5 ms·

Nope. Bitcoin's network is not scaling well.

• sp821543 9y ago
  I think it would be a mistake to assume performance cannot improve.
  • sp527 9y ago
    Umm anyone who has studied distributed systems understands a fully distributed system cannot scale past a certain limited point. That's not controversial. That's just reality. LN, for example, is adding degrees of centralization to achieve better scaling. Human systems have a tendency towards centralization and consolidation of power/authority as well, as we see in various ways already with Bitcoin (China, Ver, Core). There's overwhelming evidence to believe that the future of Bitcoin is much more centralized, at which point it starts to resemble the systems we already have but with horrifying disadvantages: your entire transaction history is public to everyone, your identity can be linked to your wallet through exchanges, etc.
    • sp821543 9y ago
      I don't agree with you, but an interested in your view. What in your opinion is the best implementation of a blockchain?
      • Caveman_Coder 9y ago
        Distributed renewable energy sharing: https://news.ycombinator.com/item?id=15349405 https://news.ycombinator.com/item?id=15349405
      • sp527 9y ago
        ‘Dark’ coins like Monero. They provide the highest utility for their most obvious use case: money laundering and illicit, untraceable transactions.
• elliotec 9y ago
  What on earth does that mean
  • regulation_d 9y ago
    One example is that BTC's transactions costs are getting more expensive as time goes on. They were supposed to start going down after the most recent hard fork, but I don't know if has been the case. Another example is that the electricity cost to run the system is going up at an unsustainable pace. Eventually they'll have to switch to an new way to propagate the blockchain something other than Proof of Work mining. Most likely though, these problems will be solved with some kind of hard fork rather than BTC dying.