Bitcoin Blocksize Wars: Who won? | Nic Carter and Lex Fridman

[@joeytbonejoeytbone]

I'd love to see a debate between Nic Carter and Roger Ver

[@lukitas207]

Please tell me where in the white paper it says there has to be a 1 MB limit

[@Darcsied27]

Thats really not the question. The question is did Satoshi want bitcoin to be centralized or decentralized.

[@mandelabitcoin9861]

@@Darcsied27 No. Satoshi wanted big blocks

[@Darcsied27]

@@mandelabitcoin9861 so you’re saying Satoshi wanted bitcoin to be centralized and out of the hands of the ordinary person. Ok

[@mandelabitcoin9861]

@@Darcsied27 Small blocks do not mean "decentralized". Study Satoshis posts. Bitcoin only works with big blocks, it is made that way. "The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate." - Satoshi Nakamoto

[@Darcsied27]

@@mandelabitcoin9861 The bigger the block size the more computational power is required. Which all leads to centralization. At the end of the day I could care less. Why, because both ideas are now in the free market. So its all irrelevant really.

[@Topsquadjapan]

Avg people should not be running full nodes. To claim you are in favor of small blocks due to decentralization is total horse-shit as the lightning network totally disrupts any notion of decentralization. Bitcoin cash will have the final word. This isn't over.

[@andrew69novak]

I have been charged up to 120% to send BTC. The value of that is 💩 Great way to ruin a good idea...

[@ianscreamsvideo]

It’s like they are speaking Thai. And you understand they’re talking about food and the food looks delicious. But theyre still speaking thai

[@robinradema1]

Sawa Dee Kap

[@forceFED-zg9bu]

Pretty simple, they are talking about a centrally controlled/decided limit on demand. The miners themselves are the ones in position to determine what the blocksize should be, based on supply and demand. The current system assumes a group of centralized developers know best.

[@vikramrihal]

The nature of bitcoin is decentralised because of its peer to peer aspect, not how many nodes are one the network. Bitcoin could do ip to ip transactions in the early days and with IPv6 that was always possible. Lex doesn’t understand even what SPV is and how hash functions work so the ability of bitcoin to scale was always intended. That’s why there is a merkle tree structure in the block building instead of indexing.

[@cryptoe3786]

o

[@rammachiraju]

This is exactly why bitcoin stays decentralized while alt coins cannot stay decentralized in the long run.

[@MyVideoGives20BTC]

from my KZbin.

[@MyVideoGives20BTC]

video

[@JILazarus]

What is the current blocksize of Bitcoin?

[@misterrane2156]

1MB

[@plasticman2011]

Up to 4 megabytes.

[@rammachiraju]

1 MB. That's how every common man can run a node and be a part of protecting the system. That's how it'll stay truly decentralized unlike other alt coins where it is getting more and more difficult and eventually impossible for a common man to run a full node.

[@Axel-vt8no]

@@rammachiraju Not decentralized when a development team controls what BTC is. BSV is original Bitcoin and the protocol is locked, so even Craig Wright cannot change BSV. Works great -- big blocks.

[@cameronnewberry5949]

@@Axel-vt8no BSV just got exploited into oblivion... I hope your convictions have changed over the past 3 months!

[@danmanr]

I'm on the hunt for all sides on this after listening to Hijacking Bitcoin. The book leaves me struggling with finding a side. This is a good opposing argument.

[@RyanGiffin]

Can you be a medium size blocker?

[@yes4motivation]

no

[@TimJSwan]

Can tell how obviously this guy cannot understand what an SPV node is. A wallet has the ability to check if a full node tries to make any invalid transaction. Bitcoin Satoshi Vision is not a fork. It's just the original protocol. That makes BTC into a fork even though it was the ticker symbol used at the beginning.

[@Topsquadjapan]

The limit of 1mb per block was set so the network couldn't be attacked in the beginning. It was supposed to be raised. Bitcoin Cash is will have the final word.

[@bryanshaffer2408]

Price doesn’t determine value

[@rammachiraju]

Hahaha. Define price then lol. Or open a book and read economics.

[@bryanshaffer2408]

Where do you think I got the saying from smart guy lmao

[@JeDxDeVu]

Price is what you pay value is what you get. If you pay someone 1000 dollars to do taxes and get 2000 black in taxes then the value is greater than the price. If the next year their fee goes up to 2500 dollars and you only get 2000 well it’s not worth it. Price doesn’t determine value.

[@yes4motivation]

the war is over, BTC has larger blocks aswell , b-cash lost and couldnt handle 2MB blocks without nodes tripping over eachother, the war is over

[@usercos187]

bitcoin cash works well. what are you talking about ?

[@moosesnWoop]

This guy is clueless.

[@dominvs935]

whats the benefit of a 'decentralized' network when its not even usable by regular folks?

[@viktormihok1863]

You are right, blocksize war is over, Blockstream won, regular guy lost.

