How to Scale Bitcoin Without Changing a Thing [Parts 1-2]

How to Scale Bitcoin Without Changing a Thing [Parts 1-2]

“I believe that institutional scaling presents an under-appreciated scaling vector, and it is quite possible to employ it without significantly compromising Bitcoin’s assurances.”

Don’t miss today’s article, another fantastic read by Nic Carter (@nic__carter), on the Finneyan view of scaling Bitcoin for its highest value proposition; creating a settlement network with the potential of correcting our far-too-frequent problems of monetary inflation & systemic insolvency.  How to Scale Bitcoin (without changing a thing)

We will finish this up with Part 2 tomorrow, but in the mean time please drop some major applause on this work and share it with others who have yet to read Nic’s amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7

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Even with #Bitcoin, are we destined for a future with intermediated payments?  Will that give us a different color of the same system we’re stuck with today, or will Bitcoin still prove to be a revolution in financial trust?

Let’s dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter‘s “How to Scale Bitcoin (without changing a thing).

Another huge thank you to Nic for this work and sparking an important discussion! Drop some major applause on this work and share it with others who have yet to read Nic’s amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7

Become a supporter of this podcast:
https://anchor.fm/thecryptoconomy/support

Adversaries, Distributed Ledgers, and Decentralization

“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to a large number of nodes/transactions.” – @SarahJamieLewis

Check out her article and other work at:
https://fieldnotes.resistant.tech/dags-and-decentralization/

And don’t forget to follow her on Twitter @SarahJamieLewis

 

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7 Misunderstandings of Bitcoin’s Scaling Problem

7 Misunderstandings of Bitcoin’s Scaling Problem

I did, for quite some time, fail to see the real scaling hurdle that faces Bitcoin. It was all about the blocksize and how many transactions we could get on-chain. Blocksize just jumps out at you, before anything else, as the obvious and most direct corollary to how much we can accomplish with the blockchain. So how could someone argue….

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