Block size is not part of the protocol.
If 51% of the network started mining petabyte blocks tomorrow, then that will be the new norm. They don’t need to talk to other nodes. If other nodes can’t keep up, so what?
Bitcoin is not a community project. It is a project based on a set protocol that communities can form around. This is an important distinction to understand. Like TCP, the bitcoin protocol is set. That is the nature of a protocol. If you are constantly changing something that is not an effective protocol.
Despite all of the arguments about how you need to change things and that the Internet is dynamic, TCP and UDP have not changed in 40 years. That is a protocol.
But yes, I've been saying the same thing. I have also tried to give people leeway to much. I keep hearing about community and how people need to be involved but the reality is that that's not the case.
People need to be able to build on top of Bitcoin.
For that, they need to know that the protocol will both scale and be fixed for at least the next 200 years
by 200 years am not kidding
that is the minimum time that it needs to be fixed
consequently, though I have said these things many times I'm going to have to make sure that it is more than understood and get rid of any dissension
the protocol is fixed and I've explained that this means that any transaction you make today will work 100 years from now without alteration and that you can sign anything that you can possibly ever think of or do any other form of transaction puzzle that is unimaginable and if you can have at work today, it will work in 100 years from now without any change
next, nodes are defined in my white paper
that white paper is authoritative
if you don't agree, don't work on bitcoin
I hope people work on bitcoin, but honestly I'm not interested in protocol developers. Bitcoin has a protocol. That protocol doesn't need to be changed and even if it did it's not going to
need people who will develop simplified Apis and methods to access the network
and then we need people who will develop applications
those people should not care or at least should not need to care that it is bitcoin and as I've said many times it should be treated as plumbing
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
If 51% of the network started mining petabyte blocks tomorrow, then that will be the new norm. They don’t need to talk to other nodes. If other nodes can’t keep up, so what?
Bitcoin is not a community project. It is a project based on a set protocol that communities can form around. This is an important distinction to understand. Like TCP, the bitcoin protocol is set. That is the nature of a protocol. If you are constantly changing something that is not an effective protocol.
Despite all of the arguments about how you need to change things and that the Internet is dynamic, TCP and UDP have not changed in 40 years. That is a protocol.
But yes, I've been saying the same thing. I have also tried to give people leeway to much. I keep hearing about community and how people need to be involved but the reality is that that's not the case.
People need to be able to build on top of Bitcoin.
For that, they need to know that the protocol will both scale and be fixed for at least the next 200 years
by 200 years am not kidding
that is the minimum time that it needs to be fixed
consequently, though I have said these things many times I'm going to have to make sure that it is more than understood and get rid of any dissension
the protocol is fixed and I've explained that this means that any transaction you make today will work 100 years from now without alteration and that you can sign anything that you can possibly ever think of or do any other form of transaction puzzle that is unimaginable and if you can have at work today, it will work in 100 years from now without any change
next, nodes are defined in my white paper
that white paper is authoritative
if you don't agree, don't work on bitcoin
I hope people work on bitcoin, but honestly I'm not interested in protocol developers. Bitcoin has a protocol. That protocol doesn't need to be changed and even if it did it's not going to
need people who will develop simplified Apis and methods to access the network
and then we need people who will develop applications
those people should not care or at least should not need to care that it is bitcoin and as I've said many times it should be treated as plumbing
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
What I will state very simply and make sure that people understand is that bitcoin is a legal contract system. There is a unilateral contract that pays miners. Those miners or nodes are paid money to conduct a service. If they don’t do the service, if they attempt to change the protocol or operate outside of the legal boundaries or think that they can do things that are not within the protocol, they are liable for any damages in contract and tort.
Double spend protection is not technical. Like most aspects of Bitcoin, it is a technical constraint linked to an economic condition. In this, if a node, any node does not relay a single transaction and this ends in a double spend, that node is 100% liable for the direct loss and ALL costs. Without execption.
If a 100 millin USD transaction is made with ZERO fees and your node does not relay it, and ANY node connected to you fails to get this and sees a double spend, your node is liable for the loss. The recipient of the double spend and come to you and you will need to pay.
That is how relay fees work
If you have one, you have a HUGE liability
UNLIMITED
Liability
to save SMALL amounts of money
Basically, the entire concept of a relay fee is a stupid idea
And, any miner not forwarding EVERY TX is a dumb fuck who wants to be put out of business.
