Running A Full Node - Bitcoin
Running A Full Node - Bitcoin
Feb 23, 2015
bitcoin.org
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In the middle of a Knots-vs-Core debate on Tone Vays’ show, a Bitcoin protocol dev straight-up punched himself in the face after he admits @Truthcoin has been right all along about L2 fees.Rearden acknowledges the core Drivechain argument: if L2s (Lightning, Ark, BitVM, etc.) get too efficient at keeping transactions off-chain, they could suck all the real economic demand out of Bitcoin’s block space. That leaves mostly empty blocks in 5–10 years, kills the fee market, and collapses the security
2:36
In the middle of a Knots-vs-Core debate on Tone Vays’ show, a Bitcoin protocol dev straight-up punched himself in the face after he admits @Truthcoin has been right all along about L2 fees.Rearden acknowledges the core Drivechain argument: if L2s (Lightning, Ark, BitVM, etc.) get too efficient at keeping transactions off-chain, they could suck all the real economic demand out of Bitcoin’s block space. That leaves mostly empty blocks in 5–10 years, kills the fee market, and collapses the security
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