Fun fact 1: JayJuanGee keeps all his bitcoin as an entry on an exchange's database while droning on about censorship resistance and the magic nature of the 1MB limit. He doesn't run a node, never has. He's also immune to the irony of this situation.
Fun fact 2: Ethereum is secured by miners, a more decentralized group of miners than Bitcoin too. Changes can't be made to it unless miners agree and run the software that makes the change, same as BTC. Claiming otherwise is spreading FUCD (whatever the fuck that is).
Fun fact 3: When/if Blockstream is able to drive the majority of transactions off chain to LN type payment networks... the well funded and well connected will be running lightning hubs and siphoning fees away from miners, read: centralization and lack of funding for mining security.
1. you don't know shit about other peoples hodlings.Fun fact 2: Ethereum is secured by miners, a more decentralized group of miners than Bitcoin too. Changes can't be made to it unless miners agree and run the software that makes the change, same as BTC. Claiming otherwise is spreading FUCD (whatever the fuck that is).
Fun fact 3: When/if Blockstream is able to drive the majority of transactions off chain to LN type payment networks... the well funded and well connected will be running lightning hubs and siphoning fees away from miners, read: centralization and lack of funding for mining security.
If he has one redeeming quality... it's that he's honest enough that he won't deny it. He's admitted it before, and doesn't claim otherwise when I remind him. I would stop saying it if he would simply type that he runs a node and doesn't keep all his coins on exchanges.
2. Miners agree to any change Vitalik makes. Doesn't matter if it will end up breaking or making ethereum. Also rolling out huge changes to the protocol isn't something to be proud of. It shows the lack of immutability.
And currently... miners of BTC run whatever core puts out. Users run whatever is listed on bitcoin.org. If they run and activate segwit... we will see that Bitcoin is quite mutable. I guess you will be quite ashamed when the rewrite of Bitcoin that is segwit, activates.
3. How do we measure the level of centralization or decentralization in anything. If LN is going to be harmful for the scaling of bitcoin then people aren't going to use it.
I agree it's not a measurable variable, nor even really relevant when a small number of megawatt burning warehouses provide the "decentralized" security.
There's a reason Blockstream/Core wants to make on-chain transactions expensive and uncompetitive... they're going to be selling you the medicine for your "disease".
In their arrogance they discount/ignore the fact that there are competitors to the Bitcoin network that will be gleefully sweeping up the transactions and investment that won't fit in an artificially crippled Bitcoin.
Cheers
