PSA: Bitcoin Has Been Hijacked

2019-06-05T20:50:15.000Z Honest Cash

In the summer of 2010, the legendary creator of the world's first blockchain shared his thoughts on its long-term scaling. In studying these early writings, it becomes clear that Bitcoin's founder favored a larger maximum block size. This vision has become realized in Bitcoin Cash.

Learn more in the video:

"It would be nice to keep the blk*.dat files small as long as we can. The eventual solution will be to not care how big it gets." -Satoshi Nakamoto

"Forgot to add the good part about micropayments. While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial." -Satoshi Nakamoto