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There is at least monero, bitcoin cash and ethereum. Bitcoin Cash and Ethereum both have more transactions than bitcoin already. Ethereum has four times the tr

There is at least monero, bitcoin cash and ethereum. Bitcoin Cash and Ethereum both have more transactions than bitcoin already. Ethereum has four times the transaction throughput. Bitcoin Cash has 32x the max block size. There is no technical reason bitcoin could not increase their max block size, but then there would be no reason for their hacky second layer to exist. The only way what you are saying makes sense is if you decide to for some reason define security as "bitcoin's hashing and has rate". No one is doing any sort of mining attacks on bitcoin cash, monero or ethereum. Like the "lightning network" the only way to pretend it is necessary is to pretend it solves a made up problem.

billytetrud 6y ago
> There is no technical reason bitcoin could not increase their max block size You should read the paper this thread is about. It tells you tons of technical reasons that it would be a bad idea to increase the max block size very much if at all.
- zionic 6y ago
  Ethereum has increased its max block size 7+ times in the last 5 years and has had zero issues doing so. “Papers” from technically illiterate authors that ignore very real, tangible evidence contradicting them are about as useful as flat earth “math”.
  - fsh 6y ago
    Except that I can easily run a full bitcoin node on my desktop but not an ethereum node. What is the point of having a cryptocurrency if I have to trust someone else to run the software for me?
  - wyager 6y ago
    Ethereum archive nodes are >20x larger than Bitcoin full nodes and notoriously hard to set up.
- topranks 6y ago
  It doesn’t really though. It makes laughable claims like miners have only 94KB of bandwidth. It’s the same old fud that says SPV is unsafe for the average user, Moore’s law is nonexistent, and even then makes crazy lowball assumptions about what hardware and network connectivity people have. It’s basic fallacy is the same old one that says every user needs to download and validate the entire chain and all transactions to use Bitcoin. If that’s true it’s going nowhere anyway.
wyager 6y ago
Yeah no shit you can just increase the block size. That doesn’t result in better asymptotic scaling. Spinning up an ethereum full node (“archive node”) is way harder than spinning up a Bitcoin full node, partially because the eth blockchain is over 7TB vs about 300GB for BTC.

billytetrud 6y ago

> There is no technical reason bitcoin could not increase their max block size You should read the paper this thread is about. It tells you tons of technical reasons that it would be a bad idea to increase the max block size very much if at all.

zionic 6y ago
Ethereum has increased its max block size 7+ times in the last 5 years and has had zero issues doing so. “Papers” from technically illiterate authors that ignore very real, tangible evidence contradicting them are about as useful as flat earth “math”.
- fsh 6y ago
  Except that I can easily run a full bitcoin node on my desktop but not an ethereum node. What is the point of having a cryptocurrency if I have to trust someone else to run the software for me?
- wyager 6y ago
  Ethereum archive nodes are >20x larger than Bitcoin full nodes and notoriously hard to set up.
topranks 6y ago
It doesn’t really though. It makes laughable claims like miners have only 94KB of bandwidth. It’s the same old fud that says SPV is unsafe for the average user, Moore’s law is nonexistent, and even then makes crazy lowball assumptions about what hardware and network connectivity people have. It’s basic fallacy is the same old one that says every user needs to download and validate the entire chain and all transactions to use Bitcoin. If that’s true it’s going nowhere anyway.

wyager 6y ago

Yeah no shit you can just increase the block size. That doesn’t result in better asymptotic scaling. Spinning up an ethereum full node (“archive node”) is way harder than spinning up a Bitcoin full node, partially because the eth blockchain is over 7TB vs about 300GB for BTC.