[@plasticman2011]

I'm a regular guy and I ran my UASF node to protect against the corporate takeover of the big blockers.

[@forceFED-zg9bu]

@@plasticman2011 lmfao the only corporate party was the one selling hats and promoting UASF. Your node does nothing unless you can mine a block and extend the ledger. . .

[@rammachiraju]

@@forceFED-zg9bu It's fundamentally the other way around. If you can't understand that, you don't understand basics and it's a waste of time to argue.

[@juliansoto2651]

Big blockers must be either trolls or feds. It's impossible that some can be so unintentionally ignorant. Big blocks were literally promoted by the big guys.

[@moosesnWoop]

@@juliansoto2651 enjoy your trusted third parties

[@_mew]

Thank u based god

[@Happy-go-luckyTV]

People are overthinking the "Bitcoin Scalability" problem. Crypto mass adoption is simply going to follow the same course as gold with traditional finance. Throughput with gold was limiting. Throughput with Bitcoin is limiting. So people are going to adopt higher throughput with tradeoff to decentralization. Markets oscillate. Fiat currencies are on their slow death to zero. Bitcoin is moving society back to the gold standard as fiat currency goes to zero. Then the world will be back to the gold standard/bitcoin standard for a time, and then new crypto fiat will emerge to try to combat deflation that will happen and the market continues oscillating back and forth. Throughout history governments have debased their currency. This debasing allows opportunists to capitalize on the arbitrage. The whole crypto market is simply a slow revert back to sound money, with Bitcoin being the foundation to convert physical work into truly sound digital economic energy.

[@robganon]

Giggabyte blocks are successfully being done right now with Bitcoin SV. Terabyte sizes blocks next year. When are you going to interview a big blocker like Craig S Wright? Are you not interviewing big blockers because you are a small blocker? Looking forward to seeing what happens soon in court.

[@DiiceForeveroO]

lol, the market already decided BTC SV is worthless. Looks like BTC SV cannot handle to run without the government. Pathetic

[@forceFED-zg9bu]

@@DiiceForeveroO Just like the market in 1998 Predicted yahoo as the winner of the dot com bubble. Honestly this talk was an embarrassment of discussion about the properties of a decentralized PoW ledger. I can't blame the interviewee, as he does not understand the fundamentals of a PoW blockchain. They will only become relevant as the block reward subsidy declines. Anyone who understands basic economics knows this fact.

[@Lewythefly]

@@DiiceForeveroO there are meme coins that have larger market caps than genuine layer 1 blockchains like Polkadot or Solana so that theory doesn't count. BTC is used by the rich to get richer on the trading market, not because its the best blockchain. What utility is BTC offering?

[@Axel-vt8no]

@@DiiceForeveroO Oh the market decided huh? I didn't realize BSV was dead with no transactions taking place. Because it's not. Economically it's thriving, and the price hasn't caught up, because the market has yet to realize. It will (probably this year).

[@adrianlekay7715]

@@Lewythefly That it won't be inflated. That it can't be confiscated...there are more but those are huge

[@cecilechau7932]

Block size, hard fork vs soft fork;

[@VanquishAudio]

This is very triggering. Satoshi installed a TEMPORARY limit. Blockstream hijacked the core GitHub repo and kept it to profit on their lightning network trash. They also stripped the code base of tons of the original code they considered useless to them. BSV is the real bitcoin.

[@fouadabboud5650]

I would like to learn more, why not Bitcoin Cash is the real Bitcoin, what is the argument for BSV?

[@plasticman2011]

@@fouadabboud5650 there isn't one, both bitcoincash and BSV are both altcoins. Go read the book Blocksize Wars to understand.

[@plasticman2011]

@@aureliusindomitus9235 bitcoincash doesn't have layer one security when it has only 1% of Bitcoin's mining power for security. Because of this, lightning is more secure.

[@user-tu2dr3ny6x]

Well it's easy to trigger liars and con artists lol. Satoshi never once made it clear that he's for OR against raising the block size limit. You don't have a quote here to prove me wrong because you know it doesn't exist. Discussing the potential problems of the 1 mb block size before they arise is very far from clearly stating that he wanted to raise the block size.

[@danielestefani2794]

According to your comment, you know nothing about Bitcoin history. As written before, you should learn a lot

[@rogelioquintero6777]

Por favor

[@anthonyrocha8075]

Big block energy

[@DeadSetOnDestruction]

My fav. backstreet boy xxx

[@above7833]

Ha ha ha…

[@safajinyo]

The Price of Bitcoin is high because it's been crippled to be a small block store of value (SoV), similar to digital gold. Banks print infinite money, Money loses value, people with money need to buy gold, land, stocks, or Bitcoin aka digital gold. Price of Bitcoin skyrockets not because its value skyrockets. But because fiat currency value plummets. CryptoCURRENCY is digital cash. Of course it's going to have a much lower price than Bitcoin. The purpose of Bitcoin vs BitcoinCash is apples to oranges. How do smart people fail to understand this? Bitcoin is a SoV investment. BitcoinCash is a currency meant to free the 99% from economic slavery of working their entire lives to earn fiat that loses value every day Banks print more fiat for bankers and corporations to own more assets and shares. Bitcoin is greed. BitcoinCash is Freedom.

