4 ms·

Every crytocurrency works well except for bitcoin, because its throughput was crippled to try to sell a centralized second layer owned by the company that wease

Every crytocurrency works well except for bitcoin, because its throughput was crippled to try to sell a centralized second layer owned by the company that weaseled their way into controlling the github and subreddit. I don't think any of them make micro payments easy right now, but throughput is not a real problem until transaction volume goes WAY up.

zozbot234 6y ago
Expanding throughput comes with severe tradeoffs: it increases the resource requirements for storing full blockchain history, and makes provision of mining services inherently more centralized in other ways as well. All things considered, a "second layer" with weaker trust guarantees may well be a preferable solution.
- BubRoss 6y ago
  At the current scales, that is like saying a 128x128 jpg has big implications over a 64x64 jpg. Anyone who can watch a 240p youtube video can sync with bitcoin's limited blockchain. Not only that but most people don't need to and don't want to. What is bitcoin's throughput? 2MB every -10 minutes-? That's less than 3KB/s. Let's not do this whole dance where the real numbers never come up in all the fear mongering.
  - TylerE 6y ago
    2MB every 10 minutes is 9GB/month.
    - BubRoss 6y ago
      PlayStation games need to download more than that to install. Many steam games push updates bigger than that. A single 10TB hard drive would take over -92 YEARS- to fill up at that rate. And again, most people don't ever need to sync with the chain, they let servers do it for them. What is your point?
      - TylerE 6y ago
        Metered connections and constrained devices exist. Even in 1st world countries.
        BubRoss 6y ago
        And? For the third time, most people never even think about syncing with the chain. Do you understand how cryptocurrencies work? Have you ever used one? What is your point?

4 ms·

Every crytocurrency works well except for bitcoin, because its throughput was crippled to try to sell a centralized second layer owned by the company that wease

by BubRoss 6y ago

zozbot234 6y ago
Expanding throughput comes with severe tradeoffs: it increases the resource requirements for storing full blockchain history, and makes provision of mining services inherently more centralized in other ways as well. All things considered, a "second layer" with weaker trust guarantees may well be a preferable solution.
- BubRoss 6y ago
  At the current scales, that is like saying a 128x128 jpg has big implications over a 64x64 jpg. Anyone who can watch a 240p youtube video can sync with bitcoin's limited blockchain. Not only that but most people don't need to and don't want to. What is bitcoin's throughput? 2MB every -10 minutes-? That's less than 3KB/s. Let's not do this whole dance where the real numbers never come up in all the fear mongering.
  - TylerE 6y ago
    2MB every 10 minutes is 9GB/month.
    - BubRoss 6y ago
      PlayStation games need to download more than that to install. Many steam games push updates bigger than that. A single 10TB hard drive would take over -92 YEARS- to fill up at that rate. And again, most people don't ever need to sync with the chain, they let servers do it for them. What is your point?
      - TylerE 6y ago
        Metered connections and constrained devices exist. Even in 1st world countries.
        BubRoss 6y ago
        And? For the third time, most people never even think about syncing with the chain. Do you understand how cryptocurrencies work? Have you ever used one? What is your point?