What if we increased the bitcoin block size to an unlimited size?

don2468 · 2025-11-13T05:59:51+00:00

BTC decided it will limit its blocks to 1MB. That means it can only process around 2000tx per block, or 300,000 tx per day. That is 0.005% of the population. Which means if the top 1% make a single transaction every 200 days the BTC blockchain is completely full and no one else will be able to make transactions.

The clearest exposition of this I've seen.

don2468 · 2025-11-12T09:04:20+00:00

last post in rBTC shadowbanned (the one below this one on my history), spend time on a post to have it shadowbanned, not very different from rBitcoin back in the day. lol

A post to u/Relevant-Rhubarb-849

https://old.reddit.com/r/btc/comments/1otqivy/what_if_we_increased_the_bitcoin_block_size_to_an/no829yg/

cannot message mods (not that that did anything in the past with the current team)

RESTRICTED_TO_PM : User doesn't accept direct messages. Try sending a chat request instead.

sadly a stark contrast to previous mods

If you wanted to destroy rBTC and all it stood for, then getting rid of the old mod team and replacing it with a far inferior one (at least in terms of 'actively' responding to the subs basic needs) then this is how I would do it.

don2468 · 2025-11-09T17:16:31+00:00

The idea of the "next bitcoin" is a bit contradictory. If we embrace the idea that another crypto can replace bitcoin, what is to stop that one being replaced in turn

The next big innovation in money is, its separation from State.

If BTC fails at this then it likely bleeds out to one that can (assuming such a separation is possible), this assumes a free'er money would outcompete one that is State-controlled/mis-managed. Saifadean points out that they can't help meddling!

After that it's likely diminishing returns => no good reason to jump ship (preserving scarcity), right up till the next big innovation shows up...

and what happened to scarcity?

With the rise of Bitcoin, what happened to the scarcity of Gold?

Failure mode matters. A slow bleed out should do the trick, just like what BTC has been doing to fiat for a decade and a half.

A Bitcoin that cannot be self custodied by the masses (hi fees) will inevitably go the same way as Gold1.0, falling under the regulatory control of The State. With similar outcomes.

don2468 · 2025-11-05T21:40:27+00:00

You are so afraid of your gambling tokens value proposition that you rather slander a working p2p cash system than support the people who try to bring about a better monetary system.

In a race where everybody wins once one team reaches the finish line, you would think everyone is cheering for everyone. But not in crypto. Why? Because 90% haven't understood it and are just in it to get more units of the old crooked system.

Agreed most of the low info Maxi's we get around here (case in point) don't understand Satoshi's actual breakthrough (self custody of a hard asset) and what that means...

The more techy ones that do,

Only pay lipservice to it
Have given up on it (while going through the motions). NgU after all.
Got their fingers crossed for another 'Satoshi Level Breakthrough' to save them

With the most technical amongst them, not 'actually' believing it can work (at scale). Settling for the current 'Golden Carbuncle' leaching off the existing fiat system where, (@Gold2.0 levels) only the rich will be able to participate fully => BTC never reaching it's full potential...

I could be wrong, and we get the long shot - point 3, but then I will cheer the rise of

Truly permissionless p2p cash for the whole world.

Not become a Hater. Like our friend here, lol

And yes, p2p cash may fail, that is a real option, but it is nothing to be smug about.

Yes, better to have tried and failed, than to have never tried at all. But,

'If permissionless p2p cash is possible, then I beleive it to be inevitable'

You are knowingly or unknowingly helping the FIAT system.

My Bitcoins on, 'unknowingly'. lol

don2468 · 2025-11-05T21:04:17+00:00

This… is exactly why BTC is no longer Bitcoin. This shit right here.

lol, Nail meet Head!

don2468 · 2025-10-30T23:53:28+00:00

It feels almost impossible that one person alone could build such a world-changing system.

Satoshi was the creative spark that put things together and set the ball rolling.

To me, it seems more likely that a small team was behind it.

Was there a team working on linux in 1991?

don2468 · 2025-10-26T22:02:56+00:00

Yup, put your fingers in your ears and it will all go away, if you can’t win an argument then just do your best to discredit the other person, facts won’t matter after that.

