Comments by "p11" (@porky1118) on "The Most Monumental Software Oversight in History? (CONSPIRACY, lol!)" video.
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Some argument I always hear from some bitcoin maximalist:
The block size limit is good, since this way, normal people will be able to run a full node for a few hundred bucks.
This way, even in a few hundred years, the block size will only be a few TB, which is affordable even now.
I guess, that's a valid point.
And satoshi is said to have wanted layers on top of bitcoin. So he would support lightning as well.
I'm not sure about lightning, though. Using it the intended way (running your own nodes and connecting to trusted peers) won't be the default.
I liked, how Nxt (and it's follower Ardor) did it, which has been my favorite CC.
There are a few good things about it:
If you run the default software, you get a normie friendly browser wallet.
In order to create an account, you just have to use a password, which will be used to generate your key. It can be as long as you want, so if you use more than the 25 words like in the monero wallet, it should be safer. It might be a very long sentence, which only makes sense to you and should also be easier to remember because of that.
You also don't have to save any data about your wallet anywhere on your system, just remember the key, which will also be easier to remember anyway.
A few things are not that good, but also not bad:
Proof of stake, some people don't like it because it might be insecure, some prefer it because of less energy waste.
I don't really buy the risk of Proof of Stake. In a PoW currency, you just buy all the hardware, and then can kill the currency. Maybe if china steals all the mining hardware from the people mining in china, this could also happen to bitcoin. All other PoW currencies other than Bitcoin and maybe monero, if the ASIC resistance is done right, can be destroyed easily.
The default client is written in Java, but you could always write a better client in another language, so theoretically not a problem.
The normie friendly browser wallet being the default way to interact with Nxt/Ardor and being enabled by default might also be a bad thing. I prefer GUI and software to be separate. But you could also solve that by writing another client.
But since I understood, that crypto currencies should not have a company behind them, I'm not such a fan of it anymore.
Especially the new smart contracts feature seems bad to me.
It already had specific smart contracts builtin. Basically everything, that ethereum smart contracts are normally used for.
But then they added smart contracts stored as Java bytecode. And that bytecode is bloated.
But there's one really good thing, Ardor has: It even has a smaller block size than Nxt and instead supports multiple chains.
So there's a main chain, which is a bit more expensive, which also stores the balances of the other chains. The other chains can be pruned without security risks.
So the other chains are similar to lightning network, but with the added security of a blockchain system. And as in lightning, your actual funds might be stored regularly on a more secure chain.
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