I did, for quite some time, fail to see the real scaling hurdle that faces Bitcoin. It was all about the blocksize and how many transactions we could get on-chain. Blocksize just jumps out at you, before anything else, as the obvious and most direct corollary to how much we can accomplish with the blockchain….
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I want you to do something for me. Take a minute, and go to your favorite block explorer, and watch the transactions roll in. As I write this, Bitcoin is running with a little over 200,000 unconfirmed transactions. We have been told over and over that this is a requiem for Bitcoin. That high fees…
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The recent Litecoin Roundtable decision has released a flurry of excitement as well as the oft-heard claim of “Centralization!” At a cursory glance it sort of appears that way. We see a small group of influential players in the crypto space, gather together to “decide” what Litecoin is going to do. The outcome of which, I…
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This is an oft heard statement that while true, we must consider to what degree. I have shilled for Bitcoin to many people with the focus on cheap and nearly instant payments in the past. It is an excellent selling point for someone who is ignorant of the technological breakthrough and indifferent to the revolutionary political…
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When browsing discussions of the Lightning Network, I find the context is almost universally under the context of scaling. Clearly LN (the lightning network) is an amazing solution to the Everest sized problem of exponential scaling. While some focus on scaling as a linear problem, in need of a rather immediate linear solution, LN is…
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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