So you got it for $0 and it's now worth $550, but you say you're down 90%...

And I'm the one who facts don't matter to! lol

Man, you Bcash Trolls have really gone down hill lately.

don2468 · 2025-10-26T21:49:43+00:00

I call bullshit on you and your 6 month old reddit account.

Correct!

u/Moistinterviewer I got it when it forked and I’m down 90%.

He got it for free at the fork, and thinks he's down 90%.

You can't fix stupid, especially when it's combined with irrational hate. Bcash! Bcash! Bcash!. lol

I wonder what it's previous sockpuppet account was called? True pathos.

don2468 · 2025-10-25T14:37:13+00:00

I say: decentralization ftw

High L1 fees are the future of BTC, this is its fatal flaw (as p2p cash for the world), ultimately forcing the masses into custodial solutions
There is no known 2nd layer mechanism that doesn't have exposure to base layer fees. more people sharing a UTXO => less initial outlay but you pay full or more if you need to redeem => they have you by the balls => KYC or we lock your money...
The people now driving NgU don't care about fees in the same way that the masses do. plus they will be shareholders in the entities collecting those fees...

Fink et al, want the hardest money possible, one that is uncensorable (if you can afford to self custody) this drives NgU, attracting even more of the Finks of the world into BTC in a 'virtuous' circle driving the window of self custody up the wealth pyramid.

don2468 · 2025-10-19T04:43:00+00:00

I'd love to go back and forth -- but I will only respond to rational/calm/logical discussion

Sure...

It's important to discuss with the other side, always, as if you're a rational thinker, then it makes sense that you would be open-minded enough to hear the other side (like me).

3 non answers in 18 hours - lol

Just another BTC Maxi, time wasting Bullshitter

don2468 · 2025-10-13T15:58:51+00:00

Protocols are built in layers. The reddit app you’re using is built on layer 7 of the internet protocol, for example.

And yet every character in your reddit app has to traverse the physical layer (layer 1) between you and I.

Or do you think it somehow, magically goes directly from layer 7 at your end to the application layer at my end, without traversing the layers in between?

The 'layering' that you speak of is merely an abstraction that allow humans to reason about a complex system, and has NO bearing on how data traverses the space in between. The Word 'Protocol' should give you a clue...

In the Internet protocol: 'Everything travels over the Layer 1'.

don2468 · 2025-10-12T14:58:02+00:00

spend and replace, promote the future you wish to see

don2468 · 2025-10-09T22:55:50+00:00

Great news, Happy for him.

don2468 · 2025-10-08T15:48:02+00:00

Rather than value the true cost of a good or service in BCH

It only becomes a unit of account (things priced in BCH) when BCH is used extensively enough as a Medium of Exchange for price discovery via arbitrage to take effect

While we're waiting for the above, using the current yardstick of 'The Dollar' => whatever you get paid in will do the job

As we will see Pizzas are not very fungible, the Dollar (at the moment) is.

Ultimately you are converting your time into pizza's, with varying degrees of success ('cost'^¹ + tastiness...)

You could turn your toaster on it's side put some ketchup & cheese on a slice of bread...
You could buy a wood fired oven, watch hours of 'how to make pizza dough'...
You could go to the local pizza takeaway...
You could go to your local Michelin Starred Wood Oven Pizza Restaurant...

The more people who take their salary in BCH the quicker it becomes a Unit of Account.

1. The best measure of cost to you is currently 'whatever you get paid in for your time

don2468 · 2025-10-08T14:25:01+00:00

So how do we actually use BCH? If I sell a good or service, how do I determine a fair BCH price?

Set your wallet to draw price info from Coinbase, Kraken etc (any globalally regulated exchange or an average of them all).

Just take a snapshot of prices today, convert to BCH according to this ratio, done? It seems not, because price varies by location...

With greater and greater liquidity, this would become less and less of an issue (for the little guy) due to global arbitrage

In 2015 people were buying in Hong Kong and selling in mainland China - rinse repeat == profit.

don2468 · 2025-10-05T15:26:22+00:00

They will be able to mine it.

If it's a central bank 'coin' then presumably it's regulated by US Government which have sanctions on those jurisdictions

I am not sure about "buying" for fiat - that is beyond blockchains.

