99.999% of L2 solutions are garbage ideas. they are not unique ideas. they are what comes to your mind first. they didn't sit and think about it for longer than a day or week. they don't understand bitcoin, they don't understand anything, they are not even that good at what they do. and try to change what reality of bitcoin is in order to support their shitty ideas that has nothing to do with decentralization. they just like to call themselves "engineer" or "technical" while they can't do or understand shit. they are just predicting to be smart midwits. and they are in bitcoin core as well. View quoted note →

another amazing video by @Matthew Kratter

GM

i have this crazy idea of running bitaxe or similar device, using duracell batteries. hopefully not melting the batteries.

GN

talked too much

bitcoin doesn't live in the ether or the cloud. there is no one bitcoin. you pc running a bitcoin node is the bitcoin. we have multiple bitcoin instances everywhere. bitcoin is the node you run. bitcoin is the node i run. bitcoin is the nodes we all run. they are all bitcoin, individually. that's what "decentralized" is in the context of bitcoin. running your own node is one of the MOST important thing about bitcoin. without it, bitcoin is not longer decentralized. everything in the genesis of bitcoin designed to keep it as easy as to run. yes we need to have a timechain, so we can prevent double spending, keep track of the utxos we might receive one day. make sure they are not spent. keep track of our lightning channels. its a necessary compromise. we limited the block size, we slowed down the block time to 10 mins. so it doesnt become a big burden. people sacrifice their storage space, so they can prevent double spending. anything more is a burden, unnecessary burden. so its not surprising people want less of the burden on their ledger. and its their ledger. its not one ledger. bitcoin is not a democracy. everyone has their own ledger and if you dont have the utxo on my ledger then your utxo is not valid. idk man, i talk too much.

i tried to simplify the point to the ogaa bogaa language. because people talk too much, lose the context too much. forget the underlying. bitcoin is not bitcoin without you running your own node. decentralized in bitcoin means, everyone has their own bitcoin state on their machines. if you are not using your own node, you are not a bitcoin user. you are a trusted bitcoin paper user. trusting others. running a node already a huge burden. (not easy as installing an app on your phone). you need to plan for storage space, bandwidth. even after having a node, its not useful if you dont install and build some other things around it. yes you can buy a mini home server hardware for it like start9, but buying a device just for bitcoin is still a big barrier. the total discoverable node count shows that. so making running a node even by 1% harder over and over again is a bad idea. making it easier? now that's amazing. View quoted note →

many miss the reason why bitcoin is decentralized. its the reason you can still run your own node, how bitcoin is meant to be used. you cant run a node, if chain is growing too fast you cant keep track of it as an individual. View quoted note →

seeds

an L2 shouldn't have a global state.

if your bitcoin L2 solution requires me to download more data from another chain to verify its state. its not a decentralized scaling solution. if your L2 solution fills the block space and blocks competition, its not a decentralized scaling solution.

🤣

do you verify or trust? there's two roads, make verification easier for people, sacrifice everything for it, or sacrifice ease of verification for "cool features" View quoted note →

don't forget you can run bip110 with core or knots

i work on a bitcoin project i really wanna talk about. but im not gonna talk about it before i have some results, and have something visible. its gonna be a gateway to many other things.

notice, he keeps saying "cool features" without mentioning nodes, performance, and decentralization. View quoted note →