You do not need to mine a zero fee tx... YOU DO NEED TO FORWARD it as a miner
Not mining and puttin git in a block is separate to not forwarding
Nodes Relay
They are Paid for this - they have a subsidy
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
Double spend protection is not technical. Like most aspects of Bitcoin, it is a technical constraint linked to an economic condition. In this, if a node, any node does not relay a single transaction and this ends in a double spend, that node is 100% liable for the direct loss and ALL costs. Without execption.
If a 100 millin USD transaction is made with ZERO fees and your node does not relay it, and ANY node connected to you fails to get this and sees a double spend, your node is liable for the loss. The recipient of the double spend and come to you and you will need to pay.
That is how relay fees work
If you have one, you have a HUGE liability
UNLIMITED
Liability
to save SMALL amounts of money
Basically, the entire concept of a relay fee is a stupid idea
And, any miner not forwarding EVERY TX is a dumb fuck who wants to be put out of business.
You do not need to mine a zero fee tx... YOU DO NEED TO FORWARD it as a miner
Not mining and puttin git in a block is separate to not forwarding
Nodes Relay
They are Paid for this - they have a subsidy
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
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CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
There are 625,000,000 Sat in Subsidies.
That means, I am not paying miners to mine, I am SUBSIDISING Transactions.
That is a payment to nodes to accept zero fee or LOW fee TXs. It is NOT a payment to do nothing.
At 100 sat a TX, 6.25 Bitcoin a block is a PAYMENT for services, to have nodes include 6.25 million FREE TXs or 12.5 million TX at 50 SATS
If you are a miner, a node and you are taking the subsidy and you are NOT including a LOW of TXs, you are technically in a breach of contract.
Even at 500 SAT a tx, that means a lot of TXs need to be in a block FOR NOTHING
I do not think it should be NOTHING, I think it should be a lot lower
By lower, WAY WAY lower
A miner should be building knowing that fees will drop to 10 sat or lower.
And soon
By soon, 2 years
Or they should decide to forgoe the subsidy...
2140
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
That means, I am not paying miners to mine, I am SUBSIDISING Transactions.
That is a payment to nodes to accept zero fee or LOW fee TXs. It is NOT a payment to do nothing.
At 100 sat a TX, 6.25 Bitcoin a block is a PAYMENT for services, to have nodes include 6.25 million FREE TXs or 12.5 million TX at 50 SATS
If you are a miner, a node and you are taking the subsidy and you are NOT including a LOW of TXs, you are technically in a breach of contract.
Even at 500 SAT a tx, that means a lot of TXs need to be in a block FOR NOTHING
I do not think it should be NOTHING, I think it should be a lot lower
By lower, WAY WAY lower
A miner should be building knowing that fees will drop to 10 sat or lower.
And soon
By soon, 2 years
Or they should decide to forgoe the subsidy...
2140
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
1 year target
1 million TPS
2 year target
25 million TPS
3 year target
500 million TPS
4 year target
5 billion TPS
5 years....
Not 50k
Fees...
Less
Every year
500 sat, meh
100... shit, but next step
50... better
10 Sat.... close
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645649634252519?thread_ts=1645649634.252519&cid=C5131HKFX
https://t.me/CSW_Slack/4068
1 million TPS
2 year target
25 million TPS
3 year target
500 million TPS
4 year target
5 billion TPS
5 years....
Not 50k
Fees...
Less
Every year
500 sat, meh
100... shit, but next step
50... better
10 Sat.... close
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645649634252519?thread_ts=1645649634.252519&cid=C5131HKFX
https://t.me/CSW_Slack/4068
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645649634252519?thread_ts=1645649634.252519&cid=C5131HKFX
https://t.me/CSW_Slack/4068
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645649634252519?thread_ts=1645649634.252519&cid=C5131HKFX
https://t.me/CSW_Slack/4068
👍1
BTC mining income at peak per block was 320,000 USD.
At scale... BSV on what I pledge is...
6 million USD a block
No. Not pumping price
This works at USD $1 a coin
Game over
Not selling it to speculators
To those serious and seeking to build
If, and I mean IF, you create a TX today and in a decade it fails because of a protocol change...
Hold me liable.
I will not fight it
Bitcoin is set in STONE
CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX
https://t.me/CSW_Slack/4073
At scale... BSV on what I pledge is...
6 million USD a block
No. Not pumping price
This works at USD $1 a coin
Game over
Not selling it to speculators
To those serious and seeking to build
If, and I mean IF, you create a TX today and in a decade it fails because of a protocol change...
Hold me liable.
I will not fight it
Bitcoin is set in STONE
CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX
https://t.me/CSW_Slack/4073
Telegram
CSW - Slack Channel
CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX
https://t.me/CSW_Slack/4073
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX
https://t.me/CSW_Slack/4073
👍1