/biz/ - Business & Finance

>>9653845
Solving scaling problems in production technology deployments is *all about* moving the ceilings back to the latest practical date at the lowest possible cost without compromising the value of the system. That you fail to understand the value of the system and think moving 99 percent plus of transaction volume off chain where it can't be easily seen and audited and is subject to whatever behind the scenes manipulations parties may subject it to doesn't mean those things aren't real risks. It just means you never actually understood bitcoin.
The fact of the matter is that it is both practical and desirable to have an on chain throughput level vastly superior to the artificial cap forced on bcore, and the only reason this hasn't been done is Maxwell's bloated ego, blockstream's business plan, and their investors salivating about taking control of this new market with the illusion of grass roots ground up support while they offload the festering toxic assets of the old economy onto idiot bagholders "chasin dat paper yo".
That is the real purpose the 1mb block limit serves.