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Re:MasterCard to open up network to cryptocurrencies by nemo44x on Thursday February 11, 2021 @11:26AM (#26103448)
You can divide it over and over. The source code is a living document and transaction speed can be implemented either off chain, in the code base itself, or otherwise.

It’s weird to see so many opinions on this website that think BTC is a static thing that can’t or won’t adopt useful pull requests that miners agree are useful.

It’s like if it were the mid-90’s and everyone was just as skeptical of e-commerce of the web in general.

Useful things get better.

Re:MasterCard to open up network to cryptocurrencies by zucker42 on Thursday February 11, 2021 @11:41AM (#26103684)
> in the code base itself

There was a fierce debate that lead to a hard fork over increasing transaction throughput by raising the block size, so I think it's really not a given that BTC will change to increase transaction speed.

Also, one problem people have with Bitcoin is that the idea of every node of the network storing and processing every transaction is fundamentally not scalabe. Sure BTC can change and adapt, but it's hard to overcome a fundamental design shortcoming.

Re:MasterCard to open up network to cryptocurrencies by nemo44x on Thursday February 11, 2021 @11:45AM (#26103760)
Right and look at the result - Bitcoin Cash is a failure. This is true democracy. We tested both solutions and the champion still stands.

When there is incentive (if there ever is) then miners will adopt changes that make sense. But you need a true consensus. This built in conservatism is a great feature of BTC.

Re:MasterCard to open up network to cryptocurrencies by BTCOG on Thursday February 11, 2021 @12:15PM (#26104245)
Funny how all voices of reason in the Bitcoin threads get downvoted into oblivion. I'm upvoting your posts to make them seen. Correct. Bitcoin Cash was a fork that tried to prove an incorrect point, and lost the fairest way possible.

Increasing block size is simply a bad idea. You do not move fast and break things in mission-critical code. Bitcoin is more focused on working (as it does) and remaining secure. Bitcoin is the best money the world has EVER seen, and it's not important to be able to buy frivolous things with Bitcoin. What is important is making sure value transfer is safe and secure. Those of us who routinely truly use Bitcoin understand we can easily send $50-100 or whichever value you prefer and put in low fees around $0.50-2 and just wait on the money to securely transfer. Not many of us using Bitcoin care if that takes 1-24 hours. The currency aspect is very beta yet, and may even take a few more years to mature and will have to come in layer 2.

Re:MasterCard to open up network to cryptocurrencies by imtringued on Thursday February 11, 2021 @06:32PM (#26108961)
>It’s weird to see so many opinions on this website that think BTC is a static thing that can’t or won’t adopt useful pull requests that miners agree are useful.

The last time this happened we got Bitcoin Cash.