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The Satoshi Nakamoto Bitcoin Blocksize Mystery

What had been Satoshis views on the blocksize of Bitcoin? Was he for or in opposition to larger blocks? The Bitcoin blocksize has been the one largest challenge going through the cryptocurrency because its launch. The debate has induced chain splits leading to two forks, Bitcoin Cash and Bitcoin SV which each make the most of larger blocks. Are they really following extra intently Satoshis imaginative and prescient in accordance with his personal phrases? Tune in to seek out out as we uncover the thriller of Satoshis Bitcoin blocksize thriller!

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? Time Stamps ?

00:08 Introduction

00:30 Bitcoin Scaling Is The Single Biggest Issue With Bitcoin

00:41 Bitcoin Isn’t Fulfilling The Vision Of Being Electronic Cash

01:21 Scaling Of Bitcoin’s Base Layer Comes Down To Blocksize & Blocksize Limit

01:45 Original Bitcoin Code Didn’t Have A Blocksize Limit

01:57 Satoshi Secretly Adds In 1mb Blocksize Limit

02:41 Why Was It Added?

03:03 Jeff Garzik Puts Forward A Patch To Increase Blocksize To 7mb

03:33 Why 7mb Blocks Was Rejected By Satoshi & The Community

04:08 Satoshi Says Larger Blocks Could Be Phased In When They Need It & Gives An Example Of How

04:44 Satoshi Envisions Large Blocks In 2008 Email

05:51 Satoshi Talks About Bigger Blocks Regarding Micro-Transaction Spam In The Bitcoin Network

07:22 Satoshi Left Without Explaining Their Views On Blocksize

07:41 Conclusion: Can Bitcoin Scale Without Bigger Blocks?

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The Satoshi Nakamoto Bitcoin Blocksize Mystery

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33 Comments

  1. ⏰ Time Stamps ⏰

    00:08 Introduction

    00:30 Bitcoin Scaling Is The Single Biggest Issue With Bitcoin

    00:41 Bitcoin Isn't Fulfilling The Vision Of Being Electronic Cash

    01:21 Scaling Of Bitcoin's Base Layer Comes Down To Blocksize & Blocksize Limit

    01:45 Original Bitcoin Code Didn't Have A Blocksize Limit

    01:57 Satoshi Secretly Adds In 1mb Blocksize Limit

    02:41 Why Was It Added?

    03:03 Jeff Garzik Puts Forward A Patch To Increase Blocksize To 7mb

    03:33 Why 7mb Blocks Was Rejected By Satoshi & The Community

    04:08 Satoshi Says Larger Blocks Could Be Phased In When They Need It & Gives An Example Of How

    04:44 Satoshi Envisions Large Blocks In 2008 Email

    05:51 Satoshi Talks About Bigger Blocks Regarding Micro-Transaction Spam In The Bitcoin Network

    07:22 Satoshi Left Without Explaining Their Views On Blocksize

    07:41 Conclusion: Can Bitcoin Scale Without Bigger Blocks?

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  2. Really ? I don’t think the block size is even a debate ? It was settled already. We don’t want to increase block size, we don’t need to. it will make it less decentralized. Need base layer secure. We don’t want it to become like an e-cash never did! Even tho satoshi tricked everyone still to this day by putting it in title of whitpaper and pretending like it was in the plans like you stated in the video. he was just playing dumb so it didn’t start a problem like it did. Nobody wants to pay for coffee with the greatest investment of all time.

  3. We are still to early to increase the block size even though Bitcoin has been around for 10+yrs. It needs to be a store of value first before it can be use as a payment system like the dollar. Eventually the block size will increase if bandwidth is unable to keep up

  4. Bitcoin SV = Satoshi Vision. The block size had been increasing gradually , to meet current technology and to protect the network . BSV is the real bitcoin.

  5. BS. The future of bitcoin scaling lies in the hands of Bitcoin SV. Just wait folks… by the way, BSV is pretty hammered right now at $140 PER COIN. Very, very undervalued.

