Hes a small blocker

>hes a small blocker
Check the meme pool

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wew lad
i'm sure glad i can transfer my BitCoin for super low fees whenever i want and the tx will be confirmed within 10 minutes

explain this to me like I'm a small dog

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The CoreCucks fucked bitcoin. The mempool is basically where a transaction is stored before it makes it into a block in the permanent blockchain. However, someone decided that each block should be limited to 1MB every 10 minutes. that's a global payment-system that processes 144MB of data every day. It's jack shit. my phone could run a BTC node.

The tragic result of this is that people are bidding against each other in transaction fees, where all participants are blind, they don't see each others bid, only know if their transaction has been confirmed or not.Due to this unknown, people that needs to use the blockchain sets a high fee to get first in line, making your coffee cost twice the original amount, only because you need to pay to pay.

this also causes transaction to stay in the mempool a lot longer, just waiting for people mine it. A transaction can then take several days, and is not useful as a payment system.

small block bitcoin (BTC) sucks, and somehow people got convinced that all this is a good thing for bitcoin. BCH and BSV increased their limit to 32MB and unbounded to try to fix this, but since idiots are emotionally attached to their investment in 1MB BTC, BCH/BSV is always stapled as a scam and fraud, only because they tried to fix a problem.

BTC is useless, can never get "mass adoption", and is only used to buy altcoins.

mass adoption will never happen when adoption is limited by the protocol itself.

your samefagging is obvious and pathetic

That wasn't me

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sorry im having a bad day

Imagine building the internet out of hubs. That's how base layer "scaling" works. Its the quickest way to ensure rule by miners and big business. Segwit2x failing was the most bullish thing ever, the fact that Bitcoin couldn't be changed by businesses wanting to dump shit on the chain is a massive success.

Everyone has to hear about everyone else's transactions and they are stored FOREVER. That means no matter how much coinjoining you do, eventually people will expose themselves over time to a KYC service, and so over time chainanalysis can retroactively destroy your privacy by process of elimination even if you were careful. It's all stored there forever. Taking things off chain is extremely important from a privacy standpoint, and from a network standpoint its basically the equivalent of creating switches and routers, so that you don't have blast noise out to every participant in the network and can isolate traffic. Off chain solutions are also good because you can upgrade fast without posing risk to network consensus, since your lightning channels are just settled between two parties.

Despite what bch and bsv people say, Bitcoin was never going to be a good payments system by itself. The only reason it ever worked early in is because yearly inflation in the early days was massive in the early years. The monetary policy of Bitcoin means people will always regret spending it. Store of value is the only thing that makes sense, therefore you protect the base layer and let fees protect the hard cap.

If bch and bsv want a digital payments coin, they need to fork in an inflation schedule. Until then there will never be a rational reason for spending it, you will always prefer to use your inflationary currency first. Neither of these coins is even bringing in > 1 dollar in fees per block. Every halving is going up make security worse and worse

btc is fucked. blockstream which is financed by axa did cripple the network in order to push second layer centralized solutions to be able to get control over transactions.

Liquid is just one version of a sidechain dumbass. Many many more will come. We're also going to get statechains as well which is an even better security model than liquid federated sidechain. The point is there will always be options. Dumping on the base layer has its own major set of disadvantages

Seething corecucks denying the fact that BTC has problems.

ok boomer. the tech will move on, it is only a matter of time until a coin with true onchain scaling and decentralization comes. Also there are a lot of ways to hide your payments even without sidechains. The most excellent outside of privacy coins is ethereum with zkproofs (tornado.cash) actually. bitcoin was cucked hard and maxis are blind delluded bagholders now.

The problem with larger blocks is that the Blockchain will grow at faster rates. And with a larger Blockchain less people will decide to run a full node.
I am currently downloading the Blockchain for my Bitcoin Core Node and it's already fucking annoying to download ~300GB. The less people run nodes the more insecure the network becomes and 51% attacks come more likely.

The Blockchain size will become an issue for all cryptocurrencies in the future, but right now most Altcoins have blockchains with less than ~50 GB which is by many end users still acceptable to download. But when looking at the future (next 20+ years) we should probably focus on keeping blockchains small.

