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Cake day: August 24th, 2023

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  • It did kindle. Major companies started accepting it. Then the blocksize wars happened, and the 1mb forever people won through massive censorship and deceit. Then companies stopped accepting it directly as a result of the problems a 1mb limit causes. Now it might never happen again for BTC. The war and the signs leading up to it though spawned other cryptocurrencies, so those might succeed where Bitcoin has failed. We’re still suffering from the damage caused though as companies that stopped accepting it are now skeptical of accepting anything else again.

    Edit: This is steams post on the matter - https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

    1mb limit -> transaction backlog grows -> higher fees to get in next block -> transactions get delayed from fee volatility and having used the wrong fee which moments ago was the right fee -> now the heavily delayed transaction is the wrong amount due to price volatility and steam and the customer are fucked.

    It kindled, and was in turn murdered as it had been intended to be used.




  • So that article is terrible. Written by someone who obviously hates crypto without understanding it. Also that guy charged with murder, never happened, murder charges were dropped as it was likely a setup to frame him and done by the cops who got him, and those same cops stole some of the bitcoin from the arrest and pleaded guilty. That dude does not deserve the life sentence he got. I don’t know if a pardon is right, but a commuted sentence, possibly time served, is wholly appropriate for this guy.

    Edit: further, there are other developers currently arrested also facing prison for writing open source immutable smart contracts that provide privacy because they were considered the owners, but an appeal judge finally understood that no one owns an immutable smart contract on a blockchain since it can’t be altered once uploaded, and they won that appeal, but the case is still ongoing. There’s a lot of travesty when it comes to the government punishing or over punishing crypto developers.