Do you know what the maximum number of transactions the Bitcoin blockchain can handle globally? 7 per second. Hahahah!! It's literally the most inefficient infrastructure imaginable and you're calling it "more efficient" -- no computer scientist will tell you blockchian is "more efficient" than a centralized database, we're deep in propaganda land here.
"Look at what zap is doing." Indeed, because it doesn't rely on an inefficient blockchain. In fact, it doesn't need an inefficient blockchain. I'm all for Cashu or Pear Credit payments, which use Lightning style p2p channels but without the grand unified centralized ledger logging your every transaction -- but only at 7 per second.
Lightning shows us how bloody inefficient blockchains are, and how much better and more efficient things can be without one. Pear Credit and Cashu are 100% feeless, too, since you don't need to maintain a unified global state for every copy of the centralized + distributed (not decentralized) database, like you do with Bitcoin.
I fat-fingered the Post button early. Was Saylor prophecying the price would be 32% lower than his average buy price in March 2023? Or was he prophecying $100k+ by now? Be honest.
Lysander Spooner /
npub1av…qmfgw
2023-03-09 23:23:41
in reply to nevent1q…e5hp
Author Public Key
npub1avmz5jk4c409lupvak5ra244m06w30s840kz2c2mkt37h0lhh4sskqmfgwPublished at
2023-03-09 23:23:41Event JSON
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"content": "Do you know what the maximum number of transactions the Bitcoin blockchain can handle globally? 7 per second. Hahahah!! It's literally the most inefficient infrastructure imaginable and you're calling it \"more efficient\" -- no computer scientist will tell you blockchian is \"more efficient\" than a centralized database, we're deep in propaganda land here.\n\n\"Look at what zap is doing.\" Indeed, because it doesn't rely on an inefficient blockchain. In fact, it doesn't need an inefficient blockchain. I'm all for Cashu or Pear Credit payments, which use Lightning style p2p channels but without the grand unified centralized ledger logging your every transaction -- but only at 7 per second.\n\nLightning shows us how bloody inefficient blockchains are, and how much better and more efficient things can be without one. Pear Credit and Cashu are 100% feeless, too, since you don't need to maintain a unified global state for every copy of the centralized + distributed (not decentralized) database, like you do with Bitcoin.\n\nI fat-fingered the Post button early. Was Saylor prophecying the price would be 32% lower than his average buy price in March 2023? Or was he prophecying $100k+ by now? Be honest.",
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