There is a battle going on between profit and The Prophet. Jonald Fyookball speaks on behalf of the creator:
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0
Satoshi Nakamoto was acting as an agent of god when he designed an impenetrable medium for transferring willpower. The bitcoin blockchain has been tested and hardened over the years thanks to the labors and efforts of many contributors.
If we compare bitcoin to a tree, then off-chain scaling would be an invasive species. Segwit is an attack, a foreign parasite looking to penetrate the blockchain and to siphon off power. Segwit is an exploit. Segwit is the birth of fiat, the beginning of a profitable enterprise. She only wants to sink her fangs into bitcoin for her own benefit, so that she can eventually grow larger and play god.
Satoshis publishings may not have been flawless in their minutiae, but the overall concepts that he relayed were perfect. Sometimes it's hard to see the bigger picture when you're living inside of the image. Off-chain scaling begins to blur the lines, it is a step back towards debt and loans and IOUs and manipulation and excuses.
There has, however, been an advantage to filling the blocks to capacity; it discourages excessive spamming of the network and unnecessary transactions. Small transaction fees can help keep the network healthy and prevent abuse, especially during bitcoins early years. And when it comes to very small transactions, confirmations are not as important, unconfirmed transactions are nearly instantaneous.
Miners are to the blockchain as opec was to the federal reserve. Oil cartels made trillions of dollars and ruled over their people with an iron fist. But no matter how hard they tried, they could never buy the banks. As long as bitcoin miners only want and love bitcoin, they will empower the blockchain. Let them have their profit. We have The Prophet. We have god. Let us not stray from satoshis vision.
“For I am the lord,” says god, “And I have spoken.”
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0
Satoshi Nakamoto was acting as an agent of god when he designed an impenetrable medium for transferring willpower. The bitcoin blockchain has been tested and hardened over the years thanks to the labors and efforts of many contributors.
If we compare bitcoin to a tree, then off-chain scaling would be an invasive species. Segwit is an attack, a foreign parasite looking to penetrate the blockchain and to siphon off power. Segwit is an exploit. Segwit is the birth of fiat, the beginning of a profitable enterprise. She only wants to sink her fangs into bitcoin for her own benefit, so that she can eventually grow larger and play god.
Satoshis publishings may not have been flawless in their minutiae, but the overall concepts that he relayed were perfect. Sometimes it's hard to see the bigger picture when you're living inside of the image. Off-chain scaling begins to blur the lines, it is a step back towards debt and loans and IOUs and manipulation and excuses.
There has, however, been an advantage to filling the blocks to capacity; it discourages excessive spamming of the network and unnecessary transactions. Small transaction fees can help keep the network healthy and prevent abuse, especially during bitcoins early years. And when it comes to very small transactions, confirmations are not as important, unconfirmed transactions are nearly instantaneous.
Miners are to the blockchain as opec was to the federal reserve. Oil cartels made trillions of dollars and ruled over their people with an iron fist. But no matter how hard they tried, they could never buy the banks. As long as bitcoin miners only want and love bitcoin, they will empower the blockchain. Let them have their profit. We have The Prophet. We have god. Let us not stray from satoshis vision.
“For I am the lord,” says god, “And I have spoken.”
You are the prophet of bitcoin and you are speaking in behalf of the god of bitcoin. I am not convince by that but anyway if we do not make a consensus and just let the current problems in bitcoin such as slow transactions exist in the network sooner or later it will destroy bitcoin. What we need are solutions to the current problems and the scaled segwit will help bitcoin to grow and be accepted by big companies worldwide.