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>There might be a misunderstanding here. Capacity does not increase with the number of nodes. The only thing the number of nodes tell you is the amount of users
by simias 9y ago
>There might be a misunderstanding here. Capacity does not increase with the number of nodes. The only thing the number of nodes tell you is the amount of users who participate without trusting a third party. This is literally the invention behind Bitcoin. A company that deploys a thousand nodes does absolutely nothing for the network. An end user who deploys just one, and transacts with it, has real value.
I completely agree, my point is that even with full 8MB nodes the barrier of entry is not much higher than it is today with 1MB node. Or to put it an other way I don't think we'd have 10 times more nodes if block size was at 100kB. I postulate that the main barrier of entry right not is simply bothering to actually set up a node.
At least in the "first world" the average joe has the resources available to run a full 8MB node without having to starve himself, both in terms of bandwidth[0] and storage[1]. So while there's some discussion to be had about what constitutes a safe amount of nodes online (Taek has some interesting points about that elsewhere in this thread) I still think it's pretty irrelevant in this blocksize debate.
>But storage is the least interesting aspect. Increased transactions per second means increased validations per second, which has a number of implications including increased latency in the peer to peer network. This affects mining protocols, orphan rates, mempool size, throttling algorithms etc. There are several interesting aspects, and storage is very far down the list.
That's a very interesting point and something I hadn't really thought about. I'm surprised though, given that nowadays the rule of thumb is "wait for 5 confirmations before accepting a transfer" it seems to me that the latency between the moment I issue a transaction to the network and the moment it's "mined" into a block is not that significant? I mean, at a rate of 8MB every 10 minutes you have the time to do a lot of crypto work on the nodes...
[0] https://www.statista.com/statistics/204952/average-internet-connection-speed-by-country/ https://www.statista.com/statistics/204952/average-internet-...
[1] https://www.newegg.com/Desktop-Internal-Hard-Drives/SubCategory/ID-14?Tid=167523 https://www.newegg.com/Desktop-Internal-Hard-Drives/SubCateg...