Damus
Artel 21 · 2d
You have the answer in your own words. Let me highlight it: * Satoshi set hard 1MB limit * Spam attacks were addresed * “Virtual” bytes is Fiat definition, in reality we only have bytes Returning...
Kyma Fi profile picture
… I didn’t say virtual bytes. It’s a virtual block size limit or vByte it’s a unit of measurement, not fiat lol. One vByte is equal to 4 weight units.

It’s part of the functionality that made lightning useful and allows bitcoin to be used as a medium of exchange on L2.

Satoshi’s limit of 1MB wasn’t a hard capped rule like the supply… it was a temporary solution to the spam problem to help keep the barrier to node entry low. It was obviously not a permanent monetary constant. Plus most blocks are around 1-2 mb anyway… Thats not inflation, it’s innovation confirmed through consensus.

Like I said before; Removing segwitt discount doesn’t address the spam problem cause it’s not the root cause of these current attacks. Removing the seg discount creates a worse problem… it ruins functionality of Lightning and use of bitocin as money.

2
Artel 21 · 1d
Sorry I misspoke about virtual block size. I doesn’t change what I meant. Can you tell what is 1 vbyte and 4 units in physics terms? I see them as human defined agreements. Bytes are defined by reality. Bitcoin is proof, virtual concepts is money printing. I understand how lightning works. Bitcoi...
Jack K · 1d
Assume the fee market clears at 1 sat/byte. Under Satoshi’s original protocol, purchasing an entire block required paying for every byte equally. 1,000,000 bytes x 1 sat/byte = 1,000,000 sats. Every permanently stored byte imposed the same economic cost because every permanently stored byte imp...