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Bitcoin dev pushes controversial update to lift ceiling on nonfinancial transaction data (www.dlnews.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 week ago (1 children)

purist opposition to this push is to keep it that way. instead of nft/meme coins it could enhance layer 2 stuff.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago)

You need to have a fully functional layer 1 before you even think about layer 2. BTC is a lost cause.

Bitcoin Cash (BCH) has instant reliable and cheap transactions on layer 1 and it has smart contracts which allows for NFT/memecoins.

This is because it follows the original vision of bitcoin, which can do everything all other coins do and maintain proper decentralization if engineered properly.