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?
Not my words but what you’re asking for and links at the bottom…
There is a problem with Bitcoin that no one ever talks about. Some major events happened in 2017 that a lot of people did not understand or pay attention to, but completely changed the course of Bitcoin's history. At the time I was following development news, learning and reading as much as I could about the tech, attending conferences, meeting other people who were excited about it, and at the time everyone largely understood that Bitcoin's purpose was to destroy the fiat system by limiting the total supply of coins that could be created.
I watched petty drama unfold into a full blown hostile takeover as a regime formed within the dev community that did not allow discussion of any scaling solution that continued the original design of peer-to-peer electronic cash. There was a focused effort to drill into the minds of the masses that it wasn't possible, and insisted that the only scaling solution was to add additional layers creating more complexity and incentivizing third-party custodial services.
Bitcoin reached its full transaction capacity due to an artificial 1MB limit of the block size and the Bitcoin Core developers argued that it could not be increased without destroying decentralization (because 2-4MB every 10 minutes is supposedly too much for a home computer to handle), did not even allow discussions of increasing it. Well, despite the BTC side's protests, a fork did occur in August 2017 and a new branch of Bitcoin started called "Bitcoin Cash" or BCH, with a higher network capacity (now 32MB).
There was a heavy smear campaign against BCH calling it a fraud and a scam that lasted years. Censorship is still going on to this day in the official Bitcoin subreddit and forums regarding increasing the block size. Anyone who figures out this problem is labeled a troublemaker and kicked out, shadowbanned, etc.
So for anyone reading this, I suggest reading up on this history, because the problems with Bitcoin today are many, and I believe it's being setup as a Trojan Horse operation which the cabal will use to trap people in thinking they have found financial freedom, then the price will crash on its own just like in 2017, because the network is still limited in capacity, fees will be so astronomical that no one will be able to use it unless it's through approved custodial services.
I've always thought since the first major crash in December of 2017 from 20k, that was the start of them gaining full control of the BTC market. It's only a matter of time before it happens again. The root cause of that crash was the small block size which drove up transaction fees to the point Bitcoin was seen as a failure. Transactions were stuck for days or weeks unless you could afford $100+ fee. That was done so they could justify pushing everything onto a second layer and say the main chain was just going to have high fees and if you can't afford it, tough.
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?
Not my words but what you’re asking for and links at the bottom…
There is a problem with Bitcoin that no one ever talks about. Some major events happened in 2017 that a lot of people did not understand or pay attention to, but completely changed the course of Bitcoin's history. At the time I was following development news, learning and reading as much as I could about the tech, attending conferences, meeting other people who were excited about it, and at the time everyone largely understood that Bitcoin's purpose was to destroy the fiat system by limiting the total supply of coins that could be created. I watched petty drama unfold into a full blown hostile takeover as a regime formed within the dev community that did not allow discussion of any scaling solution that continued the original design of peer-to-peer electronic cash. There was a focused effort to drill into the minds of the masses that it wasn't possible, and insisted that the only scaling solution was to add additional layers creating more complexity and incentivizing third-party custodial services. Bitcoin reached its full transaction capacity due to an artificial 1MB limit of the block size and the Bitcoin Core developers argued that it could not be increased without destroying decentralization (because 2-4MB every 10 minutes is supposedly too much for a home computer to handle), did not even allow discussions of increasing it. Well, despite the BTC side's protests, a fork did occur in August 2017 and a new branch of Bitcoin started called "Bitcoin Cash" or BCH, with a higher network capacity (now 32MB). There was a heavy smear campaign against BCH calling it a fraud and a scam that lasted years. Censorship is still going on to this day in the official Bitcoin subreddit and forums regarding increasing the block size. Anyone who figures out this problem is labeled a troublemaker and kicked out, shadowbanned, etc. So for anyone reading this, I suggest reading up on this history, because the problems with Bitcoin today are many, and I believe it's being setup as a Trojan Horse operation which the cabal will use to trap people in thinking they have found financial freedom, then the price will crash on its own just like in 2017, because the network is still limited in capacity, fees will be so astronomical that no one will be able to use it unless it's through approved custodial services.
https://txstreet.com/v/btc-bch
https://www.youtube.com/watch?v=eafzIW52Rgc
https://www.youtube.com/watch?v=UYHFrf5ci_g
Again, not my words…
I've always thought since the first major crash in December of 2017 from 20k, that was the start of them gaining full control of the BTC market. It's only a matter of time before it happens again. The root cause of that crash was the small block size which drove up transaction fees to the point Bitcoin was seen as a failure. Transactions were stuck for days or weeks unless you could afford $100+ fee. That was done so they could justify pushing everything onto a second layer and say the main chain was just going to have high fees and if you can't afford it, tough.