What I don’t understand is how Bitcoin can ever function as a currency when the small size of the packets slow down transactions per second. Am I correct in that Sitoshi meant for the packet size to scale up with the volume but big bank infiltrators infected the controlling board of Bitcoin and changed the plans for scalability by diminishing it. Their answer to the transaction/sec problem was the lightning network that takes incentive away from the miners.
I’ve read and seen live Bitcoin transactions/sec and it’s terribly slow. Supposedly there was one break away from the infected body in control of Bitcoin and that person solved the scalability problem by advancing Sitoshi’s original plan to scale up packet size increasing Transaactions/sec. This person is the backer of Bitcoin cash.
The way I understand it, and that’s not saying much because I have not spent much time digging, is that Bitcoin is and will continue to be a good storage of wealth, similar to gold, due to its limitation causing rarity but not good as currency. Supposedly Bitcoin cash is the superior candidate for a currency.
Trump finally vocalizing support for Bitcoin has me thinking of Lt Gen Jason Lowry and his book SoftWar in which he posits that Bitcoin should be used as a weapon. When you couple Lowry’s ideas with Lt Gen Kwast’s revelation that there is current technology to harvest solar energy in space where there is no atmosphere to degrade the harvest. Efficiency jumps from 20% here on earth to 80%+ in space. He also says they can convert all this energy to radio waves, send them down to earth, and then convert them back to electrical energy. Now throw in Trump’s latest comments about supporting Bitcoin miners and energy dominance and guess what you’ve got? A recipe to use Bitcoin as a weapon to dominate the globe through extreme energy production and using that energy to mine Bitcoin. They will literally, with the help of AI, turn our national electrical grid into a giant living computer to mass produce Bitcoin.
I’m just spitballing with all this. I’m not sure I know enough for any of it to be possible.
Doing BTC research by combing GAW for posts where the returns are far better than from search engines.
You're assessment looks good from what I've learned. I keep reading of a permanently limited block size, but my almost 50 years experience with software tells me that nothing in software is permanent -- flexibility is it's strength, and in so many ways it's curse. Do you have any insight on this point?
Yes, DJT posted this on Truth Social.
Maybe I'm just stupid ---- but this doesn't make any sense.
Bitcoin is decentralized. CBDC will be a centralized fiat-like digital currency.
....except for the root DNS servers ----- there are only 13 in the world.
What don't you understand? I have been digging on the bitcoin angle for a minute now, so maybe I can help you if you have questions
What I don’t understand is how Bitcoin can ever function as a currency when the small size of the packets slow down transactions per second. Am I correct in that Sitoshi meant for the packet size to scale up with the volume but big bank infiltrators infected the controlling board of Bitcoin and changed the plans for scalability by diminishing it. Their answer to the transaction/sec problem was the lightning network that takes incentive away from the miners.
I’ve read and seen live Bitcoin transactions/sec and it’s terribly slow. Supposedly there was one break away from the infected body in control of Bitcoin and that person solved the scalability problem by advancing Sitoshi’s original plan to scale up packet size increasing Transaactions/sec. This person is the backer of Bitcoin cash.
The way I understand it, and that’s not saying much because I have not spent much time digging, is that Bitcoin is and will continue to be a good storage of wealth, similar to gold, due to its limitation causing rarity but not good as currency. Supposedly Bitcoin cash is the superior candidate for a currency.
Trump finally vocalizing support for Bitcoin has me thinking of Lt Gen Jason Lowry and his book SoftWar in which he posits that Bitcoin should be used as a weapon. When you couple Lowry’s ideas with Lt Gen Kwast’s revelation that there is current technology to harvest solar energy in space where there is no atmosphere to degrade the harvest. Efficiency jumps from 20% here on earth to 80%+ in space. He also says they can convert all this energy to radio waves, send them down to earth, and then convert them back to electrical energy. Now throw in Trump’s latest comments about supporting Bitcoin miners and energy dominance and guess what you’ve got? A recipe to use Bitcoin as a weapon to dominate the globe through extreme energy production and using that energy to mine Bitcoin. They will literally, with the help of AI, turn our national electrical grid into a giant living computer to mass produce Bitcoin.
I’m just spitballing with all this. I’m not sure I know enough for any of it to be possible.
Im glad I read that
Doing BTC research by combing GAW for posts where the returns are far better than from search engines.
You're assessment looks good from what I've learned. I keep reading of a permanently limited block size, but my almost 50 years experience with software tells me that nothing in software is permanent -- flexibility is it's strength, and in so many ways it's curse. Do you have any insight on this point?
What happens when a government blocks bitcoin packets?
What happened to John McAfee?