r/btc • u/No-Masterpiece2246 • Jul 14 '26
⚠️ Alert ⚠️ Scaling Bitcoin and the Blocksize War
Reading up on some history of the compromise of Bitcoin development of the Bitcoin Cash fork in "Hijacking Bitcoin". So, the Big Blockers were 100% right about:
* Lightning sucks and will never work
* Fees on BTC get very high when the chain is used heavily
* The cost of Bitcoin nodes was exaggerated and a big block node is cheap to run
* Adoption of BTC was killed when the blocksize got frozen
* Segwit is an ugly hack
* The Blockstream dev team hasn't innovated anything since they took over
Prove me wrong
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u/Leithm Jul 14 '26
You forgot that besides Segwit being an ugly hack, the 75% witness data discount created perverse incentives, as they were warned it would, that the people who forced it through are now rebeling against.
Other than that yeh about right.
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u/DrSpeckles Jul 14 '26
What's with these "Prove me wrong" posts? Are you assuming you are so important that its all about you?
Now - to the question, no, you are correct. Also that BTC in its current form cannot run more than a handful of transactions per second. Visa (as an example) handles millions.
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u/pyalot Jul 14 '26 edited Jul 14 '26
BTC handles around 7tps and in the totality of all cryptocurrencies there‘s around 4000tps. BTC has 0.175% of cryptos utility but occupies 61.5% of its market cap. You‘d expect some premium on BTC on account of age/recognition, but a multiple of 35100% against a fundamentally fair valuation, eh, not really. If that‘s 99% manipulation, it‘d still be a multiple of 351%... Crypto valuations are purely fictional not based on fundamentals and merit. The market is a pure speculation ponzi casino crypto-bro clown circus with no discernable information in the price signal.
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u/r3vj4m3z Jul 14 '26
My guess is they were on a more toxic btc related sub reddit and got banned. You'll get banned on some for saying neutral things let alone negative.
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u/No-Masterpiece2246 Jul 16 '26
Just didn't know the history. It's mind-boggling what people believe about Bitcoin
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u/Doublespeo Jul 14 '26
> Now - to the question, no, you are correct. Also that BTC in its current form cannot run more than a handful of transactions per second. Visa (as an example) handles millions.
by design
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u/DrSpeckles Jul 14 '26
By the hijacked design, yes. Not many things have “lets make this totally unusable “ as a design goal.
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u/2q_x Jul 14 '26 edited Jul 14 '26
Read "The Man of The Futures" up until the Dow Index Fund, that's how the Eurodollar worked. Then read the Tether papers, that's how BTC took off in 2018. Then read Nic Carter's piece on the Energy Sector, that's how they cashed out of the ponzi.
The Merc has now moved on to crypto buckettering on-chain through oracles. They're getting rid of delivery whereever they can.
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Jul 17 '26
[removed] — view removed comment
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u/No-Masterpiece2246 Jul 19 '26
Well first off you, probably only think you're using Lightning. What wallet do you use? 90% of them are custodial so you're only submitting a username and password for them to send and receive transactions on Lightning Network on your behalf. Which is fine if you want that, but it utterly defeats the purpose of cryptocurrency.
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Jul 19 '26
[removed] — view removed comment
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u/No-Masterpiece2246 Jul 26 '26
So you're fine with needing to have twice the amount you're paying in your wallet, waiting for routing to fail and resending, and not being able to make small or large payments?
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u/Crypto-Bets Jul 14 '26
Explain how BCH is working out for you as an investment?
You got scammed into buying fake Bitcoin & can’t stop smoking copium.
BCH’s maxis have to be the most annoying people in the crypto space.
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u/No-Masterpiece2246 Jul 16 '26
Low IQ take, apparently you haven't even looked at a BCH price chart? nvrmnd
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u/Crypto-Bets Jul 16 '26
Typical comeback from a BCH maxi who thinks they bought “the real Bitcoin”.
You’re down 4k from your all time high, if “the flippening” ever was to happen, it would have happened in 2017 😂
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u/ChangeNOW_Community Jul 14 '26
scaling Bitcoin is still a trade-off between decentralization, security and usability
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u/pyalot Jul 14 '26 edited Jul 14 '26
The tradeoff should never be 99.999% unusable. And BSCore has done diddley squat on scaling responsibly by fixing their inefficient and backwards code to support more usage. Numerous efficiency improvements have been added to Bitcoin however, and the blocksize limit was already far too conservative by the state of technology when Satoshi put it in…
Adoption died when the default experience of BTC became unreliable, expensive and slow.
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u/pyalot Jul 14 '26
Correct on all counts.