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It's interesting, so he didn't see the limits of the system. Scaling tx/s is easy, scaling it without increasing block verification time and cost is what's impo
by xiphias2 6y ago
It's interesting, so he didn't see the limits of the system. Scaling tx/s is easy, scaling it without increasing block verification time and cost is what's impossible.
So Bitcoin is not exactly what Satoshi planned, but for me it changed my life completely.
- SkyMarshal 6y agoSatoshi did actually see those limits and discussed them in the early days on Metzdowd and Bitcointalk.org. But he covered his bases and allowed for both big data centers and/or layer 2 architectures to solve that problem. I’m don’t recall if he expressed a strong preference for one over the other, though.
- __blockcipher__ 6y agoCould you please point to me where Satoshi discussed using "layer 2 architectures" to handle the scaling problem? To my knowledge he always talked about scaling from the perspective of every transaction being published to the blockchain, because that's how the whole system works.
- __blockcipher__ 6y ago> It's interesting, so he didn't see the limits of the system. Scaling tx/s is easy, scaling it without increasing block verification time and cost is what's impossible. Nonsense, he absolutely thought about scaling and in his head it was quite simple...because it was. You just need blocks big enough to allow the transaction throughput the world requires, but they need to be a finite size. That's all. Not sure what you mean about "block verification time" having a scaling problem. It really doesn't.