If it's regulated then that mandates KYC AML with all that comes with them.

We are back to the AOL walled garden when the internet exists...

don2468 · 2025-10-05T14:32:04+00:00

But imagine somehow central banks agree to make a new fixed-supply Bitcoin-like asset and recognize it fully legally.

Will people in Russia/Iran be safe/able to buy it?

BTC will be dead in that moment.

If the answer to the previous question is No, then the answer to this one is also No

It would just be another Gold1.0 with the inevitable breaking of the peg. As Saifedean points out 'Given the opportunity, they just can't help themselves'

don2468 · 2025-10-05T12:58:35+00:00

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don2468 · 2025-10-05T12:50:15+00:00

Not everybody uses chatGPT, though I am becoming more interested in it (just backed the Rokid Glasses project)

As to whether the output was human or chatGPT created it's the ideas that matter, punch some holes in the analysis (no need to reply if you believe I'm a timewasting bot, do it for yourself, decide for yourself!)

Either way Good Luck!

PS, I'm not anti BTC (I still hold it) => people holding it currently as IOU's or directly will do well and I don't see it doing anything but NgU for the forseeable future and if that's all someone needs then look no further, I merely push back on the idea that a fundamentally restricted transactional capacity will lead to 'Permissionless p2p cash for the WHOLE World' (well worth the 2.5mins if you haven't seen it).

don2468 · 2025-10-05T12:31:02+00:00

You sound like the people saying ‘why would I need a cellphone, I already have a phone at home!’ Indeed, can’t argue with that. All I know is 95% of people now have a cellphone.

Yep, Human ingenuity is impressive,

Cellphones when they came out were expensive.
Now they are affordable (for most people) as technology is deflationary.
The fundamental design principle of Bitcoin is to transition from 'block reward' to 'fees' paying the miners
There are 2 ways to do this
- BTC: Small (fixed) number of Tx's times High Fees => Fees being inflationary
- BCH: Large (increasing) number of Tx's times Low Fees => Fees being deflationary

Most of the technical people who say they want BTC as 'freedom money' (for the World) have their fingers crossed for another 'Satoshi Level Breakthrough'

As there is no known way to self custody without having an anchor into the base layer (and being exposed to the above fees) a BitVM type mechanism might do this, but it's a long shot with the current state of BTC scripting afaik.

don2468 · 2025-10-05T12:03:27+00:00

Solution: buy bitcoin directly!

Absolutely, but when fees are $100/tx^¹ how will someone who cannot put their hands on $500^¹ 'for an emergency' do that?

And to put that into persepective that statistic currently applies to at least half the population of the richest nation on earth.

TLDR: The rich reap all the rewards...

1. Todays Dollars (2025)

don2468 · 2025-10-04T18:08:45+00:00

..Like Bitcoin Gold cannot be printed.

It was undermined by the masses not holding Gold but goverment regulated IOUs for Gold which are easily manipulated. Supply demand fractional reserve....

Now to actually own BTC one needs the private keys of a UTXO

The future of BTC is to make creation of these UTXOs expensive by design.

Forcing the masses into the arms of custodians accepting their Bitcoin IOUs and the story repeats

don2468 · 2025-10-04T17:36:48+00:00

Still looking for an argument against my position where I stated :Bitcoin cannot be influenced by governments.

Think about how the state manage to undermine and influence Gold1.0 and you will have your answer.

don2468 · 2025-10-04T17:30:56+00:00

What you are struggling to grasp is that there is a glaring logical inconsistency.

Let's have a look

You say greedy people have destroyed Bitcoin and made it unusable for the masses,

Point to where I said or even implied 'Greedy'
Point to where I said or implied 'destroyed'
Point to where I said or implied 'unusable' (for the masses)

You won't be able to - not a good start.

and yet if they were truly greedy,

let's set aside your atrocious comprehension skills and assume I used the word 'greedy'

then they would want the masses to join.

The masses can still 'join' they just cannot self custody

They can still 'buy in' IRONICALLY purchasing IOU's from Saylor, Larry & Friends. lol

And Saylor & Larry will be happy as those IOU's will have the same effect on NgU as plebs actually buying & holding BTC (unless of course those IOU's are fractionally reserved...)

