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A comment on Crypto firm BlockFi files for bankruptcy as FTX fallout spreads. Parent comment

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by lawn on Monday November 28, 2022 @01:51PM (#33777810)
> I don't know what the perfect block size is, but quadrupling down on on block size and turning down all alternatives is not a good long term plan.

BTC's 1 MB (or a bit more with segwit accounting) is just hopelessly obsolote, we could easily handle multiples without any issue whatsoever, and it would require a massive increase there after to reach the state of "one or two nodes".

Further, BCH isn't "turning down alternatives". It's a permissionless system after all, and it does have malleability fixes if you want to have layer two for it.

It's BTC who is blocking any on-chain scaling and bet everything on the experimental Lightning Network (that's still experimental mind you).

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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by stickfigure on Monday November 28, 2022 @05:25PM (#33780744)
BCH's block size is also hopelessly obsolete. You simply cannot fix the system by making the blocksize bigger, so BCH is a pointless exercise.
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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by lawn on Tuesday November 29, 2022 @12:16AM (#33783967)
It's not pointless, it's necessary although not sufficient on its own.
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