Friendly reminder if you devalue the bits you devalue the coins
The name is literally Bitcoin.
What happens to the relative value of sats versus the bits if we inflate the number of bits per block?
SegWit was a soft fork in name only. We are told we “won” the blocksize war, yet I see blocks greater than 1MB.
2,099,999,999,755,528 sats/8,000,000 bits = 262,499,999.969441 sats per bit per block
Now it can be down to
2,099,999,999,755,528 sats/32,000,000 bits = 65,624,999.992360 sats per bit per block
How does the pricing of a finite blockspace (bitspace) in finite satoshis through the fee market relate to the economics of proof of work and the value of Bitcoin? If Bitcoiners want the value of Bitcoin to “go up”, then why did we devalue the satoshi with respect to the bits per block of time? Why did we distort the relationship and measurement of Bitcoin?
I pray we can return to the original sound economics of blockspace Satoshi gave us. How many more blocks will it take for us to find humility in our own folly? Who’s going to have to courage to admit we are all wrong?
Jackk / Jack K
npub183…faslh
2026-07-09 14:06:17 UTC
Author Public Key
npub18384z4sjgdfy7vr76thzwtru7jncysz0hcapwesxqsak44p8aemsyfaslhPublished at
2026-07-09 14:06:17 UTCEvent JSON
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"content": "Friendly reminder if you devalue the bits you devalue the coins\n\nThe name is literally Bitcoin.\n\nWhat happens to the relative value of sats versus the bits if we inflate the number of bits per block? \n\nSegWit was a soft fork in name only. We are told we “won” the blocksize war, yet I see blocks greater than 1MB.\n\n2,099,999,999,755,528 sats/8,000,000 bits = 262,499,999.969441 sats per bit per block\n\nNow it can be down to\n\n2,099,999,999,755,528 sats/32,000,000 bits = 65,624,999.992360 sats per bit per block\n\nHow does the pricing of a finite blockspace (bitspace) in finite satoshis through the fee market relate to the economics of proof of work and the value of Bitcoin? If Bitcoiners want the value of Bitcoin to “go up”, then why did we devalue the satoshi with respect to the bits per block of time? Why did we distort the relationship and measurement of Bitcoin?\n\nI pray we can return to the original sound economics of blockspace Satoshi gave us. How many more blocks will it take for us to find humility in our own folly? Who’s going to have to courage to admit we are all wrong?",
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