4 ms·
It needs a social/political breakthrough, not technological. You could just make block sizes 1000x larger and be done with it. Literally just a configuration va
by googlryas 6y ago
It needs a social/political breakthrough, not technological. You could just make block sizes 1000x larger and be done with it. Literally just a configuration variable if everyone would get on board.
- throw0101a 6y ago> Literally just a configuration variable if everyone would get on board. If.
- googlryas 6y agoRight. Almost an impossible task based on precedent. But my point was that it isn't like the system as designed can't handle way more transactions than it currently does. If you have a sports car that is limited to do 15mph, but can actually do 215mph if you remove the artificial limiter, then you don't need a technological breakthrough to get the car to go to 215mph.
- mr_woozy 6y agohttps://www.youtube.com/watch?v=CqNEQS80-h4 https://www.youtube.com/watch?v=CqNEQS80-h4 - Luke Dashjr "Briefly, Why Block Sizes Shouldn't Be Too Big" https://www.youtube.com/watch?v=92AYj_9W7x0 https://www.youtube.com/watch?v=92AYj_9W7x0 - Why is Block Size 1MB Andreas Antonopoulos There's simple trade-off between decentralized and bandwidth requirements. If you raise the limit you reduce the pool of those that run full nodes thereby centralizing the network at which point you're undermining the point of a decentralized ledger.
- jeffreyrogers 6y agoSo many problems are like this though and they don't get solved. I doubt bitcoin will be any different.