El Salvador adopts Bitcoin as official currency, first country to do so

Re:El Salvador adopts Bitcoin as official currency, first co... by topranks on Wednesday September 08, 2021 @01:27PM (#28460299)

I hear where you are coming from.

But changing the blocksize is just a software change. It doesn't require outlay on a "bigger engine", or any new engineering. The "existing bitcoin network" could switch to it with a 1 line change in the code.

So it's not quite the same as some of your examples.

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Re:El Salvador adopts Bitcoin as official currency, first co... by simiones on Thursday September 09, 2021 @08:34AM (#28468960)

> just a software change

It's not "just" a software change. It's a huge political and organizational issue. It has been proposed and agreed and disagreed and fought over for many years, with no plausible change in site.

Turns out, changing fundamental limits of a truly distributed system is actually very hard. True, not entirely for engineering reasons, but that makes it even worse - engineering can in principle be solved, people problems can be forever.

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#Bl...

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