Shamson Mow
Aug 8, 2017 · 1 min read

It does scale.

SPV security can be done well with a probabilistic guarantee. 99.999~% is sufficient for most. No node, no GB of storage.

GB of storage is cheap though and that is overblown.

Malleability is a *feature*, and people can make non malleable tx by using CPFP. ECDSA is malleable, that is just how it works.

17.7% is weak, fearful scaling. 30,40,50% would be fine, this guy wants to let bitcoin wither.

If you don’t gut Zero conf, AND have cheap tx, you can have a system wherein merchants are incentivised to run nodes for accepting payments.

100,000 nodes sound ‘decentralized’? how about 17 million nodes?

Someone fire this guy, he’s way too damn conservative. Or, an alternative:

bitcoincash.org

Where we scale bitcoin how it was supposed to scale, and these guys can either sell or sit in the back seat and zip it.

Ideally, guys like this could learn about small world networks and possibly do something beneficial for the actual bitcoin network which scales, but I won’t be holding my breath.

    Shamson Mow

    Written by

    Core Segwit Decider