[@BassMarineBeatz]

I don't agree. We just need currency backed by actually bitcoin which is a store of value ... How having a currency with no value behind can be beneficial?

[@et5222]

Would love to hear a full discussion on Bitcoin and it's future posssible drain on the world's energy supply......

[@CAKESLAPPA]

Cardano is endlessly more efficient than BTC.

[@SuperToughFish]

The entire Bitcoin network could be powered by 2 or 3 Canadian hydroelectric dams

[@DiiceForeveroO]

According to the bitcoin mining council for q4 2021, bitcoin miners representing 44% of the hash power showed that bitcoin only uses 0.14% of the worlds total energy produced and 0.44% of the worlds wasted energy. That seems pretty insignificant in terms of the energy used.

[@Lewythefly]

A few server farms are your concern? Lol

[@adrianlekay7715]

Produce more energy

[@doubledown_976]

Why can’t both exist? Let there be a digital gold network and a digital cash network and swap between the two.

[@summerbreeze5115]

You're a genius

[@danielrenner5632]

Cant wait for you to have Charles Hoskinson on.

[@danielrenner5632]

@@blurbslam Charles already confirmed Lex's invitation, will be in June. Charles will be on Rogan after that. Sorry, you must be holding Eth 😂

[@moosesnWoop]

who the fuck is nic carter lmfao

[@WindowWarriors246]

BTC sucks as a payment method compared to BCH. Fun fact

[@azdjedi]

As of today, for less than 0.5 BTC, ($14k) I can single handlely do a 51% attack on BCH from my mom's basement. BCH may be faster and cheaper, but it's nto reliable, so how is that better than BTC?

[@WindowWarriors246]

I'm not sure thats true if it was someone would have done it surely? It is also reliable so Im not sure what you mean by this? And you answered your own question its faster and cheaper thats why its better than BTC. I love the mums basement comment :) your not still living at home 😆@@azdjedi

[@above7833]

Ha ha ha…

[@TimJSwan]

@@azdjedi A 51% attack is just spamming, but not falsifying transactions. You actually have to deceive nodes which means you either cracked sha256 or elliptic curve. Siebel attacks won't even work on a heavily connected network with large data centers, but they will on a mesh. So, when BSV or BCH scale in value and their hashpower grows, it will actually be BTC which will be easily harassed.

[@ericlopez6866]

Zcash Lex. Talk to their team and Znarks cryptography.

[@joethompson9124]

Monero is superior.

[@above7833]

Is nic carter a shitcoiner… while @ the same time saying he is pro bitcoin ?

[@hasanatseeker30]

Here after saylors PB interview like if your in same boat

[@DB-gf5gu]

85 million daily transaction record, is held by BSV.

[@marioalvarez5288]

The ends have never justified the means for BTC. BTC's needless energy usage is the epitome of greed, not to mention the e-waste. We will never see a green BTC. It's a fantasy that Lex helps perpetuate. Please read more; this is immoral. You can do better

[@marioalvarez5288]

The miners will never give up because they have no incentive to. Individual BTC holders have no say in what direction the protocol goes. Give me centralization over this shit

[@plasticman2011]

@@marioalvarez5288 miners wanted larger blocksizes, but the users stopped them. The users are in charge of bitcoin, not miners. If you want a centralized system of control by whales who hold most of the coins, check out ethereum or cardano.

[@marioalvarez5288]

@@plasticman2011 users stopped them? what a joke. users have no power over the protocol

[@plasticman2011]

@@marioalvarez5288 the user activated soft fork (UASF) node users won the war against the miners and corporations who wanted bigger blocks. It's just the facts.

[@P1A2T34]

There are shit loads of wasteful activities that go on it this world. Bitcoin would be pretty far down that list. How about all that electricity being wasted by watching garbage TV that actually fs up people minds? Energy use that actually harms. How about the megatons of diesel burned mining gold just to be stacked in high security vaults and the cyanide dumped into rivers? Bitcoin is entertaining. Just like gaming consoles/PCs . The two use about the same amount of power globally. What’s the difference?

[@marioalvarez5288]

Two clowns 🤡🤡

[@v.zacarovitch928]

I hold large amounts of BTC, XRP and ETH so there is no favouritism. Now I am personally certain that XRP has the greatest potential for gains. But..... and only if there is a solution for the escrow to keep Ripple from dumping onto the market. As an investor I absolutely don’t trust CL & BG to represent investors interests.

[@summerbreeze5115]

XRP is crap

[@danebattaglia75]

Xrp lex