{"type":"rich","version":"1.0","author_name":"npub1fx98zxt3lzspjs5f4msr0fxysx5euucm29ghysryju7vpc9j0jzqtcl2d8","author_url":"https://nostr.ae/npub1fx98zxt3lzspjs5f4msr0fxysx5euucm29ghysryju7vpc9j0jzqtcl2d8","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-08-11\n📝 Original message:On Aug 11, 2015 9:37 PM, \"Michael Naber\" \u003cmickeybob at gmail.com\u003e wrote:\n\n\u003e Hitting the limit in and of itself is not necessarily a bad thing. The\nquestion at hand is whether we should constrain that limit below what\ntechnology is capable of delivering. I'm arguing that not only we should\nnot, but that we could not even if we wanted to, since competition will\ndeliver capacity for global consensus whether it's in Bitcoin or in some\nother product / fork.\n\nYou didn't answer the 2 questions...\nAnyway, if we don't care about centralization at all, we can just remove\nthe limit: that's what \"technology can provide\".\nMaybe in that case it is developers who move to a decentralized\ncompetitor...\n\n\u003e On Tue, Aug 11, 2015 at 2:27 PM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e On Aug 11, 2015 8:46 PM, \"Michael Naber\" \u003cmickeybob at gmail.com\u003e wrote:\n\u003e\u003e \u003e\n\u003e\u003e \u003e Hi Jorge: Many people would like to participate in a global consensus\nnetwork -- which is a network where all the participating nodes are aware\nof and agree upon every transaction. Constraining Bitcoin capacity below\nthe limits of technology will only push users seeking to participate in a\nglobal consensus network to other solutions which have adequate capacity,\nsuch as BitcoinXT or others. Note that lightning / hub and spoke do not\nmeet requirements for users wishing to participate in global consensus,\nbecause they are not global consensus networks, since all participating\nnodes are not aware of all transactions.\n\u003e\u003e\n\u003e\u003e Even if you are right, first fees will raise and that will be what\npushes people to other altcoins, no?\n\u003e\u003e Can we agree that the first step in any potentially bad situation is\nhitting the limit and then fees rising as a consequence?\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150811/59cd09a5/attachment-0001.html\u003e"}