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Changing the maximum block size would change the "energy used by a transaction" since block production is a factor of fixed time, not transaction volume, so the
by Karunamon 4y ago
Changing the maximum block size would change the "energy used by a transaction" since block production is a factor of fixed time, not transaction volume, so the comparison is absurd on its face.
- progman32 4y agoBut what is the current block size, and what's the plan for changing it?
- lottin 4y agoIt's not a comparison. The fact is that the costs of processing bitcoin transactions are predominantly fixed. This tells us that bitcoin doesn't have economies of scale. The average cost of a bitcoin transaction doesn't decrease as the number of transactions increases. This makes bitcoin uncompetitive in relation to pretty much any other transaction processing technology.
- simiones 4y agoAnd once that block size changes, the energy used per transaction will go down. It's really very simple, stop making it complicated. Blocks are there to hold transactions - that's their whole purpose. The fact that technically you can mine an empty block is an irrelevant detail of the protocol: bitcoin would not keep getting mined if there were no more transactions.