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RE: LeoThread 2024-11-23 13:58

in LeoFinance9 hours ago

Part 5/9:

As Bitcoin's popularity grew, so did its capacity constraints, leading to heated debates over block size limits. The introduction of the 1 MB limit by core developers engendered a schism between “big blockers”—who advocate for larger transaction capacities—versus “small blockers”—who argue this dilution threatens Bitcoin's decentralization. This conflict perpetuated a cycle of increased transaction fees and slower processing times, calling into question Bitcoin's potential as a mass-market digital cash system.

The advent of off-chain transactions, a solution that many developers proposed, starkly contradicted Satoshi's vision of facilitating small casual transactions directly on the blockchain, further muddying the waters regarding Bitcoin's true purpose.

The Rise of Corporate Influence