At some point in the future it will be very likely that we will only see very important transactions landing on the blockhain and the rest ending up in Layer 2+ solutions.

the number of nodes DOESN'T MATTER
HASH POWER DOES
YOUR RASPBERRY PIE IS NOTHING

thats core propaganda. i bought a 10 terabyte hdd for ~150 $, im actually running an eth archieve node. Internet is getting faster and cheaper also, blockchains can scale with that. 51% attacks are due to miner and not because of nodes. in fact the mining pools in btc are so big that two pools own 60% of the hashrate. the way forward is pos or a hybrid pow/pos system at best, because anyone can use a laptop in a pos system to mine and validate blocks.

maybe this whole thing was just a bad idea from the start ? I feel like the only reason this shit even still exist at this point, is because of the enormous amount of money spend on mining and propping up the price
looking at it from a pure tech point, it's seems line a dead end

A 2TB harddrive is like 50 bucks. Cope

Most people don't even see the value in running nodes period. Look at how impossible it is to run an Ethereum node without trusting some fast sync source.
The fact that Bitcoin has a culture that cares about running nodes means it's the most likely coin to resist attacks and it already demonstrated that by fending off segwit2x because of gavin and mike hearn spazzing about trying to onboard the world when nobody even cares about payments anyway, people only buy this shit to get rich or because they are sound money libertarians. TPS is the biggest meme in crypto. Silicon Valley will destroy every coin with instant and free transactions with zero emissions, etc. Who gives a fuck, that's not why Bitcoin is valuable and trying to make it compete on that means you sacrifice the things that silicon valley coins can't do

large mempoolers

>NOOOOOOOO FEES CAN'T GO UP PEOPLE WILLING TO PAY FOR TRANSACTIONS MEANS BITCOIN IS DEAD NONONOOOOOOOOO MY KFC NOOOOOOOAAAAAAAAAAAARGH

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>Most people don't even see the value in running nodes period.
Most people don't own any relevant of Bitcoin to matter in Bitcoin, which is why blocks aren't going to be made bigger so literal niggers can transact on the blockchain and governments can seize blockchain datacenters.

Its not just storage retard. The fact that you think so means you've never run a node. It can take days to index a node even with all the blocks downloaded because of cpu. The biggest concern is bandwidth, the majority of people in this country have shit tier 50mpbs connections with data caps. I had to artificially limit my btc node upload speed to avoid having my ISP charge me overages.

Miners generate Blocks and nodes verify them. Without nodes miners can produce illegal blocks and nobody will notice. This will split the chain and then we got 51% attacked. You should probably read Mastering Bitcoin or a similar book.

That's true. But still the amount of casuals users running nodes stagnated since ~2014 (when SPV wallets became a thing). A HDD is cheap, but normies won't go through the trouble to setup a node and download halth a TB just for "SeCuRINg ThE NeTWOrk". So who's left to run full nodes? techies and big companies. There you have it: centralization

>maybe this whole thing was just a bad idea from the start ? I feel like the only reason this shit even still exist at this point, is because of the enormous amount of money spend on mining and propping up the price
>looking at it from a pure tech point, it's seems line a dead end
Maybe you are right... I am not exactly bullish on Crypto ATM

i actuslly ran a node in likr a dozens projects already. you can get 300k glass faser for 50 bucks per month. also you are ignoring the other points because you got rekt corecuck

How many loads from roger and craig does a person have to swallow in order to start thinking nodes don't matter?

Its a check and balance on miners, especially if they are economic nodes. If nobody runs nodes then the miners can double spend or create inflation or publish blocks with whatever difficulty they want or ANYTHING they want because nobody will orphan their blocks

Couldn't agree more!

you still need 51% of the hash power to attack, nodes will just check if the code rules are intact. but if a majority of the hashing power supports a tx, this tx gets adapted by nodes. thats the coded consensus algo. so hashing power > nodes

Congrats on being one of like 100 people with the patience to run an eth archive node. That shit is certainly not the norm and never will be.

Try running that node over TOR. Does it still work? Didn't think so

tor is slower to download the chain but it is still fast enough to not be behind more than a few minutes once you have the chain downloaded. also you can use proxys to hide your public ip, most tor exit nodes are compromissed anyways