I read somewhere Satoshi Nakamoto, the father of bitcoin didn't agree with Segwit and he was opposed it. is it true? If yes Does it mean he agreed with Cash?
I had read more than a couple of times from different sources that Satoshi expected bitcoin to scale larger than Visa. Point is Visa handles, 150,000 million transactions per day, 24,000 tps. Current tps of bitcoins 7. Satoshi had mentioned Moore's law in accordance with scalability. Let's assume Moore's law isn't dead and agree with Intel that it's still valid.
Moore's law is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years.
https://en.m.wikipedia.org/wiki/Moore%27s_lawSo let's double the blocksize every two years, 1,2,4,8,16,32 MB. How many years? 8 years. Now to have a scalability as Visa you need a minimum of 8 GB blocksize. And at what cost? Let's assume we have 5000 nodes at 1 MB, node depreciation would happen in proportion with block size increase and by the Visa standards you just might have one node, figuratively, and how much centralization would that would be?
Bitcoin could easily Scale much bigger than Visa if you take the decentralization aspect away, but it ain't it's purpose, one of the weaknesses of bitcoin is scalability, but on the plus side it is transparent and decentralized.
Now Segwit, if I am right LN could process thousands of transactions within a second, something equal to Visa. LN is open source and anyone can run a node, and still it could be argued that LN leads to centralization, perception.
From a neutral PoV, technology is advancing at a rapid rate, GPU, ASICs, and we aren't sure how technology is going to affect bitcoin mining in future. In the same sense what Satoshi said was about 8 years ago when bitcoin cap wasn't around $65 billion. Many possible implementations with bitcoin protocol are possible which Satoshi might not have thought about. In every argument, dragging white paper and Satoshi said so/Satoshi's vision might not be a logical/constructive approach, it was Satoshi's vision at that time, if he/she/they were around now then we would have asked how to proceed. But since not there, we have to move according to consensus/majority/what's good for bitcoin.
PS: Hope I am right with the Moore's law, if not please do correct me.