  6. I honestly don't know why people this Satoshi Knew everything, and is totally without fault.. Do you really think the people that created the start of the internet, knew all the best moves to create the internet as we know it now???!
    Block sizes are being kept as small as possible to allow the widest potential for full nodes to be implemented. More full nodes, lower centralisation.. BSV will be corporate coin… as CSW has already mentioned he wants to work with Big Banks and corporations..

  7. When it comes to trading Bitcoin and other cryptocurrencies with Reed Peeters, the benefits are endless. He uses algorithms that analyze the markets and based on historical data and the existing market conditions, pinpointing lucrative trading opportunities in the markets. The best part of this is that you will never miss a trading opportunity, plus you do not need to sit in front of your computer for hours, watching for a trading option. Automated trading also removes all emotions from the trading process. I'll advise you reach out to him at [email protected]gmail.com to start making huge profits from trading Bitcoin.

  8. The address you have, in the description, for Bitcoin Cash donations seems to be invalid. It cannot be translated with https://cashaddr.bitcoincash.org/, for example. That would explain the lack of any donations. If you change the address, I suggest you take the chance to use the standard Bitcoin Cash format (like qr2z…), to avoid confusions. Keep up the good work.

  9. It needs to be increased and people who argue against that are either uneducated on the matter or simply morons.

  10. Bitcoin is a very lucrative and interesting investment and also a good source of wealth creation. But also it’s very volatile and unpredictable in nature. There have been some price fluctuations recently which made me believe it would dip further until I got the logic and had to sell some positions I held in some other coins and made a total of 7 bitcoin at $7,800 each. I was then introduced to Gérard Barrientos who told me DCA was a good strategy but trading was an even greater strategy. In just 2 weeks, I had grown my 7 bitcoin to 18 bitcoin and this has been a thing of joy because I have not had this winning margin before. His strategies and trade signals are some of the most accurate and easy to implement. For inquiries, Gérard can be reached by mail [gerardbarrientos6672 @ gmailcom] so as to get a better understanding of cryptocurrency trading.

  11. Well done…. very educational from a history and documentation perspective. Keep up the good work!

  12. What I understand is that BTC is all about wasting energy. Trying to add layers on top of BTC to hide core issues is not the solution. BTC was the first crypto, we should be thankful, but now it's time to die.

  13. Come on guys, the volume of this entire bull run is laughable compared to 2017. All pumps appear exactly at the end of each major candle, we are in the third month of the pump with no cooldown. The whales are still in full control of this market. They dump a lot of BTC and then the public buys the price back up again for them because nobody likes to be still bearish after such a long time. The sentiment is so positive that it might be true because of this. It all started with a £1000 increase in just an hour or less. That was the signal that everybody decided that the bear market was over. And if enough people think that, it increases the chances of it happening. My only advice for investors and newbies is to take advantage of Mr. James Long's program, a pro trader who is helping investors accumulate more bitcoin through his amazing trading strategy, with his program I went from having 3 Bitcoin to 9 Bitcoin in just 3 weeks. You can reach him on (jameslong241 @Gmailcom or WhatsApp + 447480724121)

  14. 147 Mbit, block limit to 2 gb and miner will go through from 512mb to GB on a choice limit for the miner after the network upgrade on the QUASAR update . BSV WILL BE YOUR FUTURE

  15. Kind of sounds exactly like the directly of Bitcoin SV. Chico would you talk about BSV if they sponsored your channel?

  16. A blocksize increase should* be inevitable. Lightning network could actually be slow with full blocks on the bitcoin network. Avalanche protocol could further help bitcoin or sidechains, or combination of many fixes. I find it really odd how expensive it is to transact on btc after 10 years.

  17. You own this section of crypto. Education. Very rational videos always explaining unbiased content. Appreciate your vids sir

  18. Hey buddy, don't forget that even Anderson is beyond then 100% surtent that wright is satoshi… Left us. Bla. Bye bye btc

  19. BSV just mined 2~147gb blocks, 2gb upgrade announced a week ago…. Good video but your research is lacking or biased…..

  20. Tyler knows the BSV roadmap is the only way. Bitcoin is purely an economic system and the blocksize cap kills it.

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