my thread bumped. You can't even help yourself, your frontal lobe is underdeveloped. Explains the emotional meltdown. Keep my thread on the first page footstool.

Brutal.

10-06-2021, 12:26 PM

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#34

JeepBruh
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Originally Posted By entropy91⏩

More resource intensive data storing naturally leads to a higher threshold of participation.

I never said decentralization was a bad thing.

Bitcoin network has far more nodes than Bitcoin cash and much more hashing power securing said network. It is far more decentralized and secure than Bitcoin cash ever will be.

I'm the NPC, yet you are working for me for free keeping my thread bumped. You can't even help yourself, your frontal lobe is underdeveloped. Explains the emotional meltdown.

Brutal.

I'm sure your replies in this thread have helped convert people to BTC