bitcoin and bitcoin cache debate background ... Dinosaur Strategy and Cockroach Strategy
The battle between the Bitcoin camp and the Bitcoin Cache camp is getting attention.
The Bitcoin Cache camp sees decentralization as a means not a goal of cryptography.
They think Bitcoin's anonymous developer Satoshi Nakamoto wanted to create a monetary system that could not be hacked, and that he chose decentralization as a means.
Even if you sacrifice the decentralization by increasing the block size of the bit coin, there is no problem with the bit coin safety, and the emphasis is on improving transaction convenience with low commission.
The beat coin camp is considered decentralization as the core value of bit coin. If the block size of the bit coin is continuously increased, the cost of maintaining the bit coin block data also increases, so that only a small number of capital can hold the node of the bit coin.
Therefore, if there is a government that wants to control bit coin, it is only necessary to control this small number.
Segwit, which uses bit coin blocks efficiently without increasing the bit coin block size, can lower the transaction fee through the Lightning Network, which records transaction contents outside the block chain and transfers them to the block chain only when necessary. . In fact, applying Segwitt reduces the transaction fee for bit coin to about 300 won.
If you compare it roughly, Bitcoin Cache Camp is 'Dinosaur Strategy'. By increasing the block size of the bit coin and lowering the transaction fee, the bit coin is widely used in commerce, so it is time to make a bit coin era like the dinosaurs that once ruled the earth.
On the other hand, Bitcoin camp is 'Cockroach strategy'. By keeping the bit coin block size small and increasing the number of nodes, any government can not control bit coin, can survive comet clashes and climate change, and have a persistent vitality like a cockroach that survived 300 million years.
