Microsoft: “Some blockchain communities increased on-chain tx capacity (blocksize increases), this approach generally degrades the decentralized state & cannot reach the millions… we’re collaborating on decentralized Layer 2 protocols that run atop ‘BTC’ blockchain to achieve global scale”

Microsoft: "Some blockchain communities increased on-chain tx capacity (blocksize increases), this approach generally degrades the decentralized state & cannot reach the millions... we're collaborating on decentralized Layer 2 protocols that run atop 'BTC' blockchain to achieve global scale" submitted by /u/antonesamy
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Bitcoin – The Currency of the Internet

“Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient.” -Hal Finney, Dec 2010

R.I.P. my Satoshi Nakamoto.

submitted by /u/slacker-77
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Bitcoin – The Currency of the Internet

Coinbase, the reason Segwit wasn’t a “Top 5” feature request was because no one could have imagined you were stupid enough NOT to work on it. YOU were the ones crying about high fees and transaction limits, and given the tools to scale you’ve done jackshit

submitted by /u/mhonkasalo
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Bitcoin – The Currency of the Internet

Some countries are opening doors to adopt cryptocurrencies in a larger scale (deepd.tw)

Different countries around the world are facilitating the use of cryptocurrencies for monetary operations.
Estonia
Estonia, known already for being a technologically leading country, deeply analyzed and proposed, is set to issue a new legal cryptocurrency, named Estocoin, that would be recognized as a legal currency. Kaspar Korjus, Managing Director at e-Residency, posted in a…

Bitcoin

Blocksize would need to become 555 MB in size for bitcoin to scale to VISA levels. +80 GB blocksize, EVERY DAY. This is why we have segwit and 2nd layer, and why BCH is doomed to fail.

This is what "big blocks introduce centralization" mean. When we scale to VISA levels, blockchain would grow 78 TB/Year. Not even mentioning what kind of hardware (besides storage) will be needed to confirm all those transactions. BCH developers couldn't see 2 weeks into the future when they coded in EDA. No suprise they are failing to see couple years in. All miners want is $ $ $ from transactions, not eventual world domination of bitcoin. UASF was a great success, thank you all for making it happen!
Edit: Someone provided better data that shows VISA processed 141 billion tx in 2016. That is 4471 tx/sec! We would need 1.49 GB blocksize to process this, and it would grow blockchain by 214 GB every day, and 78 TB every year!

submitted by /u/Markers34
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Bitcoin