4 ms·
> doesn't consider the externalities that increasing it would have on the network performance and decentralization. I ran a Bitcoin node on and off for 7 years
by OsrsNeedsf2P 3y ago
> doesn't consider the externalities that increasing it would have on the network performance and decentralization.
I ran a Bitcoin node on and off for 7 years. I remember the day it cost more to bootstrap an entire node than make a transaction. Your argument about "developing countries" and "internet costs" in other comments is completely disingenuous for this reason alone.
Bitcoin's runway was cut incredibly short by not raising the blocksize. The excitement around decentralization died because it was strangled.
> "We know as software engineers that solutions to problems at scale are never that simple"
Yes, L2s are needed - But it's insane to suggest 10x-ing the throughput at the bottleneck for a rounding error cost is a bad idea.
- treyd 3y ago> I remember the day it cost more to bootstrap an entire node than make a transaction. In what units?