Made a post on the other btc thread:
Code
https://forums.d2jsp.org/topic.php?t=102666297&f=383&p=666575407
that today someone used an address dormant since january 2009 (same month as satoshi released bitcoin) so someone from the satoshi era or even satoshi himself became active again today, some good info in the post, worth the read
Figured I'll just post a bit more on bitcoin history in here as well
Quote (moonbeam420 @ Sep 17 2024 04:45pm)
Using binance is not using bitcoin
maximum amount of transactions per second:
- bitcoin: 7
- mastercard: 50,000
- monero: more than 50,000 then bottleneck will be hardware limitations (but will keep growing over the years with better hardware etc)
- CBDC: 10s of millions
Quote (moonbeam420 @ Sep 17 2024 06:04pm)
you cant replace fiat currency with btc that can only and will always do 7 transactions per second max (not even due to technical limitations but because the development of it been hijacked) while mastercard doing 50,000 per second
With internet bandwidths from the year 2008, back then bitcoin was able to theoretically reach at least 3,000 transactions per second
Code
https://sourceforge.net/p/bitcoin/code/commit_browser
When scrolling through the commits from sourceforge (where satoshi was releasing the source code back then before it got moved to github), 'r103' is the one relevant to all the drama that unfolded throughout the years
Code
https://sourceforge.net/p/bitcoin/code/103
Here's that 1 simple line of code that was added in the file '/trunk/main.h':
Code
https://sourceforge.net/p/bitcoin/code/103/tree//trunk/main.h?diff=515630145fcbc978e39dbaa5:102
Quote
--- a/trunk/main.h
+++ b/trunk/main.h
@@ -15,6 +15,7 @@
class CKeyItem;
static const unsigned int MAX_SIZE = 0x02000000;
+static const unsigned int MAX_BLOCK_SIZE = 1000000;
static const int64 COIN = 100000000;
static const int64 CENT = 1000000;
static const int COINBASE_MATURITY = 100;
That 1 line of code was added at the date 2010-07-15 and was only meant to be temporary as a measure against spam attacks bloating the blockchain that would increase the storage requirement to run a full node with all of the blockchain data
In monero the use of dynamic blocksize is what's solving that issue while still allowing to compete with mastercard on the max tx/s numbers and cheap fees
Satoshi Nakamoto declared bitcoin a failed project on August 15, 2015