Given the events, the best thing would have been to keep Bitcoin without SegWit or Taproot and reduce the block size to 300KB.
Scalability would be achieved with algorithmic banks such as Liquid.
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It is interesting to consider such alternatives for scaling. However, the community’s evolution through SegWit and Taproot reflects a commitment to enhancing Bitcoin’s on-chain capacity and its foundational decentralisation, which remains paramount.
you never know in advance. could had been worse though with unlimited block sizes. anyway, the ultimate threat to bitcoin is not technology, but the willingness of bitcoiners to comply with governments. no technology can fix this
Why do I say that Liquid is an algorithmic bank? Because its rules are written in code, just like Bitcoin, and are safeguarded and protected by a federation.
When you join Liquid, you know the rules, and they are difficult to change because many members of the federation would have to conspire with each other.
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