Ramon Quesada - News 🌷

My vision towards (year) 2030 is simple.

More than 1 billion transactions per second.
Fees of under one 1,000th of a cent
A complex scripting language that allows developers to build anything!

Bitcoin does not bank the unbanked. It comes them digital cash. It doesn't give them home loans. It doesn't give them credit cards. Banks don't do cash. The poor don't need banks, they need digital cash with low fees.

I'm not interested in making bitcoin into a “censorship resistant platform”. That was never my vision for bitcoin and came about because of the electronic Frontier foundation. My vision for bitcoin is for a system that allows the normal people of the earth, the poor to send money. It is not a system that allows the rich to hide money.

BTC have created a system that allows for a monetary mixing. It allows oligarchs and crime lords to hide and move money and even this is not effective because of the tracing I built-in. But they are trying to change it. Bitcoin does not change. Bitcoin is set in stone.

The protocol I built will remain the protocol I built. In the year 2100, a transaction on bitcoin that you can create today will still be valid. This is not something that will occur on any other platform. BTC changes nearly weekly. Ethereum changes all the time. Bitcoin doesn't. Bitcoin won't. What bitcoin will do is scale and become cheaper.

I have no interest in people who speculate on bitcoin and care mostly about price. The only price I really care about is the transaction fee. And that is far too high. Right now, the transaction fee is tens to hundreds of times higher than it needs to be. That's going to change.

People keep telling me others will flood the network.
GOOD!

I want people to flood the network. I want everybody who can send any transaction to send it. This is why we have transaction fees. There is no such thing as spam on bitcoin. If you want to send any transaction, if you want to send one the Satoshi, it is your bloody right!

I will say this again. If you want to send one Satoshi… It is your right! It is not spam. There is no spam on bitcoin. I welcome people sending lots of stupid small transactions just because they can. That is the purpose of bitcoin. Don't like that, find something else I don't care. What I'm going to do is build a system that handles any volume.

Not to democratise finance. To open up digital cash to everyone no matter how poor they are.

If you want to build Ethereum and use bitcoin as the consensus mechanism, good I won't stop you. If you want to build a different system on top of bitcoin… One that uses high volumes of bitcoin transactions for nearly nothing… Good I won't stop you.

I'm not here to speculate. I'm not here to gamble on price. I'm here to do one thing.
Make it cheaper to send transactions

the reality here of course is that I wanted way earlier than that (2030)

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX

https://t.me/CSW_Slack/4091

CSW - Slack Channel

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX

https://t.me/CSW_Slack/4091

18 views@RamonQuesada 🌷, 05:40