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Comment by etr-strike

If proof of stake proves itself to actually work, Bitcoin will adopt it. Migrating a 200 billion dollar network to an untested PoW proposal would be irresponsible.

Arbitrarily increasing blocksize without addressing propagation delay and centralization impacts is also irresponsible.

Bitcoin has been tirelessly working on the scaling problem in a responsible way. SegWit will allow up to 12t/s. Mimble Wimble and Schnorr Signatures will further compress transaction size and increase t/s to roughly 20t/s. All this without increasing propagation delay (increasing blocksize).

Lightning network further reduces the number of onchain transactions necessary.

Rootstock adds ethereum compatible smart contracts to bitcoin as a side chain.

All these technologies responsibly scale Bitcoin. Your comment implies Bitcoin is stagnant which to me implies you don't know what you're talking about.

parent etr-strike 9 years ago

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