Damus

Recent Notes

HODL · 1w
Everyone has their own take on the block size war. I was there. Watching as a noob. My take has always been that this was at its core a philosophical fight. Yes there was skullduggery and subterfuge...
Stjepan profile picture
I'm in Bitcoin since end of 2013 and i did not see it like that. Only parameter i saw them fight over was decentralization. Will it stay decentralized or will it become centralized and governed by basically few people / organizations over long time.

Medium of exchange, store of value, none of those were important. Small blockers winning did not change anything in that regard. Big blockers win would not change nothing in that regard. Instead of LN we would have on chain transactions and stuff like that, but as far as medium of exchange or store of value go, nothing did change or would change except decentralization.

At lease that's my perception of it now when enough time passed by.

But you are right that it's discovering what Bitcoin actually is. That's how things are defined in decentralized systems. Multiple parties offer their interpretation and ideas which than get in fight each other and one with most support wins defining what that system is at that point of time. Maybe more accurate would be to call it "way how Bitcoin develops over time" because whatever it is now, it's not same as when block size war was happening and it wont stay this way in the future (and i don't say that with any negative conotation....if you do not develop and adopt, you die, that's how nature works form everyone......except tardigrades i guess....

Anyway, when i see how big block forks ended, when i see other big and fast block networks and problems that happen on them and when i see how many confirmations are required on them (some have fast big blocks, but receiver requires 200 confirmations) i am glad that we chose what we chose. Big blocks would not be free and i was not ready to pay the price.

It's not like i will die on that hill, it's not like i won't never ever accept blocks being expanded, but i will be on careful side if we ever get to that. I'd never go even close to what big and fast block networks have. We have practical knowledge now about what happens in those networks so we do not have to guess what would happen if we did it.
Comte de Sats Germain · 1w
The smart move in the future will be to return to small blocks. Small blocks encourage miner decentralization. Bitcoin's current big blocks are useful only for keeping transactions fairly fast - yes, 10 min + 2 confirmation is fast for a base layer, very fast. But now we have lightning, and I don't ...
FLASH · 3w
⚡💬 READ - I would like to clarify a few things. You cannot blame me for the news. I report the news, I don't make it. ➥ Example today: Some people ask me for different perspectives, as if I w...
Stjepan profile picture
If you want to help yourself and be more useful as news source, do not preset "opinions". Present facts. MSM turned into shit exactly because they stopped giving news and started giving opinions.
To you or anyone willing to be news source, give us data, let us form our own opinions.
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Ben Justman🍷 · 4w
Ripped that fire a little too hot 😅 https://blossom.primal.net/7d13b473f3a04affd5f2be4ea687dc57397ca77b017de1a0030eba6a05739cf2.jpg
Stjepan profile picture
Almost burned my weekend house down like that when i was young. Wooden house, full oak wood, with setup similar to this. Chimney was not going straight up but bit up and than into the wall (and that short length was almost our downfall) and than up on another side. It was in the middle of the winter, snow falling outside, and we came there after night out and no one was in for more than a month so inside was very cold too. We fired it up, filled it up with wood and fell asleep.
Close to morning my friend woke me up coughing (it was lucky for us that he was breathing trough his mouth and not nose so smoke irritated his throat).
Long story short, chimney got so hot that it heated up wooden wall around it so hard that wood turned into....don't know....like red hot coal. Luck was that we had plaster on the walls which prevented oxygen coming inside the wall so no open fire started. That wall was like red hot coal which released ton of smoke. We ran out, called firefighters who lucky for us came fast, prepared whole thing, broke of plaster from one side of the wall and sprayed it with foam never letting open fire ignite so house was saved and basically nothing major happened. Whole house was full of smoke, some things were destroyed and wall had to be rebuilt.
Looks as cool as hell but it can be dangerous if not properly build like in our case.
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