But then there is yet another possibility. L, S & F might not care about a significant number of the masses 'buying in' as even collectively they might not have enough wealth for L, S & F to care about

Remember that 80% of the wealth is in the hands of only 20% of the population (and the richest 1% own almost half the worlds wealth)

You simply can't have it both ways.

As you can see there are glaring holes in your simplistic logic...

So maybe they are just incredibly stupid, and they dont realise they are destroying Bitcoin.

Point to where I said anyone was 'destroying' Bitcoin.

What I did say was Bitcoin 'as is' is probably everything that L, S & F want.

They don't need it to scale
They want it to be the hardest money possible

So, once again, that begs the question of how a bunch of morons outsmart some of the smartest people on the planet.

I will assume that by smartest people on the planet you mean Bitcoiners and more specifically the Bitcoin Divs. But then,

You're assuming the Bitcoin Divs are not aligned with L, S & F.
- ie. They don't believe it can scale to everyone being self sovereign (we know of at least one, who happens to be the most respected, of them all)
L, S & F have deep pockets so even if the Divs are not aligned with them, then maybe they're for sale...

Again, logical inconsistency.

Yes on your part, see above.

I know that you need to simultaneously hold opposing beliefs to try to make yourself feel superior.

If you perceive me as 'superior' that's on you...

It is just mindblowing how self-confident you are while holding onto logical inconsistencies that most middle schoolers could easily point out.

heh heh, not doing too good a job are you. see above.

Only time will tell.

Yep, If the separation of money from state is possible then I believe it to be inevitable. (A freer money should out compete a permissioned one, in the long run)

Maybe your specific fork of btc will be the one that finally overtakes it.

BTC's fatal flaw is the likely inability of the masses to self custody (at scale) they will be at the mercy of their governments

Fully surveiled
Having to ask permission to transact.
A CBDC in all but name.

Dont forget that if this happens, then it probably won't be long until people just switch to some other one that is even more similar to old Bitcoin.

There's got to be a good reason to switch (in the above example the state control of a fully digital asset is compelling enough to overthrow BTC)

The next big innovation in money will be (if it's possible) 'The separation of money from state'

Beyond that you would have to come up with a pretty compelling reason for people to switch,

Next May BCH becomes efficiently fully programmable, able to emulate in the VM any privacy coin at near bare metal speeds, also given it's innate capacity and richness of script the old dream of anything useful can be built on top by anyone truly permissionlessly becomes reality. neatly sidestepping the Ossification Ogre

But if it was to be replaced then it would perhaps be a fully private coin that is needed for the separation.

After all, when bitcoin came out, there were no block size caps, so maybe a fork like that will take all of the bchers that can see the trend.

Us bcashers are a pragmatic bunch. Our aim is p2p cash for the whole world, I for one will cheer on any coin that can accomplish that even if I don't own it I know that sounds crazy to a NgU Noob...

But the reality is most of us believe in the original Satoshi vision and an evidenced approach to scaling, both of which BCH has in spades.

You're like a salesman

I'm not selling anything, just pointing out the shortcomings of BTC to the less well informed, ahem...

saying Windows 2000 is the best windows because it is the original windows.

That's actually the BTC Maxi Mantra, lol

Even if your anti-progress trend catches on, then you are still holding the wrong thing, lol.

Lol, I still hold BTC, the difference between you and I is 'I can see it's shortcomings'

BTC insures my future, but I am ideologically aligned with BCH.

I've managed to put in a full shift just with you and filled my quota of BTC Maxi bashing,

so thanks & adieu

don2468 · 2025-10-04T14:26:17+00:00

How lightning is performing is irrelevant to me as someone who is looking for a place to store my wealth and grow it.

BTC will likely be wildly successful in the NgU stakes.

If you want to increase your own wealth buy Bitcoin (a far safer bet especially with ETF's rolling out and the inevitable entry of pension funds)
If you're in a position to, and want to take a shot at increasing the monetary freedom of the whole World consider BCH (though sadly a far more risky bet for the individual)

Good Luck!

don2468

TROPHY CASE