Conversation

@realcaseyrollins@social.teci.world
That's something the free market actually can fix reasonably well.
But that's irrelevant if nobody can actually use it.

The big blockers were right that on-chain capacity matters, we've had basically 8 years of LARPing layer 2 nonsense. The problem is that the small blockers were absolutely correct that filling up the blockchain with small transactions is a waste of everyone's time/energy/storage/compute/etc.

It was never about spam, it's about the fact that a distributed ledger is the wrong tool for peer-to-peer digital cash, but to be fair to Satoshi, Bitcoin was actually about solving the problems with existing digital cash methods, and it's not reasonable to expect every potentiality to be foreseen. We ran it to it's useful limits, but now we have to search for answers elsewhere.

Spritely despite having no interest in making currencies, might actually yield more fruit in that direction. I was fascinated when @leo@social.synergetic-design.com introduced me to the G1, which might run better through on that system than over a blockchain.

Food for thought.