3 ms·

It also assumes there is no incentive/demand for "Layer 2" solutions, like Liquid, Lightning Network, Bisq. There's lots of room for experimentation, but I'm ve

by mudlus 7y ago

It also assumes there is no incentive/demand for "Layer 2" solutions, like Liquid, Lightning Network, Bisq. There's lots of room for experimentation, but I'm very opposed to "big blocks" (as the above poster has mentioned). If you'd like to hear why, and in fact should maybe be even smaller, I suggest this brief explanation: https://www.youtube.com/watch?v=CqNEQS80-h4 https://www.youtube.com/watch?v=CqNEQS80-h4

BubRoss 7y ago
There's always someone ready to say that 2KB/s is too much for servers. There is never a real explanation or evidence of course, just vague hand waving, predictions about the future, assertions they hope people won't think about or validate, etc. The person in this video was adamant that the sun revolves around the earth (yes really) possibly stemming from radical religious beliefs that most reasonable people would take as a sign of mental illness. Don't forget that he is essentially arguing that something that already works won't work. I can't believe anyone would believe that cryptocurrency blocks can't go over 1 MB every 10 minutes when plenty already have. Most users don't even sync with the main chain even though they can. The whole thing is mind melting. Why keep doing this? The second layer stuff is a solution in search of a problem and everyone behind it keeps trying to convince everyone there is a problem.
- wilma5 7y ago
  Have you ever tried to sync Bitcoin from the genesis block?
  - BubRoss 7y ago
    Many times. It is trivial but would go even faster if the reference software would use network resources better.
    - RL_Quine 7y ago
      Er better? Sync speed is now limited entirely by a single threaded hash table update, nothing to do with the networking.
      - BubRoss 7y ago
        Why would that be true and why would you think that? Do you realize that even a poorly made hash table can be updated 10 million times per second on single core of a 14 year old computer? Weren't you the same person saying that a node that just has to download blocks and send them out couldn't be run on a VPS for some reason? Are you sure you understand these things and haven't just been reading misinformation?
- therein 7y ago
  > The person in this video was adamant that the sun revolves around the earth (yes really) I hadn't clicked on the link above but after reading your comment, I immediately knew we're talking about Luke Dashjr. :) I remember back when I mined, his pool Eligius would embed bible verses into the mined blocks. We had quite a chat about it back then.

by mudlus 7y ago

BubRoss 7y ago

There's always someone ready to say that 2KB/s is too much for servers. There is never a real explanation or evidence of course, just vague hand waving, predictions about the future, assertions they hope people won't think about or validate, etc. The person in this video was adamant that the sun revolves around the earth (yes really) possibly stemming from radical religious beliefs that most reasonable people would take as a sign of mental illness. Don't forget that he is essentially arguing that something that already works won't work. I can't believe anyone would believe that cryptocurrency blocks can't go over 1 MB every 10 minutes when plenty already have. Most users don't even sync with the main chain even though they can. The whole thing is mind melting. Why keep doing this? The second layer stuff is a solution in search of a problem and everyone behind it keeps trying to convince everyone there is a problem.

wilma5 7y ago
Have you ever tried to sync Bitcoin from the genesis block?
- BubRoss 7y ago
  Many times. It is trivial but would go even faster if the reference software would use network resources better.
  - RL_Quine 7y ago
    Er better? Sync speed is now limited entirely by a single threaded hash table update, nothing to do with the networking.
    - BubRoss 7y ago
      Why would that be true and why would you think that? Do you realize that even a poorly made hash table can be updated 10 million times per second on single core of a 14 year old computer? Weren't you the same person saying that a node that just has to download blocks and send them out couldn't be run on a VPS for some reason? Are you sure you understand these things and haven't just been reading misinformation?
therein 7y ago
> The person in this video was adamant that the sun revolves around the earth (yes really) I hadn't clicked on the link above but after reading your comment, I immediately knew we're talking about Luke Dashjr. :) I remember back when I mined, his pool Eligius would embed bible verses into the mined blocks. We had quite a chat about it back then.