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jacopograziuso
Member since: 2025-03-28
jacopograziuso
jacopograziuso 22d

On-chain scalability: what Bitcoin deliberately rejects. Reading time: 1–2 minutes. When compared to contemporary payment systems, Bitcoin is often considered 'slow'. This judgement implies an unstated assumption that speed is a universal goal and that all infrastructures must compete based on maximum operational capacity. Bitcoin does not share this assumption. In a technical sense, on-chain scalability refers to the ability to increase the number of transactions processed directly in the base layer without substantially altering security and verification requirements. In a distributed system, however, this increase is never neutral; it implies larger blocks, greater complexity, longer propagation times and increasingly expensive nodes to maintain. Every structural increase in throughput produces chained effects. Hardware requirements increase, verification becomes less accessible, and fewer entities are able to control the ledger. Operational efficiency is achieved by concentrating validation power, thereby transforming a system that is verifiable by many into one that is entrusted to a few. Bitcoin consciously rejects this trajectory because it was not designed to be used as a retail payment system. Its base layer is not designed to compete with infrastructures geared towards speed and volume; rather, it is intended to perform a different function as a settlement system, where certainty is prioritised over immediacy. Mixing up these levels means giving Bitcoin a task it is not intended to perform. Slowness is not an accidental defect, but rather a consequence of the decision to keep verification costs low while maintaining high resistance to manipulation. In this context, scalability is not an intrinsic goal, but a trade-off. Any attempt to maximise it on-chain would require a redefinition of the system's priorities and would directly affect its social function. Bitcoin simply chooses not to optimise anything that would compromise its consistency. The real question is not why Bitcoin is not fast. Rather, it is why we expect it to be. #scalability #trilemma #bitcoin #choice #choose #question #process #share

#scalability #trilemma #bitcoin #choice #choose

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πŸŽ“ Trainee economist, lecturer and populariser. My research include Bitcoin, finance, economics, geopolitics and the future. Awareness = freedom + knowledge.

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