3 ms·
You're optimizing for the wrong thing here IMO. You should optimize for decentralization. Without it, there is no point to Bitcoin (or any cryptocurrency for th
by kevinak 4y ago
You're optimizing for the wrong thing here IMO. You should optimize for decentralization. Without it, there is no point to Bitcoin (or any cryptocurrency for that matter). Increasing the block size won't solve the inherent problems with scaling the bitcoin blockchain. The only thing it will end up doing is push the can down the road and result in less full nodes running on the network.
The solution is of course to not increase the block size but to scale in other ways, like for example the Lightning Network.
- dale_glass 4y agoThe size of the blockchain right now is 390GB. It grows at 144MB/day. You can get a 2TB hard disk for $50 right now, and it'll be enough for 30 years more. 1 MB blocks take 2 minutes and 30 seconds on at 56 Kbps, which means you can keep up with the blockchain on a freaking dial-up modem. I'm not seeing exactly where the problem is here, and in what scenario would somebody go "Gee, I'd love to run a full node, if only it took something less amazing than a computer I can find lying in the garbage for free". If you want more nodes what you need instead is incentives to run a node. Give people some reason to run one other than that it provides some nebulous benefit to the network, and so it's a good thing to run this out of the goodness of their hearts.
- remram 4y agoYou also don't have to store the entire history. Technically keeping a day's worth of blocks is sufficient to run validation.