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All BCH did was increase the block size limit from 1mb to 8mb. It solves the scalability problems in the short term, but will run into exactly the same issues a
by peterkelly 9y ago
All BCH did was increase the block size limit from 1mb to 8mb. It solves the scalability problems in the short term, but will run into exactly the same issues a year or two from now. Then it'll be 32mb blocks, then 128mb, then 1Gb. An O(n) approach won't work in the long term.
- lawn 9y agoYet nobody quantifies what long term is. Forgoing a solution that works temporarily, even if only for a year or two, isn't very bright if the alternative is this. Bitcoin is quickly loosing the network effect, the only thing it has going for it vs other altcoins.
- hndamien 9y ago120 years.
- doctorfoo 9y agoCryptocurrencies can be scaled to VISA levels on chain with today's hardware. And probably much further with future hardware advances. Is that "enough"? The only argument that is ever presented is that huge blocks harm "decentralisation" - not that it cannot be done.