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Author Topic: Bitcoin developers wants to lower blocksize to 300kb to push LN  (Read 446 times)
gentlemand
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February 19, 2019, 05:03:02 AM
 #41

The last time he encountered a real developer on here it was not a pretty sight. I'll leave it to your imagination as to who came off worse.
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February 19, 2019, 07:13:53 AM
Merited by BitcoinFX (1)
 #42

I remember a plenty of posts from dabblers screaming about how a massive chunk of their dabble was lost in the sending so I think yes to an extent. If your first toe dip results in much of your play evaporating you're going to be turned off for quite some time, if not for good. Enough narked minnows is the same as one big swinging dick.

you also gotta think about the millions of people where an onchain fee is more than an hours wage.
even if they lock funds up to then play with LN.. they still gotta pay upfront just to get into LN

The design for Bitcoin was always dependent on users paying fees. Not to mention the fact that you need to buy (or mine) bitcoins first in order to use them. There have always been -- and will continue to be -- upfront costs just to use Bitcoin.

Once you've paid enough fees for two (or four or six) onchain transactions to open Lightning channels, you can make far more offchain transactions than that. Paying less fees for more transactions, with a security model that leverages Bitcoin's blockchain -- what's to complain about?

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February 19, 2019, 12:28:10 PM
 #43


The design for Bitcoin was always dependent on users paying fees. Not to mention the fact that you need to buy (or mine) bitcoins first in order to use them. There have always been -- and will continue to be -- upfront costs just to use Bitcoin.

Once you've paid enough fees for two (or four or six) onchain transactions to open Lightning channels, you can make far more offchain transactions than that. Paying less fees for more transactions, with a security model that leverages Bitcoin's blockchain -- what's to complain about?

Smaller Blocks = Less SPAM. Less pollution.

or middle-out ...

- https://www.quora.com/Is-middle-out-compression-real   Cheesy

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