Oddbean new post about | logout
 bigger blocks are the solution here.

Larger blocks = more transactions = miner willingness to mine = lower fees = more transactions = miners willingness to mine

The next 4 years will be interesting at a block txn cap of ~1 MB (original) and ~4MB segregated Witnesses, but still nothing in comparison to what we really need it at

nostr:nevent1qvzqqqqqqypzpgf0kllq29ey5d80xsy7hndnw7uaz9t60xm69lxc6qyfjhcepk07qqsg90plz3x53nej85myn93tldnec9tlr7v85vwyyxrdcnq49p334pquafu3h 
 Yeah it makes DCAing p2p hard at smaller amounts. 

Bisq needs lightning or else its kinda unusable at small amounts.   
 Do you use bisq a lot?  
 Used to but now I started using Havano-reto. Monero fees are still cents.  
 Bigger blocks => less decentralization 
 No, just means every progressive miners. Btw, how decentralized is it now? A solo Satoshi is not securing the network. 

At 7 txn per second, it's no where near PayPal, MasterCard or visa. 

Bigger blocks require specialised computers.

Bitcoin cash seems the logical step up rather than using an entirely second network or third party institution to manage spending..  
 🤣good joke 
 i'm not those, these are just facts.

Within the next 2 years, I want to see what's going to happen. Miners are capped and the earning per block is capped. There's meant to be a switch over from block rewards to transaction fees. 

Earning 1.25 BTC in the next halving is going to be very very interesting. 
 I suggest a switch over from Bitcoin to dogecoin instead